Rumbolz Michael D 4
4 · Everi Holdings Inc. · Filed May 14, 2024
Insider Transaction Report
Form 4
Rumbolz Michael D
Director
Transactions
- Sale
Common Stock
2024-05-14$7.60/sh−5,040$38,304→ 1,082,062 total - Exercise/Conversion
Common Stock
2024-05-10+12,500→ 1,087,102 total - Exercise/Conversion
Restricted Stock Units
2024-05-10−12,500→ 0 total→ Common Stock (12,500 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock.
- [F2]The transaction reported on this line item on Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of restricted stock units. The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction. The settlement of the restricted stock units, which occurred on May 10, 2024, was deferred to align with the Issuer's quarterly open trading window.
- [F3]Represents the sale of shares of common stock initially acquired upon the settlement of restricted stock units and which were subsequently sold to satisfy the statutory tax obligation applicable to such settlement, in accordance with the Issuer's mandatory "sell to cover" policy" as described in footnote 2.
- [F4]Represents an original award of 12,500 restricted stock units to acquire shares of the Company's common stock that fully vested on the first anniversary following the date of grant of May 2, 2023.