4//SEC Filing
Fisch Matthew 4
Accession 0001807992-23-000005
CIK 0001818644other
Filed
Feb 14, 7:00 PM ET
Accepted
Feb 15, 5:39 PM ET
Size
10.3 KB
Accession
0001807992-23-000005
Insider Transaction Report
Form 4
AEye, Inc.LIDR
Fisch Matthew
DirectorCEO
Transactions
- Award
Common Stock
2023-02-13+5,000,000→ 5,000,000 total - Award
Common Stock
2023-02-13+2,000,000→ 7,000,000 total
Footnotes (2)
- [F1]Represents restricted stock units which convert into common stock on a one-for-one basis at vesting. The Reporting Person received an incentive award of 5,000,000 service-based restricted stock units ("RSUs") which will vest as follows: 500,000 on March 15, 2023, 1,125,000 on February 15, 2024, and then in equal quarterly installments over the next twelve (12) calendar quarters on the 15th day of the second month of each calendar quarter.
- [F2]Represents restricted stock units which convert into common stock on a one-for-one basis at vesting. The Reporting Person received a performance based award of 2,000,000 RSUs, which will vest quarterly over six (6) calendar quarters on the 15th day of the second month of each calendar quarter following the satisfaction of the Performance Condition (defined below). The Performance Condition will be satisfied if the closing price of the Company's common stock, as reported by NASDAQ (or other recognized national exchange on which the Company's common stock is then traded), meets or exceeds $1.20 per share (adjusted for any stock splits or other corporate actions) for any ten (10) consecutive trading days prior to March 1, 2024 (the "Performance Condition"). If the Performance Condition is not satisfied, the performance based RSUs will be forfeited.
Issuer
AEye, Inc.
CIK 0001818644
Entity typeother
Related Parties
1- filerCIK 0001807992
Filing Metadata
- Form type
- 4
- Filed
- Feb 14, 7:00 PM ET
- Accepted
- Feb 15, 5:39 PM ET
- Size
- 10.3 KB