Form 4 for CURI CuriosityStream Inc.

Accepted 2023-08-01 00:00:00 ET · period of report 2023-07-28 · accession 0000950170-23-036418 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2023-08-01	2023-07-28	CURI	Cudahy Theresa Ellen	COO, Gen Counsel, Sec	F - Tax	$1.05	-19	39.4K	-0.0%	-$19.95
DM	2023-08-01	2023-07-28	CURI	Cudahy Theresa Ellen	COO, Gen Counsel, Sec	D - Sale to Iss	—	-608.7K	0	-100%	—
DM	2023-08-01	2023-07-28	CURI	Cudahy Theresa Ellen	COO, Gen Counsel, Sec	A - Grant	—	+182.5K	56.7K	New	—

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2023-07-28	F	D	19	$1.05	39,371	D	—	—
2	Derivative	Stock Options (right to buy)	2023-07-28	D	D	13,824	—	0	D	$11.60 · — to —	13,824 Common Stock	(F1) Pursuant to the Company's cancellation of certain "underwater" stock options granted to employees and executive officers and replacement thereof with restricted stock units ("RSUs") (the "Option Cancellation and Exchange"), on July 28, 2023, the Compensation Committee of the Board of Directors of the Company approved the cancellation of Ms. Cudahy's options to purchase 608,676 shares of common stock, granted under the Company's 2020 Omnibus Incentive Plan (the "Plan"), and granted Ms. Cudahy RSUs of approximately equal fair value of the cancelled stock options, valued as of July 14, 2023. (F7) Includes unvested option to purchase 7,488 shares of the Company's common stock, which would have vested ratably every three months until July 20, 2025.
3	Derivative	Stock Options (right to buy)	2023-07-28	D	D	92,375	—	0	D	$5.93 · — to —	92,375 Common Stock	(F1) Pursuant to the Company's cancellation of certain "underwater" stock options granted to employees and executive officers and replacement thereof with restricted stock units ("RSUs") (the "Option Cancellation and Exchange"), on July 28, 2023, the Compensation Committee of the Board of Directors of the Company approved the cancellation of Ms. Cudahy's options to purchase 608,676 shares of common stock, granted under the Company's 2020 Omnibus Incentive Plan (the "Plan"), and granted Ms. Cudahy RSUs of approximately equal fair value of the cancelled stock options, valued as of July 14, 2023. (F8) Includes unvested option to purchase 92,375 shares of the Company's common stock, which would have vested on January 1, 2025.
4	Derivative	Stock Options (right to buy)	2023-07-28	D	D	152,358	—	0	D	$16.42 · — to —	152,358 Common Stock	(F1) Pursuant to the Company's cancellation of certain "underwater" stock options granted to employees and executive officers and replacement thereof with restricted stock units ("RSUs") (the "Option Cancellation and Exchange"), on July 28, 2023, the Compensation Committee of the Board of Directors of the Company approved the cancellation of Ms. Cudahy's options to purchase 608,676 shares of common stock, granted under the Company's 2020 Omnibus Incentive Plan (the "Plan"), and granted Ms. Cudahy RSUs of approximately equal fair value of the cancelled stock options, valued as of July 14, 2023. (F5) Represents a fully vested option award.
5	Derivative	Stock Options (right to buy)	2023-07-28	D	D	6,122	—	0	D	$14.70 · — to —	6,122 Common Stock	(F1) Pursuant to the Company's cancellation of certain "underwater" stock options granted to employees and executive officers and replacement thereof with restricted stock units ("RSUs") (the "Option Cancellation and Exchange"), on July 28, 2023, the Compensation Committee of the Board of Directors of the Company approved the cancellation of Ms. Cudahy's options to purchase 608,676 shares of common stock, granted under the Company's 2020 Omnibus Incentive Plan (the "Plan"), and granted Ms. Cudahy RSUs of approximately equal fair value of the cancelled stock options, valued as of July 14, 2023. (F6) Includes unvested option to purchase 2,678 shares of the Company's common stock, which would have vested ratably every three months until April 30, 2025.
6	Derivative	Restricted Stock Units	2023-07-28	A	A	125,778	—	125,778	D	— · — to —	125,778 Common Stock	(F1) Pursuant to the Company's cancellation of certain "underwater" stock options granted to employees and executive officers and replacement thereof with restricted stock units ("RSUs") (the "Option Cancellation and Exchange"), on July 28, 2023, the Compensation Committee of the Board of Directors of the Company approved the cancellation of Ms. Cudahy's options to purchase 608,676 shares of common stock, granted under the Company's 2020 Omnibus Incentive Plan (the "Plan"), and granted Ms. Cudahy RSUs of approximately equal fair value of the cancelled stock options, valued as of July 14, 2023. (F2) On July 28, 2023, pursuant to the Option Cancellation and Exchange, in exchange for Ms. Cudahy's fully vested cancelled stock options, the Company granted Ms. Cudahy 125,778 RSUs under the Plan. Each RSU represents a contingent right to receive one share of common stock. The RSUs granted will vest on July 28, 2024.
7	Derivative	Restricted Stock Units	2023-07-28	A	A	56,679	—	56,679	D	— · — to —	56,679 Common Stock	(F1) Pursuant to the Company's cancellation of certain "underwater" stock options granted to employees and executive officers and replacement thereof with restricted stock units ("RSUs") (the "Option Cancellation and Exchange"), on July 28, 2023, the Compensation Committee of the Board of Directors of the Company approved the cancellation of Ms. Cudahy's options to purchase 608,676 shares of common stock, granted under the Company's 2020 Omnibus Incentive Plan (the "Plan"), and granted Ms. Cudahy RSUs of approximately equal fair value of the cancelled stock options, valued as of July 14, 2023. (F3) On July 28, 2023, pursuant to the Option Cancellation and Exchange, in exchange for Ms. Cudahy's unvested cancelled stock options, the Company granted Ms. Cudahy 56,679 RSUs under the Plan. Each RSU represents a contingent right to receive one share of common stock. The RSUs granted will vest as follows: 7,902 shares on August 2, 2023; 1,406 shares in equal increments every third month beginning September 25, 2023 through March 25, 2025; 2,815 shares in equal increments every month beginning July 20, 2023 through September 20, 2025; and 44,556 shares on January 1, 2025.
8	Derivative	Stock Options (right to buy)	2023-07-28	D	D	78,899	—	0	D	$4.20 · — to —	78,899 Common Stock	(F1) Pursuant to the Company's cancellation of certain "underwater" stock options granted to employees and executive officers and replacement thereof with restricted stock units ("RSUs") (the "Option Cancellation and Exchange"), on July 28, 2023, the Compensation Committee of the Board of Directors of the Company approved the cancellation of Ms. Cudahy's options to purchase 608,676 shares of common stock, granted under the Company's 2020 Omnibus Incentive Plan (the "Plan"), and granted Ms. Cudahy RSUs of approximately equal fair value of the cancelled stock options, valued as of July 14, 2023. (F4) Includes unvested option to purchase 19,725 shares of the Company's common stock, which would have vested on August 2, 2023.
9	Derivative	Stock Options (right to buy)	2023-07-28	D	D	265,098	—	0	D	$4.04 · — to —	265,098 Common Stock	(F1) Pursuant to the Company's cancellation of certain "underwater" stock options granted to employees and executive officers and replacement thereof with restricted stock units ("RSUs") (the "Option Cancellation and Exchange"), on July 28, 2023, the Compensation Committee of the Board of Directors of the Company approved the cancellation of Ms. Cudahy's options to purchase 608,676 shares of common stock, granted under the Company's 2020 Omnibus Incentive Plan (the "Plan"), and granted Ms. Cudahy RSUs of approximately equal fair value of the cancelled stock options, valued as of July 14, 2023. (F5) Represents a fully vested option award.