DOUGLAS CROXALL - 29 Sep 2021 Form 4 Insider Report for Crown Electrokinetics Corp. (CRKN)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Douglas B. Croxall
Issuer symbol
CRKN
Transactions as of
29 Sep 2021
Transactions value $
$0
Form type
4
Filing time
17 Dec 2021, 11:15:56 UTC
Previous filing
31 Mar 2023
Next filing
28 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRKN Restricted Stock Award Award $0 +238,095 $0 238,095 29 Sep 2021 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 CRKN Restricted Stock Unit Award +1,061,905 1,061,905 29 Sep 2021 Common Stock 1,061,905 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Issued as reimbursement for certain fees and expenses previously advanced to third parties by the Reporting Person.
F2 Awarded in connection with the listing of the Issuer's common stock on The Nasdaq Stock Market pursuant to the Issuer's 2020 Employee Incentive Plan in satisfaction of the Reporting Person's entitlement to such award as set forth in the Reporting Person's employment agreement with the Issuer. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. Certain of these restricted stock units were issued as reimbursement for securities previously held by the Reporting Person that were cancelled by the Issuer.
F3 The restricted stock units vest on January 26, 2022, subject to the Reporting Person remaining in continuous service with the Issuer through such date. In the event of a change in control of the Issuer, all then-unvested restricted stock units will vest as of the date of such change in control; if the Reporting Person terminates service with the Issuer as a result of his death, disability or a termination by the Issuer without cause, 100% of the unvested restricted stock units will vest as of the date of such termination. Share of unrestricted Common Stock of the Issuer will be issued with respect to vested restricted stock units on the earliest to occur of (1) January 26, 2022; (2) the Reporting Person's separation from service; (3) a change in control; or (4) the Reporting Person's death.
F4 Not applicable.