4//SEC Filing
Glickman Michael 4
Accession 0000950170-23-036610
CIK 0001333835other
Filed
Jul 31, 8:00 PM ET
Accepted
Aug 1, 5:43 PM ET
Size
6.2 KB
Accession
0000950170-23-036610
Insider Transaction Report
Form 4
Casa Systems IncCASA
Glickman Michael
DirectorPresident and CEO
Transactions
- Award
Restricted Stock Units
2023-08-01+2,750,000→ 2,750,000 total→ Common Stock (2,750,000 underlying)
Footnotes (2)
- [F1]Represents restricted stock units ("RSUs") granted to the reporting person as an inducement material to entry into employment with Casa Systems, Inc. (the "Company") in accordance with Nasdaq Listing Rule 5635(c)(4). Each RSU represents the right to receive one share of common stock, $0.001 par value per share (the "Common Stock"), of 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]The RSUs are scheduled to vest over four years, with 1/4th of the shares underlying the award vesting on August 5, 2024, and the remainder of the shares underlying the award vesting in three equal annual installments thereafter. The RSUs have no expiration date.
Documents
Issuer
Casa Systems Inc
CIK 0001333835
Entity typeother
Related Parties
1- filerCIK 0001987924
Filing Metadata
- Form type
- 4
- Filed
- Jul 31, 8:00 PM ET
- Accepted
- Aug 1, 5:43 PM ET
- Size
- 6.2 KB