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American Bitcoin Corp. — Director's Dealing 2019
Oct 7, 2019
30919_dirs_2019-10-07_5f2af981-ebd0-49e0-ba35-c47bbed4bf82.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Akerna Corp. (KERN)
CIK: 0001755953
Period of Report: 2019-10-07
Reporting Person: Simosko Nina (Chief Revenue Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-10-07 | Restricted Stock Units | $ | A | 125156 | Acquired | Common Stock, par value $0.0001 (125156) | Direct |
Footnotes
F1: Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Akerna Corp. (the "Company"). The Company may also elect to settle the vested RSUs for cash at its discretion.
F2: Ms. Simosko was granted 125,156 RSUs under the Akerna Corp. 2019 Long Term Incentive Plan (the "Plan"), which vest as follows: 31,379 shares shall vest on October 7, 2020; 31,379 shares shall vest on October 7, 2021; 31,379 shares shall vest on October 7, 2022; and 31,379 shares shall vest on October 7, 2023; provided that (i) the RSUs shall vest immediately upon a Change in Control, and (ii) 33% of the unvested RSUs shall vest immediately on the date that Ms. Simosko is terminated without cause or by her with good reason. Subject to Ms. Simosko's continued employment with the Company, the shares of common stock deliverable upon vesting of the RSUs shall be delivered on October 7, 2023. All capitalized but undefined terms have the meanings ascribed thereto by the Plan.