PHILLIP E. HUFF - 05 Apr 2022 Form 4 Insider Report for EVERBRIDGE, INC.

Role
VP, Chief Accounting Officer
Signature
Elliot J. Mark, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
05 Apr 2022
Net transactions value
$0
Form type
4
Filing time
07 Apr 2022, 17:04:15 UTC
Previous filing
21 Mar 2022
Next filing
03 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
transaction EVBG Restricted Stock Unit Award $0 +2,139 $0.000000 2,139 05 Apr 2022 Common Stock 2,139 $0.000000 Direct F1, F2
transaction EVBG Performance-based Restricted Stock Unit Award $0 +2,139 $0.000000 2,139 05 Apr 2022 Common Stock 2,139 $0.000000 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock units under the Everbridge, Inc. 2016 Equity Incentive Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of Everbridge common stock. The restricted stock units are scheduled to vest in equal installments over twelve calendar quarters, with the first such installment vesting on July 31, 2022, such that all of the restricted stock units will be vested on July 31, 2025, provided, however, as long as the reporting person remains in the service of Everbridge through the respective vesting date.
F2 Not applicable.
F3 Represents a grant of performance-based restricted stock units ("PSU") under the Everbridge, Inc. 2016 Equity Incentive Plan. Each PSU represents the contingent right to receive, upon vesting of the unit, one share of Everbridge common stock. Up to seventy-five percent (75%) of the PSUs will become eligible to vest at the end of the fiscal quarter after the second anniversary of the grant date based on the compound annual growth rate ("CAGR") achieved during the eight fiscal quarters preceding the then most recent fiscal quarter, and up to an additional seventy-five percent (75%) of the PSUs will become eligible to vest at the end of the fiscal quarter after the third anniversary of the grant date based on the CAGR achieved during the 12 fiscal quarters preceding the then most recent fiscal quarter.