Olsen Donald B. 4
4 · Cricut, Inc. · Filed Jul 22, 2024
Insider Transaction Report
Form 4
Cricut, Inc.CRCT
Olsen Donald B.
EVP, General Counsel & Sec.
Transactions
- Award
Class A Common Stock
2024-07-19+17,960→ 695,833 total
Holdings
- 13,804
Employee Stock Option (right to buy)
Exercise: $18.25Exp: 2031-03-24→ Class A Common Stock (13,804 underlying)
Footnotes (3)
- [F1]This reflects dividend equivalent restricted stock units that were granted in connection with a special one-time cash dividend of $.40 per share and a recurring semi-annual cash dividend of $.10 per share to holders of the issuer's stock, paid on July 19, 2024, to stockholders of record at the close of business on July 2, 2024. Holders of restricted stock units that were unvested on the record date were automatically credited with a dividend equivalent based on the value of the per share dividend pursuant to the terms of the issuer's equity incentive documents.
- [F2]Reflects equitable adjustment to the option exercise price pursuant to the underlying plan in connection with Cricut's special cash dividends declared on December 21, 2022, May 18, 2023, and May 7, 2024. Pursuant to the adjustment, the exercise price was reduced by $1.75.
- [F3]Shares subject to the option vest as follows: (i) 7,592 vest in four equal annual installments beginning on March 1, 2021 and (ii) 6,212 vest in four equal annual installments beginning on August 17, 2021.