4//SEC Filing
JONAS MICHAEL C 4
Accession 0000950170-25-008285
CIK 0001667313other
Filed
Jan 22, 7:00 PM ET
Accepted
Jan 23, 3:30 PM ET
Size
7.7 KB
Accession
0000950170-25-008285
Insider Transaction Report
Form 4
Zedge, Inc.ZDGE
JONAS MICHAEL C
DirectorExecutive Chairman10% Owner
Transactions
- Award
Deferred Stock Units
2025-01-21+12,700→ 12,700 totalExp: 2027-09-06→ Class B Common Stock (12,700 underlying)
Holdings
- 524,775
Class A Common Stock, per value $.01 per share
- 1,513,246
Class B Common Stock, par value $.01 per share
Footnotes (2)
- [F1]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 deferred stock units ("DSUs").
- [F2]Represents a grant of 12,700 DSUs. Each DSU represents the right to receive between 1/3 of a share and 3 shares of the Issuer's Class B common stock. Vesting of the DSUs will be as follows: 4,233 on each of September 8, 2025 and September 7, 2026; and 4,234 on September 6, 2027. The number of shares that will be issued for each DSU vested will depend on the market price for the Class B common stock as of the relevant vesting date. If the market price of Class B common stock on the vesting date is less than $2.76 (the baseline value of a share of Class B common stock at the time the grant was approved), 1/3 of a share will be issued per DSU; if the price is $7.00 or greater, 3 shares will be issued per DSU. For prices between $2.76 and $7.00, the number of shares issued will be proportionate based on six distinct market price bands. Upon vesting in full, the Reporting Person will be entitled to receive between 4,234 and 38,100 shares of Class B common stock.
Documents
Issuer
Zedge, Inc.
CIK 0001667313
Entity typeother
Related Parties
1- filerCIK 0001607914
Filing Metadata
- Form type
- 4
- Filed
- Jan 22, 7:00 PM ET
- Accepted
- Jan 23, 3:30 PM ET
- Size
- 7.7 KB