Lee Timothy E 4
4 · Wejo Group Ltd · Filed Apr 5, 2023
Insider Transaction Report
Form 4
Wejo Group LtdWEJO
Lee Timothy E
Director
Transactions
- Award
Common Shares
2023-04-04$0.44/sh+82,636$36,500→ 3,568,150 total - Exercise/Conversion
Common Shares
2022-11-19+469,751→ 3,485,514 total - Exercise/Conversion
Restricted Share Unit
2022-11-19−469,751→ 469,751 totalExercise: $0.00→ Common Shares (469,751 underlying)
Holdings
- 107,634(indirect: By LLC)
Common Shares
Footnotes (2)
- [F1]Represents Common Shares issued on the settling of vested restricted share units ("RSUs") awarded to the Reporting Person on November 19, 2021. Under the terms of the applicable award agreement, 50% of the RSUs settle on each of November 19, 2022 and November 19, 2023, with the form of such payment being made 60% in Common Shares and 40% in cash, or such other mix of Common Shares and cash as determined in the discretion of the Company's Compensation Committee, as provided by the terms of the applicable award agreement. On November 17, 2022, the Compensation Committee resolved to settle the first 50% of the RSUs 100% in Common Shares.
- [F2]Represents fully vested Common Shares issued in payment of the Reporting Person's retainer fees for Board and Committee service for the quarters ended September 30, 2022 and December 31, 2022 in the aggregate amount of $36,500 in lieu of cash under the Company's temporary Board retainer payment program, which was approved by the Company's Board of Directors on October 14, 2022.