Somer Webb - 18 May 2022 Form 3 Insider Report for Solo Brands, Inc. (DTCB)

Role
Chief Financial Officer
Signature
/s/ Kent Christensen, Attorney-in-Fact for Somer Webb
Issuer symbol
DTCB
Transactions as of
18 May 2022
Net transactions value
$0
Form type
3
Filing time
18 May 2022, 20:17:27 UTC
Next filing
26 May 2022
SEC
View on sec.gov

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
holding DTC Stock Option 18 May 2022 Class A Common Stock 154,559 $6.47 Direct F1
holding DTC Restricted Stock Unit 18 May 2022 Class A Common Stock 154,599 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option will vest with respect to 25% of the underlying shares of Class A Common Stock on May 9, 2023, and with respect to the remaining shares in 12 quarterly installments thereafter subject to continued employment through the vest date.
F2 The restricted stock units ("RSUs") will vest with respect to 25% of the underlying shares of Class A Common Stock on May 9, 2023, and with respect to the remaining RSUs in 12 quarterly installments thereafter subject to continued employment through the vest date.
F3 Each RSU represents a contingent right to receive one share of Class A Common Stock.

Remarks:

Exhibit 24 - Power of Attorney.