Jin H.P. 4
4 · Telenav, Inc. · Filed Dec 3, 2020
Insider Transaction Report
Form 4
Telenav, Inc.TNAV
Jin H.P.
DirectorPres,CEO & Chair. of the Board
Transactions
- Exercise/Conversion
Common Stock
2020-12-01+417→ 2,358,344 total - Tax Payment
Common Stock
2020-12-01$4.79/sh−144$690→ 2,358,200 total - Exercise/Conversion
Restricted Stock Unit
2020-12-01−417→ 4,583 totalExercise: $0.00→ Common Stock (417 underlying)
Footnotes (3)
- [F1]Transaction represents tax withholding in connection with the vesting of the restricted stock units (RSUs) 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 RSU represents a contingent right to receive one share of Telenav, Inc.'s common stock.
- [F3]The shares subject to the RSU award will vest in equal quarterly installments, with the first installment vesting as of December 1, 2020 and the last installment vesting as of September 1, 2023 (subject to the Reporting Person's continued service with the Issuer through such respective vesting date)