van de Loo Kaj 4
4 · UserTesting, Inc. · Filed Nov 17, 2022
Insider Transaction Report
Form 4
van de Loo Kaj
Chief Technology Officer
Transactions
- Sale
Common Stock
2022-11-16$7.42/sh−13,652$101,362→ 279,926 total - Exercise/Conversion
Common Stock
2022-11-15+37,500→ 293,578 total - Exercise/Conversion
Restricted Stock Units
2022-11-15−37,500→ 112,500 total→ Common Stock (37,500 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the Issuer's Common Stock upon settlement for no consideration.
- [F2]The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.
- [F3]The RSUs shall vest as to 25% of the total shares on November 15, 2022, with an additional 6.25% of the total shares vesting on each subsequent February 15, May 15, August 15, and November 15 thereafter until such time as the RSUs are 100% vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.