Form 4 for CDLX Cardlytics, Inc.
Accepted 2021-10-06 00:00:00 ET · period of report 2021-10-06 · accession 0001666071-21-000194 · 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 | 2021-10-06 | 2021-10-06 | CDLX | Christiansen Andrew | CFO | M - OptEx | — | +3,750 | 13.9K | +37% | — |
| D | 2021-10-06 | 2021-10-06 | CDLX | Christiansen Andrew | CFO | A - Grant | $0.00 | +7,500 | 7,500 | New | $0 |
| D | 2021-10-06 | 2021-10-06 | CDLX | Christiansen Andrew | CFO | M - OptEx | $0.00 | -3,750 | 3,750 | -50% | $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 | 2021-10-06 | M | A | 3,750 | — | 13,877 | D | — | — | (F1) Represents the underlying vested shares of common stock of the Issuer which have not been delivered. (F2) Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's Common Stock. |
| 2 | Derivative | Performance Stock Unit | 2021-10-06 | A | A | 7,500 | $0.00 | 7,500 | D | — · — to — | 7,500 Common Stock | (F2) Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's Common Stock. (F3) On October 6, 2021 the Compensation Committee of the Issuer's Board of Directors certified that a target minimum number of advertisers with a specified billings threshold over a trailing 12-month period was achieved (the "Certification") resulting in the award of the tranche of the PSU grant related to achieving the advertiser count target ("advertiser tranche"). Fifty percent (50%) of the shares subject to the advertiser tranche of the awarded PSU vested upon the Certification, twenty-five percent (25%) of the shares subject to the advertiser tranche of the awarded PSU will vest 6 months after the Certification, and twenty-five percent (25%) of the shares subject to the advertiser tranche of the awarded PSU will vest 12 months after the Certification, subject to continued service to the Issuer. |
| 3 | Derivative | Performance Stock Unit | 2021-10-06 | M | D | 3,750 | $0.00 | 3,750 | D | — · — to — | 3,750 Common Stock | (F2) Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's Common Stock. (F3) On October 6, 2021 the Compensation Committee of the Issuer's Board of Directors certified that a target minimum number of advertisers with a specified billings threshold over a trailing 12-month period was achieved (the "Certification") resulting in the award of the tranche of the PSU grant related to achieving the advertiser count target ("advertiser tranche"). Fifty percent (50%) of the shares subject to the advertiser tranche of the awarded PSU vested upon the Certification, twenty-five percent (25%) of the shares subject to the advertiser tranche of the awarded PSU will vest 6 months after the Certification, and twenty-five percent (25%) of the shares subject to the advertiser tranche of the awarded PSU will vest 12 months after the Certification, subject to continued service to the Issuer. |