SEC Form 4 · accession 0001062993-18-002889
DarkHorse Technologies Inc. · DRK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jenny C Yeh
Officer — SVP & General Counsel
Period of report
Jul 10, 2018
Accepted (ET)
Jul 12, 2018 · 4:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001591956
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 10, 2018 | M | 2,133 | — | A | 15,619 | D | |
| Common StockF2 | Jul 11, 2018 | S | 836 | $0.39 | D | 14,783 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | — | Jul 10, 2018 | M | 2,133 | D | — | — | Common Stock | 2,133 | 112,556 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of Sphere 3D Corp. common stock.
- F2This transaction represents the sale of shares by the reporting person to satisfy the issuer's tax withholding obligations in connection with the vesting of the RSUs.
- F3The RSUs reported under column 9 represent three awards. The underlying shares and vesting schedules are as follows: (i) 1,333 shares which vest on 10-5-18; (ii) 3,999 shares which vest in three bi-annual installments beginning on 8-9-18; and (iii) 107,224 shares which will vest in five bi-annual installments on 12-18-18.