Bailey David F 4
4 · theMaven, Inc. · Filed Feb 1, 2021
Insider Transaction Report
Form 4
theMaven, Inc.MVEN
Bailey David F
Director
Transactions
- Award
Common Stock
2018-10-01+19,231→ 19,231 total - Award
Common Stock
2021-01-01+83,333→ 269,231 total - Award
Options to purchase
2019-04-10+241,820→ 241,820 totalExercise: $0.46Exp: 2029-04-10→ Common Stock (241,820 underlying) - Award
Common Stock
2019-01-01+104,167→ 123,398 total - Award
Options to purchase
2018-01-28+41,250→ 41,250 totalExercise: $2.33From: 2018-03-31Exp: 2028-01-28→ Common Stock (41,250 underlying) - Award
Common Stock
2020-02-06+62,500→ 185,898 total
Footnotes (3)
- [F1]7,500 vest on 3/31/18, 11,250 on each of 6/30/18, 9/30/18 and 12/31/18.
- [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 (2) and ii) the Issuer's shareholders approving a requisite increase in authorized shares of common stock, after the date the grant was issued, that would apply to this grant