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American Bitcoin Corp. — Director's Dealing 2020
Feb 25, 2020
30919_dirs_2020-02-24_afa25fc1-6041-4eff-8ffe-cef01df644e6.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: 2020-02-20
Reporting Person: Billingsley Jessica (Director, Chief Executive Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-02-20 | Restricted Stock Units | $0 | A | 10000 | Acquired | Common Stock (10000) | 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 in cash or stock, in the Company's its sole discretion.
F2: Ms. Billingsley was granted 10,000 RSUs under the Akerna Corp. 2019 Long Term Incentive Plan (the "Plan"). The RSUs will vest as follows: 2,500 of the RSUs vest July 1, 2020; 2,500 vest on July 1, 2021; 2,500 vest on July 1, 2022 and 2,500 vest on July 1, 2023; provided that the RSUs shall vest immediately upon a Change in Control. Subject to Ms. Billingsley's continued employment with the Company, the RSUs shall be settled on the final vesting date. All capitalized but undefined terms have the meanings ascribed thereto by the Plan.