Grimes Scott D. 4
4 · Cardlytics, Inc. · Filed Jul 20, 2022
Insider Transaction Report
Form 4
Cardlytics, Inc.CDLX
Grimes Scott D.
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Performance Stock Unit
2022-06-09−19,688→ 19,687 total→ Common Stock (19,688 underlying) - Exercise/Conversion
Common Stock
2022-06-09+19,688→ 247,560 total
Holdings
- 53,112(indirect: See Footnote)
Common Stock
- 55,832(indirect: See Footnote)
Common Stock
Footnotes (5)
- [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 (the "GRAT").
- [F4]Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's Common Stock.
- [F5]On December 9, 2021 the Compensation Committee of the Issuer's Board of Directors certified that a target minimum growth rate in adjusted contribution was achieved (the "Certification") resulting in the award of the tranche of the PSU grant related to achieving the adjusted contribution growth target ("adjusted contribution growth tranche"). Fifty percent (50%) of the shares subject to the adjusted contribution growth tranche of the awarded PSU vested upon the Certification, twenty-five percent (25%) of the shares subject to the adjusted contribution growth tranche of the awarded PSU vested 6 months after the Certification, and twenty-five percent (25%) of the shares subject to the adjusted contribution growth tranche of the awarded PSU will vest 12 months after the Certification, subject to continued service to the Issuer.