4//SEC Filing
Chen Weidong 4
Accession 0000899243-23-000689
CIK 0001333835other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 6:50 PM ET
Size
18.6 KB
Accession
0000899243-23-000689
Insider Transaction Report
Form 4
Casa Systems IncCASA
Chen Weidong
DirectorChief Technology Officer10% Owner
Transactions
- Exercise/Conversion
Restricted Stock Units
2023-01-01−22,550→ 0 total→ Common Stock (22,550 underlying) - Tax Payment
Common Stock
2023-01-01$2.73/sh−40,247$109,874→ 2,254,142 total - Exercise/Conversion
Restricted Stock Units
2023-01-01−23,967→ 71,901 total→ Common Stock (23,967 underlying) - Exercise/Conversion
Common Stock
2023-01-01+80,468→ 2,247,872 total - Exercise/Conversion
Common Stock
2023-01-01+22,550→ 2,270,422 total - Exercise/Conversion
Common Stock
2023-01-01+23,967→ 2,294,389 total - Exercise/Conversion
Restricted Stock Units
2023-01-01−80,468→ 241,407 total→ Common Stock (80,468 underlying)
Footnotes (7)
- [F1]Restricted stock units ("RSUs") converted into common stock, $0.001 par value per share (the "Common Stock"), of Casa Systems, Inc. (the "Company") on a one-for-one basis upon vesting of the units.
- [F2]Shares withheld by the Company to satisfy tax withholding requirements on vesting of RSUs. No shares were sold.
- [F3]Each RSU represents the right to receive one share of Common Stock 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.
- [F4]These RSUs are scheduled to vest over four years, with 25% of the 321,875 shares underlying the award having vested 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.
- [F5]These RSUs are scheduled to vest over four years, with 25% of the 90,194 shares underlying the award having vested on January 1, 2020, 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.
- [F6]These RSUs are subject to both time and performance-based vesting: (i) 95,867 of the RSUs are subject to time-based vesting and are scheduled to vest over four years, with 25% of the shares underlying the award vesting on January 1, 2022, and 25% of the shares underlying the award vesting at the end of each successive one-year period thereafter and (ii) 23,967 of the RSUs are subject to performance-based vesting, the conditions for which are met upon the Company's level of achievement of pre-established performance parameters, as approved by the Company's Board of Directors, related to either or both of (a) the Company's relative Total Shareholder Return ("TSR") performance against the TSR of the companies listed in the Russell 2000 Index, and (b) the absolute stock price performance of the Company's common stock, in each case, measured over the three-year period beginning on January 1, 2021 and ending on January 1, 2024,
- [F7](Continued from footnote 6) and subject to the other terms and conditions set forth in the applicable RSU agreement. The RSUs have no expiration date.
Documents
Issuer
Casa Systems Inc
CIK 0001333835
Entity typeother
Related Parties
1- filerCIK 0001723982
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 6:50 PM ET
- Size
- 18.6 KB