Tsai Yi 4
4 · Zedge, Inc. · Filed Sep 9, 2021
Insider Transaction Report
Form 4
Zedge, Inc.ZDGE
Tsai Yi
CFO & Treasurer
Transactions
- Award
Deferred Stock Units
2021-09-07+24,000→ 24,000 totalExp: 2024-09-07→ Class B Common Stock (24,000 underlying)
Holdings
- 5,370(indirect: By 401(k))
Class B Common Stock, par value $.01 per share
Footnotes (2)
- [F1]As of September 9, 2021.
- [F2]Represents a grant of 24,000 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.