Form 4 for CDLX Cardlytics, Inc.
Accepted 2022-07-20 00:00:00 ET · period of report 2022-06-09 · accession 0001666071-22-000091 · 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 | 2022-07-20 | 2022-06-09 | CDLX | Christiansen Andrew | CFO | M - OptEx | $0.00 | +1,875 | 21.1K | +10% | $0 |
| D | 2022-07-20 | 2022-07-18 | CDLX | Christiansen Andrew | CFO | A - Grant | $0.00 | +30.1K | 30.1K | New | $0 |
| D | 2022-07-20 | 2022-06-09 | CDLX | Christiansen Andrew | CFO | M - OptEx | $0.00 | -1,875 | 1,875 | -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 | 2022-06-09 | M | A | 1,875 | $0.00 | 21,138 | D | — | — | (F1) Represents the underlying vested shares of common stock of the Issuer which have not been delivered. |
| 2 | Derivative | Restricted Stock Units | 2022-07-18 | A | A | 30,147 | $0.00 | 30,147 | D | — · — to — | 30,147 Common Stock | (F4) 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. (F5) The RSUs shall vest in full on the anniversary of the date of grant, provided that the Reporting Person remains employed by the Issuer on such vesting date. |
| 3 | Derivative | Performance Stock Unit | 2022-06-09 | M | D | 1,875 | $0.00 | 1,875 | D | — · — to — | 1,875 Common Stock | (F2) Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's Common Stock. (F3) 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 vested 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. |