Katz Jason 4
4 · PALTALK, INC. · Filed Mar 30, 2022
Insider Transaction Report
Form 4
PALTALK, INC.PALT
Katz Jason
DirectorCEO & Chairman
Transactions
- Award
Stock Option (Right to Buy)
2022-03-29+75,000→ 75,000 totalExercise: $2.66From: 2022-03-29Exp: 2032-03-28→ Common Stock (75,000 underlying)
Footnotes (1)
- [F1]The stock option was granted pursuant to a stock option agreement dated March 29, 2022. One-third of the shares underlying this stock option vested and became exercisable on the date of grant. The remaining unvested shares will vest in twenty-four equal monthly installments on each of the first twenty-four monthly anniversaries of the grant date as long as the reporting person is providing services to Paltalk, Inc. on such dates; provided, that upon the effective date of a "change in control" (as defined in the Paltalk, Inc. 2016 Long-Term Incentive Plan), 100% of the then-unvested shares shall immediately vest and become fully exercisable, if not previously so exercisable, on the date of the change in control.