Form 4 for LIDR AEye, Inc.
Accepted 2023-02-15 00:00:00 ET · period of report 2023-02-13 · accession 0001807992-23-000005 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2023-02-15 | 2023-02-13 | LIDR | Fisch Matthew | CEO, Dir | A - Grant | $0.00 | +7.00M | 5.00M | New | $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 | 2023-02-13 | A | A | 2,000,000 | $0.00 | 7,000,000 | D | — | — | (F2) Represents restricted stock units which convert into common stock on a one-for-one basis at vesting. The Reporting Person received a performance based award of 2,000,000 RSUs, which will vest quarterly over six (6) calendar quarters on the 15th day of the second month of each calendar quarter following the satisfaction of the Performance Condition (defined below). The Performance Condition will be satisfied if the closing price of the Company's common stock, as reported by NASDAQ (or other recognized national exchange on which the Company's common stock is then traded), meets or exceeds $1.20 per share (adjusted for any stock splits or other corporate actions) for any ten (10) consecutive trading days prior to March 1, 2024 (the "Performance Condition"). If the Performance Condition is not satisfied, the performance based RSUs will be forfeited. |
| 2 | Common | Common Stock | 2023-02-13 | A | A | 5,000,000 | $0.00 | 5,000,000 | D | — | — | (F1) Represents restricted stock units which convert into common stock on a one-for-one basis at vesting. The Reporting Person received an incentive award of 5,000,000 service-based restricted stock units ("RSUs") which will vest as follows: 500,000 on March 15, 2023, 1,125,000 on February 15, 2024, and then in equal quarterly installments over the next twelve (12) calendar quarters on the 15th day of the second month of each calendar quarter. |