4//SEC Filing
Brandt Tamara Sue 4
Accession 0001900812-22-000001
CIK 0001839360other
Filed
Nov 22, 7:00 PM ET
Accepted
Nov 23, 5:31 PM ET
Size
6.0 KB
Accession
0001900812-22-000001
Insider Transaction Report
Form 4
Brandt Tamara Sue
Chief Legal Officer
Transactions
- Award
Common Stock
2022-11-21+475,000→ 538,598 total
Footnotes (2)
- [F1]Represents the restricted stock award ("RSA") granted to the Reporting Person, pursuant to an RSA agreement with the Issuer. The shares will vest in equal installments on each of December 1, 2022, June 1, 2023, December 1, 2023, and June 1, 2024, subject to the Reporting Person's continued service with the Issuer through the applicable vesting dates.
- [F2]Reflects earn-out shares ("Earn-out Shares") which will vest and no longer be subject to forfeiture if, at any time during the period commencing 90 days after July 19, 2022 (the "Closing Date") and ending on the fifth anniversary of the Closing Date, the volume-weighted average price of the Issuer common stock exceeds certain thresholds as discussed below. One-third of these Earn-out Shares will vest if the volume-weighted average price of Issuer common stock equals or exceeds $12.00 for any 20 trading days within any 30 trading day period, one-third will vest if the volume-weighted average price of the Issuer common stock equals or exceeds $14.00 for any 20 trading days within any 30 trading day period, and one-third will vest if the volume-weighted average price of the Issuer common stock equals or exceeds $16.00 for any 20 trading days within any 30 trading day period.
Documents
Issuer
FaZe Holdings Inc.
CIK 0001839360
Entity typeother
Related Parties
1- filerCIK 0001900812
Filing Metadata
- Form type
- 4
- Filed
- Nov 22, 7:00 PM ET
- Accepted
- Nov 23, 5:31 PM ET
- Size
- 6.0 KB