Brady Hayden - 09 Oct 2024 Form 4 Insider Report for CuriosityStream Inc. (CURI)

Role: Chief Financial Officer
Signature: /s/ P. Brady Hayden
Issuer symbol: CURI
Transactions as of: 09 Oct 2024
Net transactions value: $0
Form type: 4
Filing time: 11 Oct 2024, 16:41:18 UTC
Previous filing: 16 Aug 2024
Next filing: 07 Nov 2024
SEC: View on sec.gov

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	CURI	Restricted Stock Units	Award	$0	+152,500		$0.000000	152,500	09 Oct 2024	Common Stock	152,500		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On October 9, 2024, the Company granted Mr. Hayden 152,500 restricted stock units (RSUs) under the 2020 Omnibus Incentive Plan. Each RSU represents the right to receive one share of common stock. The RSUs granted are performance-based, subject to the Company achieving certain adjusted free cash flow (AFCF) objectives during the period from October 1, 2024, to September 30, 2025 (Performance Period).
F2	The RSUs granted will vest one third upon the date the Board determines the Company has achieved AFCF of $4,500,000 during the Performance Period ("First Condition"); and two thirds upon the date the Board determines the Company has achieved AFCF of $9,000,000 during the Performance Period ("Second Condition," together with the First Condition, the "Performance Conditions"); in the event that neither Performance Condition is met, the RSUs granted will be cancelled; in the event that the First Condition is met but the Second Condition is not, the remaining two thirds of unvested RSUs will be cancelled. All vesting events are subject to continued employment on each applicable vesting date.

Content

On October 9, 2024, the Company granted Mr. Hayden 152,500 restricted stock units (RSUs) under the 2020 Omnibus Incentive Plan. Each RSU represents the right to receive one share of common stock. The RSUs granted are performance-based, subject to the Company achieving certain adjusted free cash flow (AFCF) objectives during the period from October 1, 2024, to September 30, 2025 (Performance Period).

The RSUs granted will vest one third upon the date the Board determines the Company has achieved AFCF of $4,500,000 during the Performance Period ("First Condition"); and two thirds upon the date the Board determines the Company has achieved AFCF of $9,000,000 during the Performance Period ("Second Condition," together with the First Condition, the "Performance Conditions"); in the event that neither Performance Condition is met, the RSUs granted will be cancelled; in the event that the First Condition is met but the Second Condition is not, the remaining two thirds of unvested RSUs will be cancelled. All vesting events are subject to continued employment on each applicable vesting date.