Bernardo Fiaux - 01 May 2024 Form 4 Insider Report for Whole Earth Brands, Inc. (FREE)

Role
Chief Financial Officer
Signature
/s/ Bernardo Fiaux, by Ira W. Schlussel, as Attorney-in-Fact
Issuer symbol
FREE
Transactions as of
01 May 2024
Transactions value $
-$190,655
Form type
4
Filing time
03 May 2024, 18:53:49 UTC
Previous filing
26 May 2023
Next filing
05 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FREE Common Stock Options Exercise +89.3K +89.29% 189K 01 May 2024 Direct F1
transaction FREE Common Stock Tax liability -$191K -39.6K -20.9% $4.82 150K 01 May 2024 Direct

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 FREE Restricted Stock Units Options Exercise $0 -62.5K -100% $0.00* 0 01 May 2024 Common Stock 62.5K Direct F1, F2
transaction FREE Performance-Based Restricted Stock Units Options Exercise $0 -26.8K -11.81% $0.00 200K 01 May 2024 Common Stock 26.8K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") and performance-based restricted stock units ("PSUs") convert into shares of Whole Earth Brands, Inc.'s common stock on a one-for-one basis.
F2 On May 1, 2023, the Reporting Person was granted 62,500 RSUs, which vested on the first anniversary of the date of grant.
F3 On May 1, 2023, the Reporting Person was granted 26,786 PSUs, which were subject to the achievement by Whole Earth Brands, Inc. of certain financial performance criteria and which vested on the first anniversary of the date of grant.