Form 4 for STKS ONE Group Hospitality, Inc.
Accepted 2022-09-07 00:00:00 ET · period of report 2022-09-02 · accession 0001415889-22-009433 · 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 | 2022-09-07 | 2022-09-02 | STKS | HILARIO EMANUEL N | Pres AND CEO, Dir | A - Grant | $0.00 | +600.0K | 1.51M | +66% | $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 | 2022-09-02 | A | A | 500,000 | $0.00 | 2,007,486 | D | — | — | (F2) Represents a performance-based grant of 500,000 restricted stock units (RSUs) issued under the Issuer's 2019 Equity Incentive Plan pursuant to an Employment Agreement, by and between the Issuer and the Reporting Person, dated September 2, 2022. 125,000 RSUs may be earned in each of four consecutive 12-month periods beginning on August 31, 2022 based on attaining 15% year-over-year increases in the volume-weighted average price of the Company's stock over any consecutive 20 trading days (VWAP) in the period. The VWAP targets are $8.22, $9.46, $10.87 and $12.51 for the 12-month periods ending August 31, 2023, 2024, 2025 and 2026, respectively. Unearned RSUs will be earned if attainment levels are met for subsequent periods; RSUs may be earned in advance if VWAP for a future period is met and, if so, the earned RSUs convert to time-based RSUs that vest at the end of such future period. |
| 2 | Common | Common Stock | 2022-09-02 | A | A | 100,000 | $0.00 | 1,507,486 | D | — | — | (F1) Represents a grant of 100,000 restricted stock units (RSUs) issued under the Issuer's 2019 Equity Incentive Plan pursuant to an Amended and Restated Employment Agreement, by and between the Issuer and the Reporting Person, dated September 2, 2022. The RSUs shall vest in equal increments with 25,000 units vesting on each of August 31, 2023, August 31, 2024, August 31, 2025 and August 31, 2026. |