SCHRAMM DAMON E. 4
4 · Waitr Holdings Inc. · Filed Nov 20, 2019
Insider Transaction Report
Form 4
SCHRAMM DAMON E.
Chief Legal Officer
Transactions
- Sale
Common Stock
2019-11-20$0.37/sh−61,750$23,057→ 14,000 total
Holdings
- 384,616
Restricted Stock Units
→ Common Stock (384,616 underlying) - 16,393
Options
Exercise: $12.20→ Common Stock (16,393 underlying) - 11,050
Restricted Stock Units
→ Common Stock (11,050 underlying)
Footnotes (6)
- [F1]The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 14, 2019.
- [F2]Represents shares of the Issuer's common stock sold by the Reporting Person in an open market transaction. The price reported in Column 4 is a weighted average price. These shares represent multiple transactions at prices ranging from $0.356 to $0.4014, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock or an equivalent amount in cash (or partly in cash and partly in shares).
- [F4]One-third of such RSUs vest on each of the first three anniversaries of August 29, 2019, subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.
- [F5]One-third of such RSUs vest on each of the first three anniversaries of February 1, 2019, subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.
- [F6]One-third of the options vest and become exercisable on each of the first, second and third anniversaries of February 1, 2019. The options will generally expire on the tenth anniversary of February 1, 2019, subject to earlier expiration upon termination of the Reporting Person's employment with the Issuer.