Form 4 for GPGI GPGI, Inc.
Accepted 2023-05-19 00:00:00 ET · period of report 2023-05-17 · accession 0001104659-23-062788 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-05-19 | 2023-05-17 | GPGI | Fitzsimmons Timothy Walter | CFO | S - Sale+OE | $7.44 | -100.0K | 513.8K | -16% | -$744.1K |
| D | 2023-05-19 | 2023-05-17 | GPGI | Fitzsimmons Timothy Walter | CFO | M - OptEx | $0.01 | +100.0K | 513.9K | +24% | +$1,000 |
| D | 2023-05-19 | 2023-05-17 | GPGI | Fitzsimmons Timothy Walter | CFO | M - OptEx | $0.00 | -100.0K | 565.6K | -15% | $0 |
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 | Class A Common Stock | 2023-05-17 | S | D | 30,000 | $7.45 | 458,806 | D | — | — | (F2) Reflects the weighted average price of the sale of 30,000 shares of Class A Common Stock on May 17, 2023. The shares were sold in multiple transactions at prices ranging from $7.40 to 7.49, inclusive. |
| 2 | Common | Class A Common Stock | 2023-05-17 | S | D | 25,000 | $7.46 | 488,806 | D | — | — | (F1) Reflects the weighted average price of the sale of 25,000 shares of Class A Common Stock on May 17, 2023. The shares were sold in multiple transactions at prices ranging from $7.40 to 7.54, inclusive. |
| 3 | Common | Class A Common Stock | 2023-05-17 | S | D | 29,900 | $7.42 | 428,906 | D | — | — | (F3) Reflects the weighted average price of the sale of 29,900 shares of Class A Common Stock on May 17, 2023. The shares were sold in multiple transactions at prices ranging from $7.40 to 7.49, inclusive. |
| 4 | Common | Class A Common Stock | 2023-05-17 | S | D | 15,000 | $7.43 | 413,906 | D | — | — | (F4) Reflects the weighted average price of the sale of 15,000 shares of Class A Common Stock on May 17, 2023. The shares were sold in multiple transactions at prices ranging from $7.39 to 7.4869, inclusive. (F5) Includes (i) 91,683 restricted stock units ("RSUs"), which will vest ratably over three years, with 33% of the award vesting on each of January 1, 2024, January 1, 2025 and January 1, 2026, respectively, subject to the reporting person's continued service as of the applicable vesting date and that will be settled into Class A Common Stock upon vesting, (ii) 91, 683 performance-vesting RSUs, which will vest over the applicable performance period based on the achievement of the provided performance targets, as set forth in the governing award agreement, subject to the reporting person's continued service as of the applicable vesting date and that will be settled into Class A Common Stock upon vesting, (F6) (iii) 187,500 unvested RSUs originally granted on March 16, 2022 in the aggregate amount of 250,000 RSUs, for which the remaining 187,500 RSUs will continue to vest ratably on each of January 1, 2024, January 1, 2025 and January 1, 2026, respectively, subject to the reporting person's continued service as of the applicable vesting date and (iv) 43,040 shares of Class A Common Stock owned directly by the reporting person. |
| 5 | Common | Class A Common Stock | 2023-05-17 | S | D | 100 | $7.50 | 513,806 | D | — | — | |
| 6 | Common | Class A Common Stock | 2023-05-17 | M | A | 100,000 | $0.01 | 513,906 | D | — | — | |
| 7 | Derivative | Stock Option (Right to Buy) | 2023-05-17 | M | D | 100,000 | $0.00 | 565,566 | D | $0.01 · — to 2025-05-10 | 100,000 Class A Common Stock | (F7) The stock option vested 60% on the fourth anniversary of the grant date and the remaining 40% vested on the fifth anniversary of the grant date. |