Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | MQ | Restricted Stock Units | Award | $0 | +502K | $0.00 | 502K | Mar 15, 2025 | Class A Common Stock | 502K | Direct | F1, F2 | ||
transaction | MQ | Restricted Stock Units | Award | $0 | +255K | $0.00 | 255K | Mar 15, 2025 | Class A Common Stock | 255K | Direct | F1, F3 | ||
transaction | MQ | Performance Stock Units (Gross Profit) | Award | $0 | +151K | +126.12% | $0.00 | 270K | Mar 15, 2025 | Class A Common Stock | 151K | Direct | F4, F5 | |
transaction | MQ | Performance Stock Units (Adjusted EBITDA) | Award | $0 | +64.5K | +126.12% | $0.00 | 116K | Mar 15, 2025 | Class A Common Stock | 64.5K | Direct | F4, F6 |
Id | Content |
---|---|
F1 | Each restricted stock unit is convertible into one share of Class A Common Stock. |
F2 | One-twelfth (1/12th) of the restricted stock units vest on June 1, 2025 and one-twelfth (1/12th) of the remaining restricted stock units vest quarterly on each September 1, December 1, March 1 and June 1 thereafter, subject to the Reporting Person's continued service to the Issuer as of each vesting date. |
F3 | 100% of the restricted stock units vest on the date that is six months following the date that the Issuer's Board appoints a new CEO (the "Appointment Date"), subject to the Reporting Person's continued service to the Issuer as of such vesting date; provided however, that if, following the Appointment Date, the Reporting Person's employment with the Issuer is terminated without Cause (as defined in the Issuer's Executive Severance Plan as currently in effect), 100% of the restricted stock units immediately will vest subject to satisfying the Release Requirement (as defined in the Issuer's Executive Severance Plan as currently in effect). |
F4 | Each performance stock unit is convertible into one share of Class A Common Stock. |
F5 | Represents the number of shares which may be issued at target under the performance stock unit ("PSU") over a period of time following achievement of certain profit targets as set forth in the PSU agreement, subject to the Reporting Person's continued service to the Issuer as of each vesting date. At maximum achievement, 200% of the shares would vest. |
F6 | Represents the number of shares which may be issued at target under the PSU over a period of time following achievement of certain EBITDA targets as set forth in the PSU agreement, subject to the Reporting Person's continued service to the Issuer as of each vesting date. At maximum achievement, 200% of the shares would vest. |
Interim Chief Executive Officer and Chief Financial Officer