Yi Tsai - Jan 21, 2025 Form 4 Insider Report for Zedge, Inc. (ZDGE)

Role
CFO & Treasurer
Signature
Joyce J. Mason, by Power of Attorney
Stock symbol
ZDGE
Transactions as of
Jan 21, 2025
Transactions value $
$0
Form type
4
Date filed
1/23/2025, 03:30 PM
Previous filing
Sep 10, 2024
SEC
View on sec.gov

Transactions Table

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 ZDGE Deferred Stock Units Award $0 +6K $0.00 6K Jan 21, 2025 Class B Common Stock 6K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of shares issued upon the vesting of deferred stock units ("DSUs").
F2 As of January 15, 2025.
F3 Represents a grant of 6,000 DSUs. Each DSU represents the right to receive between 1/3 of a share and 3 shares of the Issuer's Class B common stock. Vesting of the DSUs will be as follows: 2,000 on each of September 8, 2025, September 7, 2026, and September 6, 2027. The number of shares that will be issued for each DSU vested will depend on the market price for the Class B common stock as of the relevant vesting date. If the market price of Class B common stock on the vesting date is less than $2.76 (the baseline value of a share of Class B common stock at the time the grant was approved), 1/3 of a share will be issued per DSU; if the price is $7.00 or greater, 3 shares will be issued per DSU. For prices between $2.76 and $7.00, the number of shares issued will be proportionate based on six distinct market price bands. Upon vesting in full, the Reporting Person will be entitled to receive between 2,000 and 18,000 shares of Class B common stock.