Pandya Satyen J 4
4 · Sonder Holdings Inc. · Filed May 16, 2022
Insider Transaction Report
Form 4
Pandya Satyen J
Chief Technology Officer
Transactions
- Award
Restricted Stock Units
2022-05-15+269,998→ 269,998 totalExercise: $0.00Exp: 2027-07-17→ Common (269,998 underlying)
Footnotes (3)
- [F1]Each restricted stock unit, or RSU, represents a contingent right to receive one share of common stock.
- [F2]1/6th of the RSUs vest on the date on which the Common Share Price (as defined in the Management Equity Incentive Plan) is equal to or greater than $13.00 (Triggering Event I), 1/6th of the RSUs vest on the date on which the Common Share Price is equal to or greater than $15.50 (Triggering Event II), 1/6th of the RSUs vest on the date on which the Common Share Price is equal to or greater than $18.00 (Triggering Event III), 1/6th of the RSUs vest on the date on which the Common Share Price is equal to or greater than $20.50 (Triggering Event IV), 1/6th of the RSUs vest on the date on which the Common Share Price is equal to or greater than $23.00 (Triggering Event V), and 1/6th of the RSUs vest on the date on which the Common Share Price is equal to or greater than $25.50 (Triggering Event VI).
- [F3]The performance period for the RSUs expires on July 17, 2027. Vesting of the RSUs is subject to continued employment through the applicable vesting date.