Katzav Adir 4
4 · KIDPIK CORP. · Filed May 17, 2022
Insider Transaction Report
Form 4
KIDPIK CORP.PIK
Katzav Adir
EVP, CFO, and Treasurer
Transactions
- Exercise/Conversion
Restricted Stock Unit
2022-05-15−42,333→ 84,667 total→ Common Stock (42,333 underlying) - Exercise/Conversion
Common Stock
2022-05-15+42,333→ 42,333 total - Tax Payment
Common Stock
2022-05-15$1.91/sh−14,717$28,109→ 27,616 total
Footnotes (3)
- [F1]Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the vesting of 42,333 restricted stock units to the Reporting Person on May 15, 2022.
- [F2]Each restricted stock unit represents the contingent right to receive, at settlement, one share of common stock.
- [F3]The restricted stock units vest at the rate of (i) 1/3 on May 15, 2022 (six months from the closing of the Issuer's initial public offering ("IPO")); (ii) 1/3 on May 15, 2023 (eighteen months from the closing of the IPO); and (iii) 1/3 on May 15, 2024 (thirty months from the closing date of the IPO), subject to the reporting person's continued service through the applicable vesting date. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.