Form 4 for TIPT TIPTREE INC.
Accepted 2024-10-21 00:00:00 ET · period of report 2024-10-18 · accession 0001393726-24-000092 · 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 | 2024-10-21 | 2024-10-18 | TIPT | McKinney Scott T. | CFO | M - OptEx | — | +50.0K | 105.2K | +91% | — |
| D | 2024-10-21 | 2024-10-18 | TIPT | McKinney Scott T. | CFO | F - Tax | $20.95 | -23.0K | 82.2K | -22% | -$482.0K |
| D | 2024-10-21 | 2024-10-18 | TIPT | McKinney Scott T. | CFO | M - OptEx | $0.00 | -50.0K | 300.0K | -14% | $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 | 2024-10-18 | M | A | 50,000 | — | 105,194 | D | — | — | (F1) The acquisition of the common stock resulted from the vesting of an equal number of performance restricted stock units ("PRSUs") upon achieving the $20 Tiptree Inc. ("Tiptree") share price target milestone (adjusted for dividends paid). |
| 2 | Common | Common Stock | 2024-10-18 | F | D | 23,008 | $20.95 | 82,186 | D | — | — | (F2) Shares withheld to satisfy the Reporting Person's withholding tax liability upon vesting of the 2021 PRSUs. |
| 3 | Derivative | Performance Restricted Stock Units 2021 | 2024-10-18 | M | D | 50,000 | $0.00 | 300,000 | D | — · — to — | 50,000 Common Stock | (F3) These PRSUs were granted to the Reporting Person on October 14, 2022. The PRSUs will vest upon Tiptree achieving each of three Tiptree share price target milestones, based on the average of the thirty (30) trading day closing stock price, ranging from $30 to $60 (adjusted for dividends paid) prior to August 4, 2031, subject to the Reporting Person's continued employment with Tiptree. Each PRSU represents a contingent right to receive one share of Tiptree common stock. Any unvested PRSUs shall expire on August 4, 2031. |