4//SEC Filing
Chen Weidong 4
Accession 0000899243-22-017664
CIK 0001333835other
Filed
May 10, 8:00 PM ET
Accepted
May 11, 6:00 PM ET
Size
13.3 KB
Accession
0000899243-22-017664
Insider Transaction Report
Form 4
Casa Systems IncCASA
Chen Weidong
DirectorChief Technology Officer10% Owner
Transactions
- Award
Stock option (right to buy)
2022-05-09+200,000→ 200,000 totalExercise: $3.60Exp: 2032-05-08→ Common Stock (200,000 underlying) - Award
Restricted Stock Units
2022-05-09+321,875→ 321,875 total→ Common Stock (321,875 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit ("RSU") represents the right to receive one share of common stock, $0.001 par value per share (the "Common Stock") of Casa Systems, Inc. (the "Company") upon vesting, subject to the reporting person's continued service relationship with the Company and the other terms and conditions set forth in the applicable RSU agreement. In the sole discretion of the Company's board of directors, the Company may, with respect to any applicable vesting date, deliver to the reporting person Common Stock or cash having a fair market value equal to the number of shares of Common Stock underlying the portion of the RSU that vested on such date, payable within 30 days of the vesting date, less applicable taxes.
- [F2]These RSUs are scheduled to vest over four years, with 25% of the shares underlying the award vesting on January 1, 2023, and 25% of the shares underlying the award vesting at the end of each successive one-year period thereafter. The RSUs have no expiration date.
- [F3]Fifty percent of the option shares shall vest and become exercisable on January 1, 2023, and the remaining 50% of the option shares shall vest and become exercisable on January 1, 2024.
Issuer
Casa Systems Inc
CIK 0001333835
Entity typeother
Related Parties
1- filerCIK 0001723982
Filing Metadata
- Form type
- 4
- Filed
- May 10, 8:00 PM ET
- Accepted
- May 11, 6:00 PM ET
- Size
- 13.3 KB