4//SEC Filing
WESTLEY PETER 4
Accession 0000950170-23-036414
CIK 0001776909other
Filed
Jul 31, 8:00 PM ET
Accepted
Aug 1, 3:48 PM ET
Size
13.1 KB
Accession
0000950170-23-036414
Insider Transaction Report
Form 4
WESTLEY PETER
Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2023-07-28+134,813→ 134,813 total→ Common Stock (134,813 underlying) - Disposition to Issuer
Stock Options (right to buy)
2023-07-28−50,000→ 0 totalExercise: $2.32→ Common Stock (50,000 underlying) - Disposition to Issuer
Stock Options (right to buy)
2023-07-28−221,904→ 0 totalExercise: $1.62→ Common Stock (221,904 underlying) - Award
Restricted Stock Units
2023-07-28+44,249→ 44,249 total→ Common Stock (44,249 underlying)
Footnotes (5)
- [F1]Pursuant to the Company's cancellation of certain "underwater" stock options granted to employees and executive officers and replacement thereof with restricted stock units ("RSUs") (the "Option Cancellation and Exchange"), on July 28, 2023, the Compensation Committee of the Board of Directors of the Company approved the cancellation of Mr. Westley's options to purchase 271,904 shares of common stock, granted under the Company's 2020 Omnibus Incentive Plan (the "Plan"), and granted Mr. Westley RSUs of approximately equal fair value of the cancelled stock options, valued as of July 14, 2023.
- [F2]On July 28, 2023, pursuant to the Option Cancellation and Exchange, in exchange for Mr. Westley's fully vested cancelled stock options, the Company granted Mr. Westley 44,249 RSUs under the Plan. Each RSU represents a contingent right to receive one share of common stock. The RSUs granted will vest on July 28, 2024.
- [F3]On July 28, 2023, pursuant to the Option Cancellation and Exchange, in exchange for Mr. Westley's unvested cancelled stock options, the Company granted Mr. Westley 134,813 RSUs under the Plan. Each RSU represents a contingent right to receive one share of common stock. The RSUs granted will vest as follows: 23,502 shares in equal increments on April 22, 2024, April 22, 2025 and April 22, 2026; and 111,311 shares in equal increments on May 21, 2024, May 21, 2025, and May 21, 2026.
- [F4]Includes unvested option to purchase 37,500 shares of the Company's common stock, which would have vested annually until April 22, 2026.
- [F5]Includes unvested option to purchase 166,428 shares of the Company's common stock, which would have vested annually until May 21, 2026.
Documents
Issuer
CuriosityStream Inc.
CIK 0001776909
Entity typeother
Related Parties
1- filerCIK 0001663979
Filing Metadata
- Form type
- 4
- Filed
- Jul 31, 8:00 PM ET
- Accepted
- Aug 1, 3:48 PM ET
- Size
- 13.1 KB