Form 4 for CDLX Cardlytics, Inc.
Accepted 2021-12-13 00:00:00 ET · period of report 2021-12-09 · accession 0001666071-21-000239 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2021-12-13 | 2021-12-10 | CDLX | Laube Lynne Marie | CEO, Dir | S - Sale+OE | $68.34 | -13.1K | 347.0K | -4% | -$893.6K |
| D | 2021-12-13 | 2021-12-09 | CDLX | Laube Lynne Marie | CEO, Dir | M - OptEx | $0.00 | +28.1K | 351.6K | +9% | $0 |
| D | 2021-12-13 | 2021-12-09 | CDLX | Laube Lynne Marie | CEO, Dir | M - OptEx | $0.00 | -28.1K | 28.1K | -50% | $0 |
| D | 2021-12-13 | 2021-12-09 | CDLX | Laube Lynne Marie | CEO, Dir | A - Grant | $0.00 | +56.2K | 56.2K | New | $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 | 2021-12-10 | S | D | 7,432 | $68.63 | 339,617 | D | — | — | (F5) The price reported is a weighted average sales price. These shares were sold in multiple transactions at prices ranging from $68.11 to $69.10, inclusive. |
| 2 | Common | Common Stock | 2021-12-10 | S | D | 1,100 | $69.36 | 338,517 | D | — | — | (F6) The price reported is a weighted average sales price. These shares were sold in multiple transactions at prices ranging from $69.11 to $69.66, inclusive. |
| 3 | Common | Common Stock | 2021-12-10 | S | D | 4,544 | $67.62 | 347,049 | D | — | — | (F4) The price reported is a weighted average sales price. These shares were sold in multiple transactions at prices ranging from $67.11 to $68.10, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (4), (5) and (6) to this Form 4. |
| 4 | Common | Common Stock | 2021-12-09 | M | A | 28,125 | $0.00 | 351,593 | D | — | — | (F1) Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's Common Stock. (F2) Includes 1 share of Common Stock acquired under the Issuer's Employee Stock Purchase Plan. |
| 5 | Derivative | Performance Stock Unit | 2021-12-09 | M | D | 28,125 | $0.00 | 28,125 | D | — · — to — | 28,125 Common Stock | (F1) Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's Common Stock. (F9) On December 9, 2021 the Compensation Committee of the Issuer's Board of Directors certified that a target minimum growth rate in adjusted contribution was achieved (the "Certification") resulting in the award of the tranche of the PSU grant related to achieving the adjusted contribution growth target ("adjusted contribution growth tranche"). Fifty percent (50%) of the shares subject to the adjusted contribution growth tranche of the awarded PSU vested upon the Certification, twenty-five percent (25%) of the shares subject to the adjusted contribution growth tranche of the awarded PSU will vest 6 months after the Certification, and twenty-five percent (25%) of the shares subject to the adjusted contribution growth tranche of the awarded PSU will vest 12 months after the Certification, subject to continued service to the Issuer. |
| 6 | Derivative | Performance Stock Unit | 2021-12-09 | A | A | 56,250 | $0.00 | 56,250 | D | — · — to — | 56,250 Common Stock | (F1) Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's Common Stock. (F9) On December 9, 2021 the Compensation Committee of the Issuer's Board of Directors certified that a target minimum growth rate in adjusted contribution was achieved (the "Certification") resulting in the award of the tranche of the PSU grant related to achieving the adjusted contribution growth target ("adjusted contribution growth tranche"). Fifty percent (50%) of the shares subject to the adjusted contribution growth tranche of the awarded PSU vested upon the Certification, twenty-five percent (25%) of the shares subject to the adjusted contribution growth tranche of the awarded PSU will vest 6 months after the Certification, and twenty-five percent (25%) of the shares subject to the adjusted contribution growth tranche of the awarded PSU will vest 12 months after the Certification, subject to continued service to the Issuer. |