4//SEC Filing
Gundumogula Prasad 4
Accession 0001828852-24-000012
CIK 0001828852other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 9:22 PM ET
Size
6.4 KB
Accession
0001828852-24-000012
Insider Transaction Report
Form 4
Gundumogula Prasad
DirectorChief Executive Officer10% Owner
Transactions
- Other
Class A Common Stock, par value $0.0001 per share
2023-12-31+1,000,000→ 12,461,494 total
Footnotes (2)
- [F1]Pursuant to that certain earn-out agreement, dated December 20, 2021, by and among the Issuer, the Reporting Person, and the other parties thereto (the "Earn-Out Agreement"), filed as Exhibit 10.10 to the Issuer's Registration Statement on Form S-4/A, filed on June 24, 2022 in connection with the Business Combination (the "Registration Statement"), and the Award Agreement executed by the Issuer and the Reporting Person December 31, 2023, the Issuer issued to the Reporting Person 1,000,000 shares of Class A Common Stock (the "Earn-Out Shares"). The Earn-Out Shares vest during the four years period following the Closing Date (the "Vesting Period").
- [F2]The Vesting Period is as follows--if at any time during the Vesting Period: (i) the price of the shares of Class A Common Stock exceeds a volume-weighted-average price ("VWAP") of $12.50 per share for any 20 trading days within any 30 trading day period, 1/3 of the Earn-Out Shares shall immediately vest and no longer be subject to the forfeiture; (ii) the price of the shares of Class A Common Stock exceeds VWAP of $15.00 per share for any 20 trading days within any 30 trading day period, 1/3 of the Earn-Out Shares shall immediately vest and no longer be subject to the forfeiture; and (iii) the price of the shares of Class A Common Stock exceeds a VWAP of $18.00 per share for any 20 trading days within any 30 trading day period, 1/3 of the Earn-Out Shares shall immediately vest and no longer be subject to the forfeiture. Any Earn-Out Shares that do not vest during the Vesting Period shall be redeemed and cancelled in accordance with the Earn-Out Agreement.
Documents
Issuer
Mondee Holdings, Inc.
CIK 0001828852
Entity typeother
Related Parties
1- filerCIK 0001932096
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 9:22 PM ET
- Size
- 6.4 KB