Form 4 for TIPT TIPTREE INC.
Accepted 2021-11-22 00:00:00 ET · period of report 2021-11-22 · accession 0001393726-21-000119 · 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 | 2021-11-22 | 2021-11-22 | TIPT | Barnes Michael Gene | Executive COB, Dir, 10% | M - OptEx | — | +100.0K | 8.72M | +1% | — |
| D | 2021-11-22 | 2021-11-22 | TIPT | Barnes Michael Gene | Executive COB, Dir, 10% | M - OptEx | $0.00 | -100.0K | 1.40M | -7% | $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 | Common Stock | 2021-11-22 | M | A | 100,000 | — | 8,722,949 | D | — | — | (F1) The acquisition of the common stock resulted from the vesting of an equal number of performance restricted stock units ("PRSUs") granted on August 4, 2021. Each PRSU represents a contingent right to receive one share of Tiptree Inc. ("Tiptree") common stock. |
| 2 | Derivative | Performance Restricted Stock Units | 2021-11-22 | M | D | 100,000 | $0.00 | 1,400,000 | D | — · — to — | 100,000 Common Stock | (F2) The PRSUs will vest upon Tiptree achieving each of five Tiptree share price target milestones, based on the average of the thirty (30) trading day closing stock price, ranging from $15 to $60 (adjusted for dividends paid) prior to the tenth anniversary of the date of grant, subject to the Reporting Person's continued employment with Tiptree. Any unvested PRSUs shall expire on August 4, 2031. |