4//SEC Filing
Grimes Scott D. 4
Accession 0001666071-22-000038
CIK 0001666071other
Filed
Apr 6, 8:00 PM ET
Accepted
Apr 7, 7:24 PM ET
Size
13.3 KB
Accession
0001666071-22-000038
Insider Transaction Report
Form 4
Cardlytics, Inc.CDLX
Grimes Scott D.
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2022-04-05+3,408→ 228,016 total - Exercise/Conversion
Restricted Stock Units
2022-04-05−3,408→ 10,227 total→ Common Stock (3,408 underlying) - Exercise/Conversion
Performance Stock Unit
2022-04-06−19,688→ 19,687 total→ Common Stock (19,688 underlying) - Exercise/Conversion
Common Stock
2022-04-06+19,688→ 247,704 total
Holdings
- 55,832(indirect: See Footnote)
Common Stock
- 53,112(indirect: See Footnote)
Common Stock
Footnotes (7)
- [F1]Represents the underlying vested shares of common stock of the Issuer which have not been delivered.
- [F2]The reportable securities are held by the UTMA Custodial account fbo Pierce Grimes.
- [F3]The reportable securities are held by the 2013 Scott Grimes GRAT UAD.
- [F4]Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of the Issuer, or at the election of the Issuer, its cash equivalent.
- [F5]The RSUs shall vest in equal amounts annually over four years on the anniversary of the date of grant, provided that the Reporting Person remains employed by the Issuer on such vesting date.
- [F6]Each performance stock unit ("PSU") represents a contingent right to receive one share of common stock of the Issuer, or at the election of the Issuer, its cash equivalent.
- [F7]On October 6, 2021 the Compensation Committee of the Issuer's Board of Directors certified that a target minimum number of advertisers with a specified billings threshold over a trailing 12-month period was achieved (the "Certification") resulting in the award of the tranche of the PSU grant related to achieving the advertiser count target ("advertiser tranche"). Fifty percent (50%) of the shares subject to the advertiser tranche of the awarded PSU vested upon the Certification, twenty-five percent (25%) of the shares subject to the advertiser tranche of the awarded PSU vested 6 months after the Certification, and twenty-five percent (25%) of the shares subject to the advertiser tranche of the awarded PSU will vest 12 months after the Certification, subject to continued service to the Issuer.
Documents
Issuer
Cardlytics, Inc.
CIK 0001666071
Entity typeother
Related Parties
1- filerCIK 0001617486
Filing Metadata
- Form type
- 4
- Filed
- Apr 6, 8:00 PM ET
- Accepted
- Apr 7, 7:24 PM ET
- Size
- 13.3 KB