Kathleen Miller - 01 Jan 2023 Form 4 Insider Report for Kaleyra, Inc. (KLR)

Role
Director
Signature
/s/ Kathleen Miller
Issuer symbol
KLR
Transactions as of
01 Jan 2023
Transactions value $
$0
Form type
4
Filing time
03 Jan 2023, 15:30:53 UTC
Previous filing
22 Dec 2022
Next filing
10 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KLR Common Stock Award $0 +110,000 $0.000000 110,000 01 Jan 2023 Direct F1, F2
transaction KLR Common Stock Award $0 +71,440 +64.9% $0.000000 181,440 01 Jan 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Subject to the Reporting Person's continued service to the Issuer, 25% of the Restricted Stock Units ("RSUs") vest on February 20, 2024, and the remaining RSUs vest in twelve quarterly installments, beginning on May 20, 2024 and ending on February 20, 2027.
F2 All RSUs shall immediately vest (i) in the event of a Change of Control (as defined in the Issuer's 2019 Equity Incentive Plan) of the Issuer, (ii) the Reporting Person is not re-nominated to serve on the Issuer's Board of Directors (except in connection with the Reporting Person choosing not to stand for reelection as a member of the Board or resigning from the Board) and as a result separates from service with the Issuer, (iii) to the extent the Reporting Person has served as a director of the Issuer for at least three years, and such Reporting Person chooses not to stand for reelection as a member of the Board or resigns from the Board and as a result separates from service with the Issuer, and (iv) in the event of the death or Disability (as defined in the Issuer's 2019 Equity Incentive Plan) of the Reporting Person.
F3 Subject to the Reporting Person's continued service to the Issuer, the RSUs shall vest quarterly on each of February 20, May 20, August 20 and November 20, 2023.