4//SEC Filing
Andersen Paw 4
Accession 0001209191-21-009974
CIK 0001819035other
Filed
Feb 10, 7:00 PM ET
Accepted
Feb 11, 9:43 PM ET
Size
10.7 KB
Accession
0001209191-21-009974
Insider Transaction Report
Form 4
Metromile, Inc.MILE
Andersen Paw
Chief Technology Officer
Transactions
- Award
Common Stock
2021-02-09+143,203→ 143,203 total - Award
Stock Option (right to buy)
2021-02-09+192,400→ 192,400 totalExercise: $2.96Exp: 2029-06-18→ Common Stock (192,400 underlying) - Award
Stock Option (right to buy)
2021-02-09+133,199→ 133,199 totalExercise: $3.02Exp: 2030-07-27→ Common Stock (133,199 underlying)
Footnotes (4)
- [F1]Received pursuant to the Agreement and Plan of Merger and Reorganization, dated as of November 24, 2020, as amended January 12, 2021 and further amended February 8, 2021, by and among INSU Acquisition Corp. II (n/k/a Metromile, Inc.) (the "Issuer"), INSU II Merger Sub Corp. and MetroMile, Inc. (n/k/a Metromile Operating Company) ("Legacy Metromile") (the "Merger Agreement") pursuant to which, through a series of mergers Legacy Metromile became a direct, wholly-owned subsidiary of the Issuer. Pursuant to the Merger Agreement former securityholders of Legacy Metromile will receive additional shares of the Issuer's common stock (the "Additional Shares") if the closing sale price of the Issuer's common stock exceeds $15.00 per share for 20 out of any 30 consecutive trading days during the first two years following the closing of the merger.
- [F2]Includes 127,965 shares subject to restricted stock units ("RSU") and 15,238 shares to be received as Additional Shares. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
- [F3]1/4 of share shares subject to the option vested on March 13, 2020, and 1/48 of the shares vest monthly thereafter.
- [F4]1/48 of the shares subject to the option vested on on August 15, 2020, and 1/48 of the shares vest monthly thereafter.
Documents
Issuer
Metromile, Inc.
CIK 0001819035
Entity typeother
Related Parties
1- filerCIK 0001843395
Filing Metadata
- Form type
- 4
- Filed
- Feb 10, 7:00 PM ET
- Accepted
- Feb 11, 9:43 PM ET
- Size
- 10.7 KB