Grimes Scott D. 4
4 · Cardlytics, Inc. · Filed Nov 3, 2022
Insider Transaction Report
Form 4
Cardlytics, Inc.CDLX
Grimes Scott D.
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2022-10-06+19,687→ 258,281 total - Exercise/Conversion
Performance Stock Unit
2022-10-06−19,687→ 0 total→ Common Stock (19,687 underlying)
Holdings
- 55,832(indirect: See Footnote)
Common Stock
- 53,112(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.
- [F4]Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's Common Stock.
- [F5]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 "October 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 October Certification, twenty-five percent (25%) of the shares subject to the advertiser tranche of the awarded PSU vested 6 months after the October Certification, and twenty-five percent (25%) of the shares subject to the advertiser tranche of the awarded PSU vested 12 months after the October Certification.