Tsai Yi 4
4 · Zedge, Inc. · Filed Sep 11, 2023
Insider Transaction Report
Form 4
Zedge, Inc.ZDGE
Tsai Yi
CFO & Treasurer
Transactions
- Exercise/Conversion
Class B Common Stock, par value $.01 per share
2023-09-07+2,376→ 3,432 total - Exercise/Conversion
Deferred Stock Units
2023-09-07−2,376→ 19,824 total→ Class B Common Stock (2,376 underlying) - Tax Payment
Class B Common Stock, par value $.01 per share
2023-09-07$2.10/sh−982$2,057→ 2,450 total
Holdings
- 10,714(indirect: By 401(k))
Class B Common Stock, par value $.01 per share
Footnotes (5)
- [F1]Deferred Stock Units, or DSUs, convert into shares of Class B Common Stock on a one-for-one basis.
- [F2]Consists of shares issued upon the vesting of DSUs.
- [F3]Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs.
- [F4]As of September 7, 2023.
- [F5]On September 7, 2021, the Reporting Person was granted 24,000 DSUs. The DSU grant provided that vesting of 30% of the DSUs is solely 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. The market capitalization condition was not met for the vesting dates of September 7, 2022 and September 7, 2023.