4//SEC Filing
MEWAWALLA RAHUL 4
Accession 0001213900-24-059087
CIK 0001218683other
Filed
Jul 2, 8:00 PM ET
Accepted
Jul 3, 4:45 PM ET
Size
19.7 KB
Accession
0001213900-24-059087
Insider Transaction Report
Form 4
MEWAWALLA RAHUL
DirectorDirector, CEO, President10% Owner
Transactions
- Exercise/Conversion
Common Stock
2024-07-01+1,801,153→ 2,674,925 total - Tax Payment
Common Stock
2024-07-01$1.58/sh−766,033$1,210,332→ 1,908,892 total - Award
Restricted Stock Units
2024-07-01+1,801,153→ 1,801,153 totalExp: 2034-07-01→ Common Stock (1,801,153 underlying) - Exercise/Conversion
Restricted Stock Units
2024-07-01−1,801,153→ 0 total→ Common Stock (1,801,153 underlying) - Award
Restricted Stock Units
2024-07-01+2,881,845→ 2,881,845 totalExp: 2034-07-01→ Common Stock (2,881,845 underlying) - Award
Stock Option
2024-07-01+1,750,000→ 1,750,000 totalExercise: $1.58Exp: 2034-07-01→ Common Stock (1,750,000 underlying)
Footnotes (6)
- [F1]Each restricted stock unit is issued under and subject to the terms of the Mawson Infrastructure Group Inc 2024 Omnibus Equity Incentive Plan ("Plan"), and represents the right to receive, at settlement, one share of common stock, an equivalent cash amount at fair market value, or a combination, at the discretion of the Administrator of the Plan.
- [F2]The restricted stock units granted under this award vest on July 1, 2024.
- [F3]Restricted stock units convert into common stock on a one-for-one basis.
- [F4]On July 1, 2024, the reporting person was granted 1,801,153 restricted stock units and vesting and settling on the same date.
- [F5]The restricted stock units granted under this award vest in four equal, annual installments on August 26, 2025, August 25, 2026, August 24, 2027 and August 23, 2028. Once vested, the RSUs are exercisable until expiration.
- [F6]The Stock Option vests in amounts when the Company's average stock price for ten days has reached or exceeded the corresponding price as follow: 500,000 Shares vest at price of $1.89, 400,000 Shares vest at price of $2.30, 300,000 Shares vest at $3.60, 200,000 Shares vest at price of $4.70, 100,000 Shares vest at price of $6.00, 100,000 Shares vest at price of $7.10, 100,000 Shares vest at price of $8.20, and 50,000 Shares vest at price of $9.40. Provided that if the corresponding price vesting condition is met prior to January 1, 2025, such portion of the option shall vest on January 1, 2025. In addition, if the Company undergoes or upon a change in control, all Options shall be fully and immediately accelerated.
Issuer
Mawson Infrastructure Group Inc.
CIK 0001218683
Entity typeother
Related Parties
1- filerCIK 0001869191
Filing Metadata
- Form type
- 4
- Filed
- Jul 2, 8:00 PM ET
- Accepted
- Jul 3, 4:45 PM ET
- Size
- 19.7 KB