Joseph Chen - 16 Mar 2023 Form 4 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
16 Mar 2023
Transactions value $
$35,595
Form type
4
Filing time
20 Mar 2023, 19:54:23 UTC
Previous filing
03 Jan 2023
Next filing
25 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTBL Class A Ordinary Shares Options Exercise $35.6K +3.15M +64.4% $0.01* 8.04M 16 Mar 2023 Direct
holding MTBL Class B Ordinary Shares 170M 16 Mar 2023 Direct
holding MTBL American Depositary Shares 3.57M 16 Mar 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
transaction MTBL Employee Shares Option (Right to Buy) Options Exercise $0 -3.15M -100% $0.00* 0 16 Mar 2023 Class A Ordinary Shares 3.15M $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 12,375,000 time-based restricted stock units (the "RSUs"), which will vest in equal monthly installments over an 15-month period, beginning March 14, 2023. 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 as of March 22, 2018.