Louis Rassey - Feb 4, 2022 Form 4 Insider Report for Fast Radius, Inc. (FSRD)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Louis Rassey
Stock symbol
FSRD
Transactions as of
Feb 4, 2022
Transactions value $
$0
Form type
4
Date filed
2/8/2022, 08:58 PM
Next filing
Apr 19, 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FSRD Common Stock Award +6.9M 6.9M Feb 4, 2022 Direct F1
transaction FSRD Common Stock Award +226K 226K Feb 4, 2022 By TRF I Trust F1, F2
transaction FSRD Common Stock Award +226K 226K Feb 4, 2022 By TRF II Trust F1, F2
transaction FSRD Common Stock Award +226K 226K Feb 4, 2022 By TRF III Trust F1, F2
transaction FSRD Common Stock Award +226K 226K Feb 4, 2022 By TRF IV Trust F1, F2
transaction FSRD Common Stock Award +213K 213K Feb 4, 2022 By Two Roads Group, LLC F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FSRD Restricted Stock Units Award +38.2K 38.2K Feb 4, 2022 Common Stock 38.2K $0.00 Direct F3, F4
transaction FSRD Restricted Stock Units Award +1.29M 1.29M Feb 4, 2022 Common Stock 1.29M $0.00 Direct F4, F5
transaction FSRD Options to Purchase Common Stock Award +1.53M 1.53M Feb 4, 2022 Common Stock 1.53M $0.70 Direct F6, F7
transaction FSRD Options to Purchase Common Stock Award +266K 266K Feb 4, 2022 Common Stock 266K $0.70 Direct F7, F8
transaction FSRD Earnout Shares Award +1.34M 1.34M Feb 4, 2022 Common Stock 1.34M $0.00 Direct F1, F9
transaction FSRD Earnout Shares Award +41.2K 41.2K Feb 4, 2022 Common Stock 41.2K $0.00 By TRF I Trust F1, F2, F9
transaction FSRD Earnout Shares Award +41.2K 41.2K Feb 4, 2022 Common Stock 41.2K $0.00 By TRF II Trust F1, F2, F9
transaction FSRD Earnout Shares Award +41.2K 41.2K Feb 4, 2022 Common Stock 41.2K $0.00 By TRF III Trust F1, F2, F9
transaction FSRD Earnout Shares Award +41.2K 41.2K Feb 4, 2022 Common Stock 41.2K $0.00 By TRF IV Trust F1, F2, F9
transaction FSRD Earnout Shares Award +38.9K 38.9K Feb 4, 2022 Common Stock 38.9K $0.00 By Two Roads Group, LLC F1, F2, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received pursuant to that certain Agreement and Plan of Merger ("Merger Agreement"), dated as of July 18, 2021, as amended, by and among Issuer, formerly known as ECP Environmental Growth Opportunities Corp., a Delaware corporation ("ENNV"), ENNV Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of ENNV, and Fast Radius, Inc., a Delaware corporation ("Legacy Fast Radius"), in exchange for equity interests of Legacy Fast Radius.
F2 The Reporting Person may be deemed to beneficially own the reported securities. The reporting person disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein.
F3 Includes 15,508 Restricted Stock Units that are vested and subject to future settlement and 22,691 Restricted Stock Units which vest monthly through May of 2025, subject to the Reporting Person's continuous service.
F4 Represents Restricted Stock Units issued by Legacy Fast Radius and assumed by the Issuer on February 4, 2022 as merger consideration under the Merger Agreement.
F5 Includes 744,442 Restricted Stock Units that are vested and subject to future settlement and 550,547 Restricted Stock Units which vest upon the achievement of certain performance metrics related to the valuation of the Issuer.
F6 Includes 841,540 vested Options and 688,535 Options which vest monthly through March of 2023. The Options expire on May 20, 2029, subject to the Reporting Person's continuous service.
F7 Represents Options issued by Legacy Fast Radius and assumed by the Issuer on February 4, 2022 as merger consideration under the Merger Agreement.
F8 Includes 79,663 vested Options and 185,887 Options which vest monthly through April of 2023. The Options expire on May 20, 2029, subject to the Reporting Person's continuous service.
F9 Represents the right to receive shares of the Issuer's Common Stock in two equal tranches, at the time that the Issuer's Common Stock reaches a value of $15.00 and $20.00, respectively, no later than February 4, 2027, based upon the (i) daily volume-weighted average sale price of shares of the Issuer's Common Stock for any 20 trading days within any 30 consecutive trading day period or (ii) the per share consideration received in connection with a change in control.