Form 4 for ZDGE Zedge, Inc.
Accepted 2022-09-15 00:00:00 ET · period of report 2022-09-07 · accession 0001209191-22-050053 · 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 | 2022-09-15 | 2022-09-07 | ZDGE | JONAS MICHAEL C | Executive COB, Dir, 10% | M - OptEx | — | +2,175 | 1.34M | +0.2% | — |
| D | 2022-09-15 | 2022-09-07 | ZDGE | JONAS MICHAEL C | Executive COB, Dir, 10% | M - OptEx | $0.00 | -2,175 | 26.8K | -8% | $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 B Common Stock, par value $.01 per share | 2022-09-07 | M | A | 2,175 | — | 1,339,898 | D | — | — | (F1) Deferred Stock Units, or DSUs, convert into shares of Class B Common Stock on a one-for-one basis. (F2) Includes 471 unvested restricted shares that vest on November 7, 2022; 61,728 unvested restricted shares that vest as follows: 30,864 on each of February 7, 2023 and February 7, 2024; and 2,175 shares issued upon the vesting of DSUs. |
| 2 | Derivative | Deferred Stock Units | 2022-09-07 | M | D | 2,175 | $0.00 | 26,825 | D | — · — to — | 2,175 Class B Common Stock | (F1) Deferred Stock Units, or DSUs, convert into shares of Class B Common Stock on a one-for-one basis. (F3) On September 7, 2021, the Reporting Person was granted 29,000 DSUs. THE DSU grant provided that vesting of 30% of the DSUs will be time-based as follows: 25% on September 7, 2022, 33% on September 7, 2023, and 42% on September 7, 2024. Vesting of the remaining 70% of the DSUs will be on the following dates in the following amounts only if the aggregate market capitalization of the Issuer's equity securities has reached or exceeded $451 million for five consecutive trading days between the grant date and the vest date: 25% on September 7, 2022, up to 58% (the prior 25% and an additional 33%) on September 7, 2023, and up to 100% on September 7, 2024. In the event the market capitalization condition has not been met prior to a vesting date, but is met by a subsequent vesting date, all DSUs eligible for vesting prior to that date shall vest. The market capitalization condition was not met for the vest that was to occur on September 7, 2022. |