4//SEC Filing
JONAS MICHAEL C 4
Accession 0001209191-22-050053
CIK 0001667313other
Filed
Sep 14, 8:00 PM ET
Accepted
Sep 15, 4:10 PM ET
Size
8.8 KB
Accession
0001209191-22-050053
Insider Transaction Report
Form 4
Zedge, Inc.ZDGE
JONAS MICHAEL C
DirectorExecutive Chairman10% Owner
Transactions
- Exercise/Conversion
Deferred Stock Units
2022-09-07−2,175→ 26,825 total→ Class B Common Stock (2,175 underlying) - Exercise/Conversion
Class B Common Stock, par value $.01 per share
2022-09-07+2,175→ 1,339,898 total
Holdings
- 524,775
Class A Common Stock, par 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 471 unvested restricted shares that vest on November 7, 2022; 61,728 unvested restricted shares that vest as follows: 30,864 on each of February 7, 2023 and February 7, 2024; and 2,175 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 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 0001607914
Filing Metadata
- Form type
- 4
- Filed
- Sep 14, 8:00 PM ET
- Accepted
- Sep 15, 4:10 PM ET
- Size
- 8.8 KB