Joseph Chen - 01 Jan 2023 Form 3 Insider Report for Renren Inc. (MTBL)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Randall Xu, Attorney-In-Fact
Issuer symbol
MTBL
Transactions as of
01 Jan 2023
Transactions value $
$0
Form type
3
Filing time
03 Jan 2023, 16:56:34 UTC
Next filing
20 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MTBL Class A Ordinary Shares 4.89M 01 Jan 2023 Direct
holding MTBL Class B Ordinary Shares 170M 01 Jan 2023 Direct
holding MTBL American Depositary Shares 3.57M 01 Jan 2023 Direct F1

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
holding MTBL Employee Shares Option (Right to Buy) 01 Jan 2023 Class A Ordinary Shares 3.15M $0.01 Direct F2
holding MTBL Employee Shares Option (Right to Buy) 01 Jan 2023 Class A Ordinary Shares 51.9M $0.01 Direct F2
holding MTBL Employee Shares Option (Right to Buy) 01 Jan 2023 Class A Ordinary Shares 39.8M $0.01 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each American depositary share ("ADS") represents 45 Class A ordinary shares, par value US $0.001 per share, of the Issuer. The number of ADSs reported herein includes 14,850,450 time-based restricted stock units (the "RSUs"), which will vest in equal monthly installments over the next 18 months. Each RSU represents a contingent right to receive one Class A ordinary share. Subject to tax withholding, the Issuer will deliver one ADS to the Reporting Person for every 45 vested RSUs.
F2 The option shares are fully vested and exercisable.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney