4//SEC Filing
Durkin Edward 4
Accession 0000950170-23-033874
CIK 0001333835other
Filed
Jul 20, 8:00 PM ET
Accepted
Jul 21, 6:27 PM ET
Size
9.3 KB
Accession
0000950170-23-033874
Insider Transaction Report
Form 4
Casa Systems IncCASA
Durkin Edward
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2023-07-19+217,612→ 309,941 total - Tax Payment
Common Stock
2023-07-19$1.19/sh−69,548$82,762→ 240,343 total - Exercise/Conversion
Restricted Stock Units
2023-07-19−217,612→ 0 total→ Common Stock (217,612 underlying)
Footnotes (4)
- [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 RSUs.
- [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]In connection with Mr. Durkin's removal as Interim Chief Executive Officer following the Company's hiring of a permanent Chief Executive Officer, the vesting of the RSUs granted to the reporting person on May 12, 2023, was fully accelerated and all of the shares underlying the award became vested as of July 19, 2023. The RSUs have no expiration date.
Documents
Issuer
Casa Systems Inc
CIK 0001333835
Entity typeother
Related Parties
1- filerCIK 0001919899
Filing Metadata
- Form type
- 4
- Filed
- Jul 20, 8:00 PM ET
- Accepted
- Jul 21, 6:27 PM ET
- Size
- 9.3 KB