Chen Joseph 4
4 · Renren Inc. · Filed Mar 20, 2023
Insider Transaction Report
Form 4
Renren Inc.RENN
Chen Joseph
DirectorChief Executive Officer10% Owner
Transactions
- Exercise/Conversion
Employee Shares Option (Right to Buy)
2023-03-16−3,150,000→ 0 totalExercise: $0.01Exp: 2023-03-21→ Class A Ordinary Shares (3,150,000 underlying) - Exercise/Conversion
Class A Ordinary Shares
2023-03-16$0.01/sh+3,150,000$35,595→ 8,041,021 total
Holdings
- 3,567,523
American Depositary Shares
- 170,258,970
Class B Ordinary Shares
Footnotes (2)
- [F1]Each American depositary share ("ADS") represents 45 Class A ordinary shares, par value US $0.001 per share, of the Issuer. The number of ADSs reported herein includes 12,375,000 time-based restricted stock units (the "RSUs"), which will vest in equal monthly installments over an 15-month period, beginning March 14, 2023. Each RSU represents a contingent right to receive one Class A ordinary share. Subject to tax withholding, the Issuer will deliver one ADS to the Reporting Person for every 45 vested RSUs.
- [F2]The option shares are fully vested and exercisable as of March 22, 2018.