Meisner Jeffrey Ralph 4
4 · Glimpse Group, Inc. · Filed May 30, 2023
Insider Transaction Report
Form 4
Meisner Jeffrey Ralph
DirectorChief Revenue Officer
Transactions
- Award
Common Stock
2023-03-01$7.00/sh+81,671$571,697→ 165,687 total - Award
Common Stock
2023-04-01$3.76/sh+4,715$17,728→ 170,402 total - Award
Common Stock
2023-05-25$4.00/sh+62,500$250,000→ 232,902 total
Footnotes (3)
- [F1]On March 1, 2023, the Issuer issued Mr. Meisner 81,671 pursuant to his portion of an earnout payment required under the Membership Interest Sale Agreement dated February 2, 2022 ("S5D Acquisition Agreement"), between the Issuer and the sellers of Sector 5 Digital, LLC (S5D), of which Mr. Meisner was a membership interest holder at the time of the transaction. The value of the shares, $7.00, was contractually determined under the S5D Acquisition Agreement.
- [F2]Reflects common stock acquired by Mr. Meisner and issued by the Company to the Reporting Person, on April 1, 2023 in lieu of cash salary.
- [F3]The 62,500 shares of common stock were issued in an arms-length transaction pursuant to which the parties agreed to accelerate a potential earnout provision in an Amendment to the Membership Interest Sale Agreement dated May 25, 2023, between the Issuer and the sellers of Sector 5 Digital, LLC (S5D), of which Mr. Meisner was a membership interest holder at the time of the transaction. In connection with the accelerated earnout provision, Mr. Meisner received shares of the Issuer's common stock, instead of receiving a portion of the potential cash earnout payment due to him.