Cudahy Theresa Ellen 4
4 · CuriosityStream Inc. · Filed Aug 14, 2024
Insider Transaction Report
Form 4
Cudahy Theresa Ellen
COO and Secretary
Transactions
- Exercise/Conversion
Common Stock
2024-08-12+267,375→ 435,470 total - Exercise/Conversion
Restricted Stock Units
2024-08-12−267,375→ 267,375 total→ Common Stock (267,375 underlying)
Footnotes (1)
- [F1]On May 8, 2024 ("Grant Date"), the Company granted Tia Cudahy 534,750 restricted stock units ("RSUs") under the 2020 Omnibus Incentive Plan. Each RSU represents a contingent right to receive one share of common stock. On August 12, 2024, the Board and Compensation Committee determined that the Company met the performance condition of $3,000,000 in adjusted free cash flow and, as a result, 267,375 of these RSUs vested. The remaining 267,375 RSUs will vest upon the Company's achieving $5,300,000 in adjusted free cash flow ("Second Performance Condition"). If the Second Performance Condition is not met, these RSUs will vest in three annual installments on each of the first, second, and third anniversaries of the Grant Date. Vesting is subject to continued employment on each applicable vesting date.