4/A//SEC Filing
McKendry Jesse 4/A
Accession 0001209191-21-020226
CIK 0001819035other
Filed
Mar 11, 7:00 PM ET
Accepted
Mar 12, 5:17 PM ET
Size
11.0 KB
Accession
0001209191-21-020226
Insider Transaction Report
Form 4/AAmended
Metromile, Inc.MILE
McKendry Jesse
VP, Insurance
Transactions
- Award
Common Stock
2021-02-09+17,027→ 17,027 total - Award
Stock Option (right to buy)
2021-02-09+44,427→ 44,427 totalExercise: $3.02Exp: 2030-07-27→ Common Stock (44,427 underlying) - Award
Stock Option (right to buy)
2021-02-09+38,080→ 38,080 totalExercise: $3.02Exp: 2030-08-14→ Common Stock (38,080 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 8,868 shares subject to restricted stock units ("RSU") and 1,812 shares to be received as Additional Shares. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
- [F3]6/48 of the shares subject to the option vested on January 15, 2021, and 1/48 of the shares vest monthly thereafter.
- [F4]1/4 of share shares subject to the option vested on January 13, 2021, and 1/48 of the shares vest monthly thereafter.
Documents
Issuer
Metromile, Inc.
CIK 0001819035
Entity typeother
Related Parties
1- filerCIK 0001843095
Filing Metadata
- Form type
- 4/A
- Filed
- Mar 11, 7:00 PM ET
- Accepted
- Mar 12, 5:17 PM ET
- Size
- 11.0 KB