Yoko Miyashita - Feb 27, 2025 Form 4 Insider Report for Leafly Holdings, Inc. /DE (LFLY)

Role: CEO, Director
Signature: /s/ Yoko Miyashita
Stock symbol: LFLY
Transactions as of: Feb 27, 2025
Transactions value $: $650
Form type: 4
Date filed: 3/7/2025, 05:05 PM
Previous filing: Jan 22, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LFLY	Common Stock	Award	$923	+4.19K	+7.42%	$0.22	60.7K	Feb 27, 2025	Direct	F1
transaction	LFLY	Common Stock	Tax liability	-$274	-1.24K	-2.05%	$0.22	59.4K	Feb 27, 2025	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a multi-year performance-stock unit ("PSU") award granted to the reporting person in 2022 (the "2022 PSUs") under the Issuer's 2021 Equity Incentive Plan ("Plan"). The 2022 PSUs are split into three tranches of 4,188 PSUs each ("Tranche I", "Tranche II", or "Tranche III"), with the number of PSUs eligible to vest conditioned on the achievement of certain performance targets established by the Compensation Committee (the "Committee") of the Issuer's Board of Directors for specified annual performance periods. The number of PSUs eligible to vest in Tranche III for thecalendar year "2024 Performance Period" was conditioned on the Issuer's achievement of certain Committee-approved cash balance targets as of December 31, 2024 (the "Tranche III Goals"). On February 27, 2025, the Committee certified the Issuer's maximum achievement of the Tranche III Goals, resulting in the vesting of 100% of the 2022 PSUs applicable to Tranche III, as reported.
F2	Represents shares withheld by the Issuer to satisfy withholding taxes due in connection with the vesting of the 2022 PSUs applicable to Tranche III as described in Note 1, at a net settlement price equal to the closing stock price on February 27, 2025.

Content

Represents a multi-year performance-stock unit ("PSU") award granted to the reporting person in 2022 (the "2022 PSUs") under the Issuer's 2021 Equity Incentive Plan ("Plan"). The 2022 PSUs are split into three tranches of 4,188 PSUs each ("Tranche I", "Tranche II", or "Tranche III"), with the number of PSUs eligible to vest conditioned on the achievement of certain performance targets established by the Compensation Committee (the "Committee") of the Issuer's Board of Directors for specified annual performance periods. The number of PSUs eligible to vest in Tranche III for thecalendar year "2024 Performance Period" was conditioned on the Issuer's achievement of certain Committee-approved cash balance targets as of December 31, 2024 (the "Tranche III Goals"). On February 27, 2025, the Committee certified the Issuer's maximum achievement of the Tranche III Goals, resulting in the vesting of 100% of the 2022 PSUs applicable to Tranche III, as reported.

Represents shares withheld by the Issuer to satisfy withholding taxes due in connection with the vesting of the 2022 PSUs applicable to Tranche III as described in Note 1, at a net settlement price equal to the closing stock price on February 27, 2025.