Manzoor Adeel 4
4 · Telenav, Inc. · Filed Jul 13, 2020
Insider Transaction Report
Form 4
Telenav, Inc.TNAV
Manzoor Adeel
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2020-07-10$5.13/sh−10,391$53,306→ 19,821 total - Exercise/Conversion
Common Stock
2020-07-10+30,212→ 30,212 total - Exercise/Conversion
Restricted Stock Unit
2020-07-10−30,212→ 90,634 totalExercise: $0.00→ Common Stock (30,212 underlying)
Footnotes (3)
- [F1]Transaction represents tax withholding in connection with the vesting of the restricted stock units awarded to the Reporting Person. In an exempt disposition to the Issuer under rule 16b-3(e), the Issuer withheld shares otherwise to be delivered to the Reporting Person in connection with the satisfaction of the Issuer's estimate of the Reporting Person's minimum statutory tax withholding requirement arising from the vesting of such shares under a previously reported award of restricted stock units.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- [F3]The restricted stock unit vests as to 1/4 of the shares underlying the restricted stock unit on each annual anniversary of the vesting commencement date which is July 10, 2019.