Alexovich Lindsay 4/A
4/A · Metromile, Inc. · Filed Mar 12, 2021
Insider Transaction Report
Form 4/AAmended
Metromile, Inc.MILE
Alexovich Lindsay
Chief Accounting Officer
Transactions
- Award
Stock Option (right to buy)
2021-02-09+88,854→ 88,854 totalExercise: $3.02Exp: 2030-07-27→ Common Stock (88,854 underlying) - Award
Common Stock
2021-02-09+152,327→ 152,327 total - Award
Stock Option (right to buy)
2021-02-09+28,560→ 28,560 totalExercise: $2.19Exp: 2028-02-09→ Common Stock (28,560 underlying)
Footnotes (4)
- [F1]Received pursuant to the Agreement and Plan of Merger and Reorganization, dated as of November 24, 2020, as amended January 12, 2021 and further amended February 8, 2021, by and among INSU Acquisition Corp. II (n/k/a Metromile, Inc.) (the "Issuer"), INSU II Merger Sub Corp. and MetroMile, Inc. (n/k/a Metromile Operating Company) ("Legacy Metromile") (the "Merger Agreement") pursuant to which, through a series of mergers Legacy Metromile became a direct, wholly-owned subsidiary of the Issuer. Pursuant to the Merger Agreement former securityholders of Legacy Metromile will receive additional shares of the Issuer's common stock (the "Additional Shares") if the closing sale price of the Issuer's common stock exceeds $15.00 per share for 20 out of any 30 consecutive trading days during the first two years following the closing of the merger. The transactions contemplated by the Merger Agreement are referred to herein as the "Business Combination."
- [F2]Includes 15,872 shares to be received as Additional Shares.
- [F3]1/4 of share shares subject to the option vested on November 6, 2018, and 1/48 of the shares vest monthly thereafter.
- [F4]1/48 of the shares subject to the option vested on August 15, 2020, and 1/48 of the shares vest monthly thereafter.