Form 4 for CDLX Cardlytics, Inc.
Accepted 2023-07-05 00:00:00 ET · period of report 2023-07-01 · accession 0001666071-23-000085 · 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 | 2023-07-05 | 2023-07-03 | CDLX | Lynton Nicholas Hollmeyer | Chief Legal, Privacy Off | S - Sale+OE | $6.13 | -9,906 | 42.1K | -19% | -$60.7K |
| DM | 2023-07-05 | 2023-07-01 | CDLX | Lynton Nicholas Hollmeyer | Chief Legal, Privacy Off | M - OptEx | $0.00 | +31.9K | 52.0K | +158% | $0 |
| DM | 2023-07-05 | 2023-07-01 | CDLX | Lynton Nicholas Hollmeyer | Chief Legal, Privacy Off | M - OptEx | $0.00 | -31.9K | 18.9K | -63% | $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 | 2023-07-03 | S | D | 9,906 | $6.13 | 42,108 | D | — | — | (F2) Shares sold to satisfy withholding tax obligations upon the delivery of shares of common stock for restricted stock units ("RSUs") that vested on July 1, 2023. (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.98 to $6.48 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 receipt, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| 2 | Common | Common Stock | 2023-07-01 | M | A | 581 | $0.00 | 45,703 | D | — | — | (F1) Represents the underlying vested shares of common stock of the Issuer which have not been delivered. |
| 3 | Common | Common Stock | 2023-07-01 | M | A | 25,000 | $0.00 | 45,122 | D | — | — | (F1) Represents the underlying vested shares of common stock of the Issuer which have not been delivered. |
| 4 | Common | Common Stock | 2023-07-01 | M | A | 6,311 | $0.00 | 52,014 | D | — | — | (F1) Represents the underlying vested shares of common stock of the Issuer which have not been delivered. |
| 5 | Derivative | Restricted Stock Unit | 2023-07-01 | M | D | 25,000 | $0.00 | 75,000 | D | — · — to — | 25,000 Common Stock | (F4) Each 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) 25% of the RSUs shall vest on each of July 1, 2023, October 1, 2023, January 1, 2024 and April 1, 2024, respectively, subject to the Reporting Person's continuous service with the Issuer through each applicable vesting date. |
| 6 | Derivative | Restricted Stock Unit | 2023-07-01 | M | D | 581 | $0.00 | 6,394 | D | — · — to — | 581 Common Stock | (F7) This number of RSUs granted was previously incorrectly reported this represents the correct number of RSUs remaining. (F8) This grant was previously incorrectly reported as a performance stock unit. (F4) Each 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. (F6) Twenty-five percent (25%) of the shares under this award vest on April 1, 2023, with the remaining 75% vesting quarterly over the subsequent three years in equal amounts thereafter provided the Reporting Person continuously provides service to the Issuer through the vesting date. |
| 7 | Derivative | Restricted Stock Unit | 2023-07-01 | M | D | 6,311 | $0.00 | 18,936 | D | — · — to — | 6,311 Common Stock | (F7) This number of RSUs granted was previously incorrectly reported this represents the correct number of RSUs remaining. (F8) This grant was previously incorrectly reported as a performance stock unit. (F9) Each restricted stock unit ("RSU") and performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's Common Stock. (F10) Twenty-five percent (25%) of the shares under this award vest on July 1, 2023, with the remaining 75% vesting quarterly over the subsequent three years in equal amounts thereafter provided the Reporting Person continuously provides service to the Issuer through the vesting date. |