Stinchcomb Clinton Larry 4
4 · CuriosityStream Inc. · Filed Nov 6, 2024
Insider Transaction Report
Form 4
Stinchcomb Clinton Larry
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock
2024-11-05+40,429→ 2,678,989 total - Exercise/Conversion
Restricted Stock Units
2024-11-05−1,062,500→ 0 total→ Common Stock (1,062,500 underlying) - Exercise/Conversion
Common Stock
2024-11-05+1,062,500→ 2,638,560 total - Tax Payment
Common Stock
2024-11-05$2.41/sh−432,971$1,043,460→ 2,246,018 total - Exercise/Conversion
Restricted Stock Units
2024-11-05−40,429→ 0 total→ Common Stock (40,429 underlying)
Footnotes (3)
- [F1]On May 8, 2024 ("Grant Date"), the Company granted Clint Stinchcomb 2,125,000 restricted stock units ("RSUs") under the 2020 Omnibus Incentive Plan. Each RSU represented a contingent right to receive one share of common stock. On August 12, 2024, the Board determined that the Company met the performance condition of achieving $3,000,000 in adjusted free cash flow and, as a result, 1,062,500 of these RSUs vested on that date. On November 5, 2024, the Board determined that the Company met the performance condition of achieving $5,300,000 in adjusted free cash flow and, as a result, the remaining 1,062,500 of these RSUs vested.
- [F2]Represents the withholding of shares of the Company's common stock for tax purposes in connection with the vesting of restricted stock units previously granted.
- [F3]On November 5, 2024, 40,429 restricted stock units previously granted to Mr. Stinchcomb on November 5, 2020 vested and converted into shares of the Company's common stock on a one-to-one basis.