Joldersma Benjamin Gary 4
4 · theMaven, Inc. · Filed Dec 29, 2020
Insider Transaction Report
Form 4
theMaven, Inc.MVEN
Joldersma Benjamin Gary
Chief Technology Officer
Transactions
- Award
Options to purchase
2018-09-13+453,000→ 453,000 totalExercise: $0.54From: 2018-10-14Exp: 2028-09-14→ Common Stock (453,000 underlying) - Award
Options to purchase
2019-04-10+1,088,190→ 1,088,190 totalExercise: $0.46Exp: 2029-04-10→ Common Stock (1,088,190 underlying)
Footnotes (3)
- [F1]Vesting 1/36 monthly.
- [F2]Vesting is a combined overlay of Time-based, Stock-Price-based, and Stock-Listing-based conditions. Time-based vesting is 1/3 vest after 1 year, with the balance monthly over next 2 years. Stock-Price vesting is a potential downward adjustment to the otherwise Time-based vested shares, where such adjustment is based on the rolling 45-day Volume Weighted Average Price set against specific price targets. Stock Listing vesting means that no otherwise Time-based and Stock Price-based vested shares are actually deemed as vested unless the Issuer's common stock is listed on a national securities exchange registered with the Securities and Exchange Commission under Section 6 of the Securities Exchange Act of 1934.
- [F3]The ability to exercise is subject to both: i) vesting conditions (3) and ii) the Issuer's Board of Directors approving a requisite increase in authorized shares of common stock, after the date the grant was issued, that would apply to this grant.