4//SEC Filing
Chen Weidong 4
Accession 0000950170-23-069808
CIK 0001333835other
Filed
Dec 11, 7:00 PM ET
Accepted
Dec 12, 6:30 PM ET
Size
18.5 KB
Accession
0000950170-23-069808
Insider Transaction Report
Form 4
Casa Systems IncCASA
Chen Weidong
DirectorChief Technology Officer10% Owner
Transactions
- Exercise/Conversion
Restricted Stock Units
2023-12-08−47,934→ 0 total→ Common Stock (47,934 underlying) - Exercise/Conversion
Common Stock
2023-12-08+366,611→ 2,658,412 total - Exercise/Conversion
Restricted Stock Units
2023-12-08−53,303→ 0 total→ Common Stock (53,303 underlying) - Exercise/Conversion
Restricted Stock Units
2023-12-08−241,407→ 0 total→ Common Stock (241,407 underlying) - Exercise/Conversion
Restricted Stock Units
2023-12-08−23,967→ 0 total→ Common Stock (23,967 underlying) - Tax Payment
Common Stock
2023-12-08$0.54/sh−121,366$65,538→ 2,537,046 total - Award
Restricted Stock Units
2023-12-08+23,967→ 23,967 total→ Common Stock (23,967 underlying)
Footnotes (8)
- [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 RSU.
- [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 of 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.
- [F4]Pursuant to the Separation Agreement entered into by the Company and the reporting person on November 17, 2023 (the "Separation Agreement"), the vesting of the RSUs granted to the reporting person on February 25, 2020, was fully accelerated and all of the shares underlying the award became vested as of December 8, 2023. The RSUs have no expiration date.
- [F5]Pursuant to the Separation Agreement, the vesting of the RSUs granted to the reporting person on February 23, 2021, was fully accelerated and all of the shares underlying the award became vested as of December 8, 2023. The RSUs have no expiration date.
- [F6]Pursuant to the Separation Agreement, the vesting of the RSUs granted to the reporting person on May 9, 2022, was fully accelerated and all of the shares underlying the award became vested as of December 8, 2023. The RSUs have no expiration date.
- [F7]These RSUs were granted to the reporting person on February 23, 2021, subject to performance-based vesting conditions. The vesting of these RSUs was fully accelerated as of December 8, 2023, pursuant to the Separation Agreement. These RSUs have no expiration date.
- [F8]Pursuant to the Separation Agreement, the vesting of the RSUs granted to the reporting person on February 23, 2021, was fully accelerated and all of the shares underlying the award became vested as of December 8, 2023. 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
- Dec 11, 7:00 PM ET
- Accepted
- Dec 12, 6:30 PM ET
- Size
- 18.5 KB