Form 4 for GPGI GPGI, Inc.
Accepted 2024-03-19 00:00:00 ET · period of report 2024-03-15 · accession 0001104659-24-036367 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2024-03-19 | 2024-03-15 | GPGI | Lowe Adam Joseph | Chief Product, Innov. Off | A - Grant | $5.19 | +443.5K | 1.18M | +60% | +$2.30M |
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 | 2024-03-15 | A | A | 221,773 | $5.19 | 956,924 | D | — | — | (F1) These shares represent restricted stock units ("RSUs"), which will vest ratably over three years, with 33% of the award vesting on each of January 1, 2025, January 1, 2026 and January 1, 2027, 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. (F3) Includes (A) the RSUs described in footnote (1) above, (B) 216,858 shares of Class A Common Stock owned by the reporting person, (C) 300,000 shares of Class A Common Stock underlying the 2022 Unvested Time-Vesting RSUs, (D) 87,317 shares of Class A Common Stock underlying the 2023 Unvested Time-Vesting RSUs, and (E) 130,976 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. The RSUs will be settled into Class A Common Stock upon vesting and may be settled net of shares withheld to pay applicable taxes. |
| 2 | Common | Class A Common Stock | 2024-03-15 | A | A | 221,773 | $5.19 | 1,178,697 | D | — | — | (F2) These shares represent 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. (F4) Includes (A) the RSUs described in footnotes (1) and (2) above, (B) 216,858 shares of Class A Common Stock owned by the reporting person, (C) 300,000 shares of Class A Common Stock underlying the 2022 Unvested Time-Vesting RSUs, (D) 87,317 shares of Class A Common Stock underlying the 2023 Unvested Time-Vesting RSUs, and (E) 130,976 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. The RSUs will be settled into Class A Common Stock upon vesting and may be settled net of shares withheld to pay applicable taxes. |