Frits D. Van Paasschen - Feb 13, 2025 Form 4 Insider Report for Sonder Holdings Inc. (SOND)

Role
Director
Signature
/s/ Vanessa Barmack Attorney-in Fact for Frits Dirk van Paasschen
Stock symbol
SOND
Transactions as of
Feb 13, 2025
Transactions value $
$0
Form type
4
Date filed
2/18/2025, 06:09 PM
Previous filing
May 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOND Common Stock Options Exercise +12.5K +159.09% 20.4K Feb 13, 2025 Direct F1, F2, F3
transaction SOND Common Stock Award $0 +49.7K +243.75% $0.00 70.1K Feb 13, 2025 Direct F4

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 SOND Restricted Stock Units Options Exercise $0 -12.5K -100% $0.00 0 Feb 13, 2025 Common Stock 12.5K Direct F1, F2, F5
holding SOND Employee stock option (right to buy) 10.4K Feb 13, 2025 Common Stock 10.4K $57.00 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock.
F2 On September 20, 2023 the issuer effected a 1-for-20 reverse stock split (the "Reverse Stock Split"). The number of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.
F3 Reflects the delayed vesting upon the effectiveness of the issuer's Registration Statement on Form S-8 with respect to the shares of common stock available for issuance under the issuer's 2021 Equity Incentive Plan, as amended, which were due to vest on June 7, 2024. The issuance of the shares of common stock was delayed until the issuer's filing of its delinquent periodic reports.
F4 Represents RSUs granted on February 13, 2025 as compensation for service as a director. The RSUs will vest in full on the earlier of (i) the one-year anniversary of the grant date of February 13, 2024, or (ii) the date of the 2025 annual meeting of shareholders, each subject to the reporting person's continued service as a director through the vesting date. Each RSU represents a contingent right to receive one share of common stock.
F5 Represents RSUs granted on June 7, 2023 as compensation for service as a director. The RSUs will vest in full on the earlier of (i) the one-year anniversary of the grant date, or (ii) the date of the issuers 2024 annual meeting of stockholders. Each RSU represents a contingent right to receive one share of common stock. The vesting of these RSUs was delayed upon the effectiveness of the issuer's Registration Statement on Form S-8 with respect to the shares of common stock available for issuance under the issuer's 2021 Equity Incentive Plan, as amended, which were due to vest on June 7, 2024. The issuance of the shares of common stock was delayed until the issuer's filing of its delinquent periodic reports.
F6 25% of the shares subject to the option vested on November 1, 2020 and 1/48th of the shares subject to the option vest monthly thereafter, subject to the reporting person remaining as a service provider to the issuer on each vesting date.

Remarks:

EX-24