Adir Katzav - 21 Jul 2023 Form 4 Insider Report for KIDPIK CORP. (PIK)

Role
Former EVP, CFO, and Treasurer
Signature
/s/ Adir Katzav
Issuer symbol
PIK
Transactions as of
21 Jul 2023
Net transactions value
-$2,491
Form type
4
Filing time
25 Jul 2023, 19:49:39 UTC
Previous filing
17 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PIK Common Stock Options Exercise $0 +42,334 +63% $0.000000 109,045 21 Jul 2023 Direct
transaction PIK Common Stock Tax liability $2,491 -3,685 -3.4% $0.6760 105,360 21 Jul 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 PIK Restricted Stock Unit Options Exercise $0 -42,334 -100% $0.000000* 0 21 Jul 2023 Common Stock 42,334 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Adir Katzav is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the vesting of 42,334 restricted stock units to the Reporting Person on July 21, 2023.
F2 Each restricted stock unit represents the contingent right to receive, at settlement, one share of common stock.
F3 The restricted stock units vest at the rate of (i) 1/3 on May 15, 2022; (ii) 1/3 on May 15, 2023; and (iii) 1/3 on July 21, 2023, pursuant to the terms of the Separation and Release Agreement.