Dono Thomas Michael JR 4
4 · Electric Last Mile Solutions, Inc. · Filed Nov 2, 2021
Insider Transaction Report
Form 4
Dono Thomas Michael JR
Ch. Legal Officer & Corp. Sec.
Transactions
- Award
Employee Restricted Stock Unit
2021-11-01+100,000→ 100,000 total→ Common Stock (100,000 underlying) - Award
Earnout Restricted Stock Unit
2021-11-01+100,000→ 100,000 total→ Common Stock (100,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents the contingent right to receive one share of common stock upon vesting.
- [F2]Restricted stock units will vest with respect to 33 1/3% on each of January 2, 2022, January 2, 2023 and January 2, 2024, subject to continued employment.
- [F3]50% of the restricted stock units will be deemed earned and vested if the closing price per share of common stock of the Issuer on any 20 trading days in any 30-consecutive day trading period equals or exceeds (i) $14.00 or (ii) $16.00, respectively, subject to continued employment.