Form 4 for CDLX Cardlytics, Inc.
Accepted 2022-04-07 00:00:00 ET · period of report 2022-04-05 · accession 0001666071-22-000037 · 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 | 2022-04-07 | 2022-04-05+ | CDLX | Christiansen Andrew | CFO | M - OptEx | $0.00 | +5,283 | 27.2K | +24% | $0 |
| DM | 2022-04-07 | 2022-04-05+ | CDLX | Christiansen Andrew | CFO | M - OptEx | $0.00 | -5,283 | 10.2K | -34% | $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 | 2022-04-06 | M | A | 1,875 | $0.00 | 29,083 | D | — | — | (F1) Represents the underlying vested shares of common stock of the Issuer which have not been delivered. |
| 2 | Common | Common Stock | 2022-04-05 | M | A | 3,408 | $0.00 | 27,208 | D | — | — | (F1) Represents the underlying vested shares of common stock of the Issuer which have not been delivered. |
| 3 | Derivative | Performance Stock Unit | 2022-04-06 | M | D | 1,875 | $0.00 | 1,875 | D | — · — to — | 1,875 Common Stock | (F4) Each performance stock unit ("PSU") represents a contingent right to receive one share of common stock of the Issuer, or at the election of the Issuer, its cash equivalent. (F5) 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 vested 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. |
| 4 | Derivative | Restricted Stock Unit | 2022-04-05 | M | D | 3,408 | $0.00 | 10,227 | D | — · — to — | 3,408 Common Stock | (F2) Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of the Issuer, or at the election of the Issuer, its cash equivalent. (F3) The RSUs shall vest in equal amounts annually over four years on the anniversary of the date of grant, provided that the Reporting Person remains employed by the Issuer on such vesting date. |