Shah Ashesh C 4
4 · Akerna Corp. · Filed Oct 9, 2019
Insider Transaction Report
Form 4
Akerna Corp.KERN
Shah Ashesh C
Director
Transactions
- Award
Restricted Stock Units
2019-10-07+169→ 169 total→ Common Stock, par value $0.0001 (169 underlying)
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Akerna Corp. (the "Company"). The Company may also elect to settle the vested RSUs in cash or stock, in the Company's its sole discretion.
- [F2]Mr. Shah was granted 169 RSUs under the Akerna Corp. 2019 Long Term Incentive Plan, as amended (the "Plan"). The RSUs will vest as follows: 57 shall vest on December 31, 2019; 56 shall vest on March 31, 2020; and 56 shall vest on June 30, 2020; provided that the RSUs shall vest immediately upon a Change in Control. Subject to Mr. Shah's continued employment with the Company, the RSUs shall be settled on the final vesting date. All capitalized but undefined terms have the meanings ascribed thereto by the Plan.