Form 4 for CDLX Cardlytics, Inc.
Accepted 2022-11-03 00:00:00 ET · period of report 2022-10-01 · accession 0001666071-22-000135 · 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 | 2022-11-03 | 2022-10-01+ | CDLX | Lynton Nicholas Hollmeyer | Chief Legal, Privacy Off | M - OptEx | $0.00 | +1,665 | 8,657 | +24% | $0 |
| DM | 2022-11-03 | 2022-10-01+ | CDLX | Lynton Nicholas Hollmeyer | Chief Legal, Privacy Off | M - OptEx | $0.00 | -1,665 | 0 | -100% | $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 | 2022-10-01 | M | A | 415 | $0.00 | 7,407 | D | — | — | (F1) Represents the underlying vested shares of common stock of the Issuer which have not been delivered. |
| 2 | Common | Common Stock | 2022-10-06 | M | A | 1,250 | $0.00 | 8,657 | D | — | — | (F1) Represents the underlying vested shares of common stock of the Issuer which have not been delivered. |
| 3 | Derivative | Restricted Stock Unit | 2022-10-01 | M | D | 415 | $0.00 | 415 | D | — · — to — | 415 Common Stock | (F2) Each restricted stock unit ("RSU") and performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's Common Stock. (F3) Fifty percent (50%) of the shares under this award vested on October 1, 2022, and fifty percent (50%) of this award vest on October 1, 2023, provided the Reporting Person continuously provides service to the Issuer through the vesting date. |
| 4 | Derivative | Performance Stock Unit | 2022-10-06 | M | D | 1,250 | $0.00 | 0 | D | — · — to — | 1,250 Common Stock | (F2) Each restricted stock unit ("RSU") and performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's Common Stock. (F4) 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 "October 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 October Certification, twenty-five percent (25%) of the shares subject to the advertiser tranche of the awarded PSU vested 6 months after the October Certification, and twenty-five percent (25%) of the shares subject to the advertiser tranche of the awarded PSU vested 12 months after the October Certification. |