4//SEC Filing
Khan Fareed A 4
Accession 0001209191-21-061062
CIK 0001830180other
Filed
Oct 18, 8:00 PM ET
Accepted
Oct 19, 8:30 PM ET
Size
8.8 KB
Accession
0001209191-21-061062
Insider Transaction Report
Form 4
Khan Fareed A
Chief Financial Officer
Transactions
- Award
Common Stock
2021-10-15+191,532→ 191,532 total - Award
Stock Option (Right to Buy)
2021-10-15+413,467→ 413,467 totalExercise: $8.31Exp: 2031-02-18→ Common Stock (413,467 underlying)
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 such restricted stock units shall be issuable on the first anniversary of the vesting commencement date, January 25, 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 shall be fully vested and exercisable on January 25, 2022, and the remaining balance vests in equal monthly installments and will be fully vested and exercisable on January 25, 2025, the fourth anniversary of the vesting commencement date.
- [F4]Received in exchange for an option to purchase 1,200,000 shares of common stock of Legacy Enjoy.
Documents
Issuer
ENJOY TECHNOLOGY OPERATING CORP. /DE
CIK 0001830180
Entity typeother
Related Parties
1- filerCIK 0001349380
Filing Metadata
- Form type
- 4
- Filed
- Oct 18, 8:00 PM ET
- Accepted
- Oct 19, 8:30 PM ET
- Size
- 8.8 KB