Detwiler Kyle 4
4 · Clever Leaves Holdings Inc. · Filed Jul 2, 2021
Insider Transaction Report
Form 4
Detwiler Kyle
DirectorChief Executive Officer
Transactions
- Award
Common shares
2021-07-01+29,378→ 2,199,161 total - Award
Restricted Share Units
2021-07-01+29,378→ 29,378 totalExp: 2025-07-01→ Common shares (29,378 underlying)
Holdings
- 236,243(indirect: By LLC)
Common shares
Footnotes (3)
- [F1]Each restricted share unit represents the contingent right to receive one common share of the Issuer.
- [F2]The restricted share units will vest in four equal annual installments commencing on the first anniversary of the grant date, subject to the Reporting Person's continuous service with the Issuer through the relevant vesting dates.
- [F3]The restricted share units vest when they have both time-vested and performance-vested, subject to the Reporting Person's continuous service with the Issuer through the relevant vesting dates. The restricted share units will (i) time-vest in four annual installments as follows: 10% on July 1, 2022; 20% on July 1, 2023; 30% on July 1, 2024; and 40% on July 1, 2025, and (ii) performance-vest based on the achievement of certain share price performance conditions on or prior to December 18, 2024.