4//SEC Filing
JONAS MICHAEL C 4
Accession 0000950170-24-105283
CIK 0001667313other
Filed
Sep 9, 8:00 PM ET
Accepted
Sep 10, 8:05 PM ET
Size
8.6 KB
Accession
0000950170-24-105283
Insider Transaction Report
Form 4
Zedge, Inc.ZDGE
JONAS MICHAEL C
DirectorExecutive Chairman10% Owner
Transactions
- Exercise/Conversion
Class B Common Stock, par value $.01 per share
2024-09-07+3,654→ 1,513,246 total - Exercise/Conversion
Deferred Stock Units
2024-09-07−3,654→ 0 total→ Class B Common Stock (3,654 underlying)
Holdings
- 524,775
Class A Common Stock, per value $.01 per share
Footnotes (3)
- [F1]Deferred Stock Units, or DSUs, convert into shares of Class B Common Stock on a one-for-one basis.
- [F2]Includes 30,864 vested restricted shares; 116,208 unvested restricted shares, 38,736 shares of which shall vest on each of February 7, 2025, February 9, 2026, and February 8, 2027; and 8,700 shares issued upon the vesting of DSUs.
- [F3]On September 7, 2021, the Reporting Person was granted 29,000 DSUs. The DSU grant provided that vesting of 30% of the DSUs is solely time-based as follows: 25% on September 7, 2022, 33% on September 7, 2023, and 42% on September 7, 2024. Vesting of the remaining 70% of the DSUs will be on the following dates in the following amounts only if the aggregate market capitalization of the Issuer's equity securities has reached or exceeded $451 million for five consecutive trading days between the grant date and the vest date: 25% on September 7, 2022, up to 58% (the prior 25% and an additional 33%) on September 7, 2023, and up to 100% on September 7, 2024. In the event the market capitalization condition has not been met prior to a vesting date, but is met by a subsequent vesting date, all DSUs eligible for vesting prior to that date shall vest. The market capitalization condition was not met for the vesting dates of September 7, 2022, September 7, 2023 and September 7, 2024.
Documents
Issuer
Zedge, Inc.
CIK 0001667313
Entity typeother
Related Parties
1- filerCIK 0001607914
Filing Metadata
- Form type
- 4
- Filed
- Sep 9, 8:00 PM ET
- Accepted
- Sep 10, 8:05 PM ET
- Size
- 8.6 KB