4//SEC Filing
Bohan Donnelly A. 4
Accession 0001213900-22-063538
CIK 0001849820other
Filed
Oct 11, 8:00 PM ET
Accepted
Oct 12, 4:34 PM ET
Size
9.1 KB
Accession
0001213900-22-063538
Insider Transaction Report
Form 4
Bohan Donnelly A.
Chief Operating Officer
Transactions
- Award
RSU
2022-10-07+144,021→ 144,021 total→ Common Stock (144,021 underlying) - Award
Performance RSU
2022-10-07+268,840→ 268,840 total→ Common Stock (268,840 underlying)
Footnotes (4)
- [F1]Each Restricted Stock Unit ("RSU") is issued pursuant to the Company's 2022 Omnibus Incentive Plan and represents a contingent right to receive one share of common stock, and vesting (i.e., forfeiture restriction termination) generally is subject to the reporting person remaining an employee or director of the Company, its affiliates or subsidiaries.
- [F2]50% of the RSUs vest on April 4 of each of 2023 and 2024.
- [F3]0% to 150% of these Performance RSUs may vest in two (2) equal installments on each of December 31, 2023 and December 31, 2024, based the Company's revenue, as reported on its audited income statement for the year ending December 31, 2022 ("Revenue"), relative to the Company's 2022 revenue as reported on its Form S-1 filed on September 9, 2022, as may be amended ("S-1 Revenue").
- [F4]The percentage of Performance RSUs that may vest will be (i) at the Compensation Committee's (the "Committee") discretion if the Revenue is below $11 million; (ii) 50% if the Revenue is greater than or equal to $11 million, but less than S-1 Revenue; (iii) 100% if the Revenue is greater than or equal to the S-1 Revenue, but less than 115% of S-1 Revenue; (iv) 115% if the Revenue is greater than or equal to 115% of S-1 Revenue, but less than 125% of S-1 Revenue; (v) 125% if the Revenue is greater than or equal to 125% of S-1 Revenue, but less than 150% of S-1 Revenue; (vi) 150% if the Revenue is greater than or equal to 150% of S-1 Revenue.
Documents
Issuer
Nauticus Robotics, Inc.
CIK 0001849820
Entity typeother
Related Parties
1- filerCIK 0001944958
Filing Metadata
- Form type
- 4
- Filed
- Oct 11, 8:00 PM ET
- Accepted
- Oct 12, 4:34 PM ET
- Size
- 9.1 KB