Major Todd Robert 4/A
4/A · Strong Global Entertainment, Inc. · Filed May 23, 2023
Insider Transaction Report
Form 4/AAmended
Major Todd Robert
CFO, Secretary & Treasurer
Transactions
- Award
Restricted Stock Unit
2023-05-18+25,000→ 25,000 total→ Class A Common Voting Shares (25,000 underlying) - Award
Class A Common Voting Shares
2023-05-18+25,000→ 25,000 total - Tax Payment
Class A Common Voting Shares
2023-05-18$3.99/sh−8,626$34,418→ 16,374 total - Award
Restricted Stock Unit
2023-05-18+25,000→ 25,000 total→ Class A Common Voting Shares (25,000 underlying) - Exercise/Conversion
Restricted Stock Unit
2023-05-18−25,000→ 0 total→ Class A Common Voting Shares (25,000 underlying)
Footnotes (5)
- [F1]Represents restricted stock units ("RSUs") granted pursuant to the 2023 Share Compensation Plan of Strong Global Entertainment, Inc. (the "Issuer"). Each RSU represents the right to receive, following vesting, one Class A Common Voting Share of the Issuer.
- [F2]These RSUs were granted on May 18, 2023, the completion of the Issuer's initial public offering, and vested immediately.
- [F3]Represents the number of Class A Common Voting Shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the RSUs and does not represent a sale.
- [F4]These RSUs were granted on May 18, 2023, the completion of the Issuer's initial public offering, and will vest in one-third annual installments, beginning on the first anniversary of the grant date, subject to continued employment.
- [F5]On May 18, 2023, the Issuer inadvertently underwithheld the number of Class A Common Voting Shares in net settlement of the RSUs described in footnote 2. On May 22, 2023, the Issuer corrected this error, effective as of May 18, 2023. The original Form 4, filed on May 19, 2023, is being amended by this form 4 amendment solely to reflect the correct number of Class A Common Voting Shares withheld in net settlement of such RSUs.