Christiansen Andrew 4
4 · Cardlytics, Inc. · Filed Nov 3, 2022
Insider Transaction Report
Form 4
Cardlytics, Inc.CDLX
Christiansen Andrew
Chief Financial Officer
Transactions
- Exercise/Conversion
Performance Stock Unit
2022-10-06−1,875→ 0 total→ Common Stock (1,875 underlying) - Exercise/Conversion
Common Stock
2022-10-06+1,875→ 22,715 total
Footnotes (3)
- [F1]Represents the underlying vested shares of common stock of the Issuer which have not been delivered.
- [F2]Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's Common Stock.
- [F3]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.