4//SEC Filing
Meriweather Tiffany N. 4
Accession 0001209191-21-061060
CIK 0001830180other
Filed
Oct 18, 8:00 PM ET
Accepted
Oct 19, 8:27 PM ET
Size
8.8 KB
Accession
0001209191-21-061060
Insider Transaction Report
Form 4
Meriweather Tiffany N.
Chief Legal Officer
Transactions
- Award
Stock Option (Right to Buy)
2021-10-15+344,555→ 344,555 totalExercise: $10.02Exp: 2031-06-30→ Common Stock (344,555 underlying) - Award
Common Stock
2021-10-15+184,523→ 184,523 total
Footnotes (4)
- [F1]Received pursuant to the Agreement and Plan of Merger, dated as of April 28, 2021, as amended on July 23, 2021 and September 13, 2021, by and among Marquee Raine Acquisition Corp. ("MRAC"), MRAC Merger Sub Corp., a direct, wholly owned subsidiary of MRAC ("Merger Sub") and Enjoy Technology Operating Corp. ("Legacy Enjoy"), pursuant to which Merger Sub merged with and into Legacy Enjoy, with Legacy Enjoy surviving as a wholly owned subsidiary of MRAC, which subsequently changed its name to Enjoy Technology, Inc. (the "Issuer"), (the "Merger Agreement"). The transactions contemplated by the Merger Agreement are referred to herein as the "Business Combination."
- [F2]Shares are time-based and performance based restricted stock units received for no consideration. The performance based vesting conditions were satisfied as a result of the closing of the Business Combination ("Closing"). Twenty-five percent of the restricted stock units shall be issuable on the first anniversary of the vesting commencement date, April 26, 2022, with the remaining seventy-five percent vesting over the following three years in equal quarterly installments.
- [F3]Twenty-five percent of the shares subject to the stock option becomes fully vested on April 26, 2022, and the remaining balance will vest in equal monthly installments and will be fully vested and exercisable on April 26, 2025, the fourth anniversary of the vesting commencement date.
- [F4]Received in exchange for an option to purchase 1,000,000 shares of common stock of Legacy Enjoy.
Documents
Issuer
ENJOY TECHNOLOGY OPERATING CORP. /DE
CIK 0001830180
Entity typeother
Related Parties
1- filerCIK 0001886762
Filing Metadata
- Form type
- 4
- Filed
- Oct 18, 8:00 PM ET
- Accepted
- Oct 19, 8:27 PM ET
- Size
- 8.8 KB