4//SEC Filing
Tsai Yi 4
Accession 0001209191-22-050043
CIK 0001667313other
Filed
Sep 14, 8:00 PM ET
Accepted
Sep 15, 4:07 PM ET
Size
10.6 KB
Accession
0001209191-22-050043
Insider Transaction Report
Form 4
Zedge, Inc.ZDGE
Tsai Yi
CFO & Treasurer
Transactions
- Exercise/Conversion
Class B Common Stock, par value $.01 per share
2022-09-07+1,800→ 1,800 total - Tax Payment
Class B Common Stock, par value $.01 per share
2022-09-07$2.74/sh−744$2,039→ 1,056 total - Exercise/Conversion
Deferred Stock Units
2022-09-07−1,800→ 22,200 total→ Class B Common Stock (1,800 underlying)
Holdings
- 5,370(indirect: By 401(k))
Class B Common Stock, par value $.01 per share
Footnotes (5)
- [F1]Deferred Stock Units, or DSUs, convert into shares of Class B Common Stock on a one-for-one basis.
- [F2]Consists of shares issued upon the vesting of DSUs.
- [F3]Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs.
- [F4]As of September 15, 2022.
- [F5]On September 7, 2021, the Reporting Person was granted 24,000 DSUs. The DSU grant provided that vesting of 30% of the DSUs will be 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 vest that was to occur on September 7, 2022.
Documents
Issuer
Zedge, Inc.
CIK 0001667313
Entity typeother
Related Parties
1- filerCIK 0001565415
Filing Metadata
- Form type
- 4
- Filed
- Sep 14, 8:00 PM ET
- Accepted
- Sep 15, 4:07 PM ET
- Size
- 10.6 KB