4//SEC Filing
REICH JONATHAN 4
Accession 0001209191-21-055376
CIK 0001667313other
Filed
Sep 8, 8:00 PM ET
Accepted
Sep 9, 7:18 PM ET
Size
7.8 KB
Accession
0001209191-21-055376
Insider Transaction Report
Form 4
Zedge, Inc.ZDGE
REICH JONATHAN
CEO & President
Transactions
- Award
Deferred Stock Units
2021-09-07+58,000→ 58,000 totalExp: 2024-09-07→ Class B Common Stock (58,000 underlying)
Holdings
- 7,431
Class B. Common Stock, par value $.01 per share
- 18,677(indirect: By 401(k))
Class B. Common Stock, par value $.01 per share
Footnotes (3)
- [F1]Includes 2,176 shares due to Mr. Reich's ownership of IDT Class B Common Stock at the time of the spin-off.
- [F2]As of September 9, 2021.
- [F3]Represents a grant of 58,000 deferred stock units ("DSUs"). Each DSU has the right to receive one share of the Issuer's Class B common stock. Vesting of 30% of the DSUs will be time-based as follows: 25% on September 7, 2022, 33% on September 7, 2023, and 42% on September 7, 2024. Vesting of the remaining 70% of the DSUs will be on the following dates in the following amounts only if the aggregate market capitalization of the Issuer's equity securities has reached or exceeded $451 million for five consecutive trading days between the grant date and the vest date: 25% on September 7, 2022, up to 58% (the prior 25% and an additional 33%) on September 7, 2023, and up to 100% on September 7, 2024. In the event the market capitalization condition has not been met prior to a vesting date, but is met by a subsequent vesting date, all DSUs eligible for vesting prior to that date shall vest.
Documents
Issuer
Zedge, Inc.
CIK 0001667313
Entity typeother
Related Parties
1- filerCIK 0001196772
Filing Metadata
- Form type
- 4
- Filed
- Sep 8, 8:00 PM ET
- Accepted
- Sep 9, 7:18 PM ET
- Size
- 7.8 KB