R. Rebecca Reed - Jan 1, 2025 Form 3 Insider Report for CuriosityStream Inc. (CURI)

Role
Gen Counsel
Signature
/s/ Becky Reeds
Stock symbol
CURI
Transactions as of
Jan 1, 2025
Transactions value $
$0
Form type
3
Date filed
1/10/2025, 04:27 PM
Next filing
Jan 22, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CURI Common Stock 21.1K Jan 1, 2025 Direct

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
holding CURI Restricted Stock Units Jan 1, 2025 Common Stock 40K Direct F1, F2
holding CURI Restricted Stock Units Jan 1, 2025 Common Stock 2.66K Direct F3
holding CURI Restricted Stock Units Jan 1, 2025 Common Stock 387 Direct F4
* 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 Ms. Reed 40,000 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.
F3 RSUs granted on 07/19/2021 vest in equal monthly installments through July 2025 as specified in the applicable award agreement. These RSUs do not have an exercise or conversion price as they represent the right to receive shares of the issuer's common stock upon vesting.
F4 RSUs granted on 09/20/2021 vest in equal monthly installments through September 2025 as specified in the applicable award agreement. These RSUs do not have an exercise or conversion price as they represent the right to receive shares of the issuer's common stock upon vesting.