Parsadoust Ali 4
4 · Babylon Holdings Ltd · Filed Mar 17, 2023
Insider Transaction Report
Form 4
Parsadoust Ali
DirectorChief Executive Officer10% Owner
Transactions
- Tax Payment
Class A ordinary shares
2023-03-15$6.86/sh−12,728$87,314→ 147,272 total - Exercise/Conversion
Class A ordinary shares
2023-03-15+130→ 633 total(indirect: By Spouse) - Tax Payment
Class A ordinary shares
2023-03-15$6.86/sh−291$1,996→ 342 total(indirect: By Spouse) - Exercise/Conversion
Restricted share units
2023-03-15−130→ 1,958 total(indirect: By Spouse)→ Class A ordinary shares (130 underlying)
Footnotes (3)
- [F1]Exempt transaction pursuant to Rule 16b-3(e) payment of tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued. All of the shares reported as disposed of on this line were relinquished by the Reporting person and cancelled by the issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting person resulting from the vesting of the restricted share award and RSUs.
- [F2]The Class A ordinary shares reported were issued upon settlement of the restricted share units ("RSUs"), each representing a contingent right to receive one Class A ordinary share.
- [F3]The RSUs were awarded under the Babylon Holdings Limited 2021 Equity Incentive Plan and are made up of three separate awards. The first award for 497 Class A ordinary shares vests on March 14, 2025. The second award for 1,360 Class A ordinary shares vests in equal quarterly installments beginning February 1, 2023. The third award for 231 Class A ordinary shares vests in equal quarterly installments beginning March 14, 2023. Vested RSUs will be settled in shares or cash as soon as administratively practicable after vesting, but in no event more than 60 days after the RSUs' vesting date.