Wang Michael Xue 4
4 · Ispire Technology Inc. · Filed Sep 6, 2023
Insider Transaction Report
Form 4
Wang Michael Xue
Co-Chief Executive Officer
Transactions
- Award
Common Stock Options (Right to buy)
2023-09-04+1,000,000→ 1,000,000 totalExercise: $9.76Exp: 2033-09-04→ Common Stock (1,000,000 underlying) - Award
Restricted Stock Units
2023-09-04+282,787→ 1,425,644 total
Footnotes (5)
- [F1]RSUs vest over three years as follows: 1/3 on the first anniversary of the date of grant, 1/3 on the second anniversary of the date of grant, and 1/3 on the third anniversary of the date of grant.
- [F2]Each restricted stock unit ("RSU") represents the right to receive one share of Common Stock upon vesting.
- [F3]The amount reported includes (i) 1,000,000 shares of Common Stock owned by the Reporting Person and held by Peak Group LLC where the Reporting Person has sole voting and dispositive power over the shares of common stock owned by Peak Group LLC and (ii) 142,857 share of Common Stock purchased by the Reporting Person in connection with the Issuer's initial public offerings which priced on April 3, 2023 and closed on April 6, 2023.
- [F4]Each option represents the right to purchase one share of Common Stock at the exercise price.
- [F5]Common Stock Options vest over four years as follows: 1/4 on the first anniversary of the date of grant with the remaining 3/4 vesting in equal installment of 2.083% each month thereafter.