Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | RBRK | Restricted Stock Units | Options Exercise | $0 | -150K | -100% | $0.00 | 0 | Jan 7, 2025 | Class B Common Stock | 150K | Direct | F2, F3 | |
transaction | RBRK | Class B Common Stock | Options Exercise | +150K | 150K | Jan 7, 2025 | Class A Common Stock | 150K | Direct | F4 | ||||
transaction | RBRK | Class B Common Stock | Conversion of derivative security | -150K | -100% | 0 | Jan 7, 2025 | Class A Common Stock | 150K | Direct | F4 |
Id | Content |
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F1 | This sale reported on this Form 4 was effected pursuant to the Issuer's policy requiring sell-to-cover to satisfy certain tax obligations of the Reporting Person incurred with the vesting and settlement of certain Restricted Stock Units (RSUs). |
F2 | Each RSU represents a contingent right to receive one share of Class B Common Stock. |
F3 | The RSUs shall vest as follows: all of the shares subject to the RSU will vest upon the Issuer's achievement of a specified average price per share prior to the expiration of the RSU award, subject to the Reporting Person subject to the Reporting Person continuing to have a Service Relationship (as defined in the Amended and Restated Issuer's Amended and Restated 2014 Stock Option and Grant Plan). |
F4 | Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock upon the sale or transfer of such share of Class B Common Stock, subject to certain exceptions, and in certain other circumstances described in the Issuer's amended and restated certificate of incorporation. Each share of Class B Common Stock will also be convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. |