Bennett David A. 4

Accession 0001493152-23-009752

CIK 0001777319other

Filed

Mar 29, 8:00 PM ET

Accepted

Mar 30, 4:10 PM ET

Size

24.2 KB

Accession

0001493152-23-009752

Form 4

Period: 2022-02-28

Chief Operating Officer

Transactions

Award
Stock Option (Right to Buy)
2022-02-28+1,000,000→ 1,000,000 total
Exercise: $3.50Exp: 2032-02-28→ Common Stock, par value $0.00001 (1,000,000 underlying)
Award
Stock Option (Right to Buy)
2022-02-28+500,000→ 500,000 total
Exercise: $3.50Exp: 2032-02-28→ Common Stock, par value $0.00001 (500,000 underlying)
Award
Stock Option (Right to Buy)
2022-02-28+500,000→ 500,000 total
Exercise: $3.50Exp: 2032-02-28→ Common Stock, par value $0.00001 (500,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2022-08-22−500,000→ 500,000 total
Exercise: $3.50Exp: 2032-02-28→ Common Stock, par value $0.00001 (500,000 underlying)
Award
Stock Option (Right to Buy)
2022-08-22+500,000→ 500,000 total
Exercise: $3.02Exp: 2032-02-28→ Common Stock, par value $0.00001 (500,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2022-08-22−1,000,000→ 1,000,000 total
Exercise: $3.50Exp: 2032-02-28→ Common Stock, par value $0.00001 (1,000,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2022-08-22−500,000→ 500,000 total
Exercise: $3.50Exp: 2032-02-28→ Common Stock, par value $0.00001 (500,000 underlying)
Award
Stock Option (Right to Buy)
2022-08-22+1,000,000→ 1,000,000 total
Exercise: $3.02Exp: 2032-02-28→ Common Stock, par value $0.00001 (1,000,000 underlying)
Award
Stock Option (Right to Buy)
2022-08-22+500,000→ 500,000 total
Exercise: $3.02Exp: 2032-02-28→ Common Stock, par value $0.00001 (500,000 underlying)

Footnotes (4)

[F1]On February 28, 2022, the Reporting Person was granted stock options exercisable for 1,000,000 shares of common stock. The options will vest with respect to 25% of the underlying shares on February 28, 2023, and thereafter at a rate of 1/36 per month.
[F2]On February 28, 2022, the Reporting Person was granted stock options exercisable for 500,000 shares of common stock. The options will vest with respect to 25% of the underlying shares on August 31, 2023, and thereafter at a rate of 1/36 per month.
[F3]On February 28, 2022, the Reporting Person was granted stock options exercisable for 500,000 shares of common stock. The options will vest with respect to 25% of the underlying shares on February 28, 2024, and thereafter at a rate of 1/36 per month.
[F4]The transactions reported herein reflect a repricing of the options effective on August 22, 2022, resulting in the cancellation of the options and the grant of replacement options. The exercise price of the options was reduced from $3.50 to $3.02 per share. All of the other terms of the options remain the same, including without limitation, the number of shares underlying the options, the vesting period of the options, and the expiration date of the options.

Documents

1 file

CERBERUS CYBER SENTINEL CORP

CIK 0001777319

Entity typeother