Form 4 for CDLX Cardlytics, Inc.
Accepted 2023-10-03 00:00:00 ET · period of report 2023-10-01 · accession 0001666071-23-000138 · 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 | 2023-10-03 | 2023-10-01 | CDLX | Temsamani Karim Saad | CEO, Dir | M - OptEx | — | +50.0K | 243.8K | +26% | — |
| DM | 2023-10-03 | 2023-10-02 | CDLX | Temsamani Karim Saad | CEO, Dir | S - Sale+OE | $14.31 | -28.6K | 228.3K | -11% | -$409.0K |
| D | 2023-10-03 | 2023-10-01 | CDLX | Temsamani Karim Saad | CEO, Dir | M - OptEx | $0.00 | -50.0K | 100.0K | -33% | $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 | 2023-10-01 | M | A | 50,000 | — | 243,768 | D | — | — | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of the Issuer. |
| 2 | Common | Common Stock | 2023-10-02 | S | D | 106 | $16.35 | 215,192 | D | — | — | (F2) Shares sold to satisfy withholding tax obligations upon the delivery of shares of common stock for RSUs that vested on October 1, 2023. |
| 3 | Common | Common Stock | 2023-10-02 | S | D | 4,708 | $15.70 | 215,298 | D | — | — | (F2) Shares sold to satisfy withholding tax obligations upon the delivery of shares of common stock for RSUs that vested on October 1, 2023. (F5) The price reported is a weighted average sales price. These shares were sold in multiple transactions at prices ranging from $15.275 to $16.23, inclusive. |
| 4 | Common | Common Stock | 2023-10-02 | S | D | 8,299 | $14.92 | 220,006 | D | — | — | (F2) Shares sold to satisfy withholding tax obligations upon the delivery of shares of common stock for RSUs that vested on October 1, 2023. (F4) The price reported is a weighted average sales price. These shares were sold in multiple transactions at prices ranging from $14.27 to $15.265, inclusive. |
| 5 | Common | Common Stock | 2023-10-02 | S | D | 15,463 | $13.55 | 228,305 | D | — | — | (F2) Shares sold to satisfy withholding tax obligations upon the delivery of shares of common stock for RSUs that vested on October 1, 2023. (F3) The price reported is a weighted average sales price. These shares were sold in multiple transactions at prices ranging from $13.21 to $14.20, 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 (3), (4) and (5) to this Form 4. |
| 6 | Derivative | Restricted Stock Units | 2023-10-01 | M | D | 50,000 | $0.00 | 100,000 | D | — · — to — | 50,000 Common Stock | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of the Issuer. (F6) This RSU award was originally for 200,000 shares. 25% of the RSU award vested on each of July 1, 2023 and October 1, 2023. An additional 25% of the RSU award shall vest on each of January 1, 2024 and April 1, 2024, respectively, subject to the Reporting Person's continuous service with the Issuer through each applicable vesting date. |