Cudahy Theresa Ellen 4
4 · CuriosityStream Inc. · Filed May 10, 2024
Insider Transaction Report
Form 4
Cudahy Theresa Ellen
COO and Secretary
Transactions
- Award
Restricted Stock Units
2024-05-08+534,750→ 534,750 total→ Common Stock (534,750 underlying)
Footnotes (1)
- [F1]On May 8, 2024, the Company granted Tia Cudahy 534,750 restricted stock units ("RSUs") under the 2020 Omnibus Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive one share of common stock. The RSUs granted will vest one half upon the date that the Board or Compensation Committee of the Board determines that the Company has achieved $3,000,000 in adjusted free cash flow ("First Condition"); and one half upon the date that the Board or the Committee determines that the Company has achieved adjusted free cash flow of $5,300,000 (together with the First Condition, the "Performance Conditions"); in the event that the Performance Conditions are not met, then in three substantially equal annual installments on each of the first, second, and third anniversaries of the Grant Date; and will be settled upon vesting (or within 30 days thereafter). All vesting events are subject to continued employment on each applicable vesting date.