Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PLSE | Stock Option (right to buy) | Award | $0 | +450K | $0.00 | 450K | Jan 9, 2025 | Common Stock | 450K | $18.43 | Direct | F1 | |
transaction | PLSE | Stock Option (right to buy) | Award | $0 | +1.05M | $0.00 | 1.05M | Jan 9, 2025 | Common Stock | 1.05M | $18.43 | Direct | F2 |
Id | Content |
---|---|
F1 | One-fourth of the shares subject to the option will vest on the three-year anniversary of the grant and the remaining shares will vest on the four-year anniversary of the grant, subject to the Reporting Person's continued service through each vesting date. |
F2 | The shares subject to this option are subject to five tranches of performance-based vesting criteria tied to certain operating targets and the Issuer's market capitalization ranging from $3 billion to $9 billion, in all cases, subject to the Reporting Person's continued service through each vesting milestone. |