LEDECKY JONATHAN J 4
4 · XL Fleet Corp. · Filed May 28, 2021
Insider Transaction Report
Form 4
LEDECKY JONATHAN J
Director
Transactions
- Award
Common Stock
2021-05-26+11,013→ 13,218 total - Award
Stock Option (right to buy)
2021-05-26+17,815→ 17,815 totalExercise: $6.81Exp: 2031-05-26→ Common Stock (17,815 underlying)
Holdings
- 5,500,000(indirect: By LLC)
Common Stock
Footnotes (3)
- [F1]The securities awarded are in the form of restricted stock units issued pursuant to the Issuer's 2020 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. Subject to the reporting person's continued service through the applicable vesting date, the restricted stock units shall become fully vested on the first anniversary of May 26, 2021.
- [F2]Includes 5,500,000 shares ("Sponsor Shares") owned directly by Pivotal Investment Holdings II LLC, a Delaware limited liability company and the sponsor of the Issuer (the "Sponsor"), of which Ironbound Partners Fund, LLC, an affiliate of Mr. Ledecky, is a managing member. Notwithstanding their dispositive and voting control over such Sponsor Shares, each of Mr. Ledecky and Ironbound Partners Fund, LLC disclaim beneficial ownership of the securities held by the Sponsor, except to the extent of his or its pecuniary interest therein.
- [F3]The shares underlying this option shall become fully vested on the first anniversary of May 26, 2021, subject to the reporting person's continued service through the applicable vesting date.