4//SEC Filing
Edelman Matthew Evan 4
Accession 0001415889-23-007160
CIK 0001621672other
Filed
May 1, 8:00 PM ET
Accepted
May 2, 9:19 PM ET
Size
18.3 KB
Accession
0001415889-23-007160
Insider Transaction Report
Form 4
Edelman Matthew Evan
DirectorCEO & President
Transactions
- Disposition to Issuer
Stock Option
2023-04-30−7,107→ 0 totalExercise: $9.00From: 2020-02-11Exp: 2030-02-11→ Common Stock (7,107 underlying) - Disposition to Issuer
Stock Option
2023-04-30−100,000→ 0 totalExercise: $2.88From: 2020-08-05Exp: 2030-08-05→ Common Stock (100,000 underlying) - Disposition to Issuer
Stock Option
2023-04-30−28,400→ 0 totalExercise: $4.81From: 2021-05-27Exp: 2031-05-27→ Common Stock (28,400 underlying) - Award
Stock Option
2023-04-30+1,200,000→ 1,200,000 totalExercise: $0.49Exp: 2033-04-30→ Common Stock (1,200,000 underlying) - Disposition to Issuer
Performance Stock Units
2023-04-30−150,000→ 0 total→ Common Stock (150,000 underlying) - Award
Performance Stock Units
2023-04-30+150,000→ 150,000 totalExp: 2028-04-30→ Common Stock (150,000 underlying)
Footnotes (7)
- [F1]On April 30, 2023, the Issuer cancelled certain stock options previously granted to the Reporting Person under the Issuer's 2014 Amended and Restated Employee Stock Option and Incentive Plan (the "2014 Plan"). In exchange for the cancelled options, the Reporting Person was granted options to purchase 1,200,000 shares of the Issuer's common stock under the 2014 Plan.
- [F2]One-third of the stock options vest on the grant date, with the remainder vesting monthly over the thirty-six month period thereafter, subject to continued service.
- [F3]The exercise of the options under this award are contingent upon the Company receiving approval from its stockholders to increase the number of shares available under the 2014 Plan, and will be subject to cancellation in the event stockholder approval is not obtained.
- [F4]Each Performance Stock Unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock upon vesting.
- [F5]The PSUs were scheduled to vest: (i) 20% upon the Issuer's common stock achieving a 60-day volume-weighted average price ("60-day VWAP") of $4.75 per share, (ii) 20% upon the Issuer's common stock achieving a 60-day VWAP of $6.00 per share; (iii) 20% upon the Issuer's common stock achieving a 60-day VWAP of $7.00 per share; (iv) 20% upon the Issuer's common stock achieving a 60-day VWAP of $8.00 per share; and (v) 20% upon the Issuer's common stock achieving a 60-day VWAP of $9.00 per share.
- [F6]On April 30, 2023, the Issuer cancelled certain PSUs previously granted to the Reporting Person under the 2014 Plan. In exchange for the cancelled PSU's, the Reporting Person was granted 150,000 PSUs under the 2014 Plan.
- [F7]Subject to continued employment and to accelerated vesting in certain circumstances, the PSUs shall vest: (i) 20% upon the Issuer's common stock achieving a 60-day VWAP of $0.80 per share, (ii) 20% upon the Issuer's common stock achieving a 60-day VWAP of $1.00 per share; (iii) 20% upon the Issuer's common stock achieving a 60-day VWAP of $1.20 per share; (iv) 20% upon the Issuer's common stock achieving a 60-day VWAP of $1.40 per share; and (v) 20% upon the Issuer's common stock achieving a 60-day VWAP of $1.60 per share.
Documents
Issuer
Super League Gaming, Inc.
CIK 0001621672
Entity typeother
Related Parties
1- filerCIK 0001768749
Filing Metadata
- Form type
- 4
- Filed
- May 1, 8:00 PM ET
- Accepted
- May 2, 9:19 PM ET
- Size
- 18.3 KB