SEC Form 4 · accession 0001591956-18-000002
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
Jan 9, 2018
Accepted (ET)
Jan 18, 2018 · 4:15 pm EST
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 | Jan 9, 2018 | S | 3,551 | $3.00 | D | 0 | D | |
| Common StockF2 | Jan 16, 2018 | M | 19,201 | — | A | 19,201 | D | |
| Common StockF3 | Jan 17, 2018 | S | 8,802 | $2.32 | D | 10,399 | D | |
| Common StockF1 | Jan 18, 2018 | S | 10,399 | $2.49 | D | 0 | 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 UnitsF2,F4 | — | Jan 16, 2018 | M | 19,201 | D | — | — | Common Stock | 19,201 | 149,466 | D |
Explanation of responses
- F1This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 20, 2017.
- F2Each restricted stock unit ("RSU") represents a contingent right to receive one share of Sphere 3D Corp. common stock.
- F3This 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.
- F4The RSUs reported under column 9 represent four awards. The underlying shares and vesting schedules are as follows: (i) 2,666 shares which vest in equal installments on 4-5-18 and 10-5-18; (ii) 5,332 shares which vest in four bi-annual installments beginning on 2-9-18; (iii) 12,799 shares which vest in five equal monthly installments beginning 2-10-18; and (iv) 128,669 shares which vest in six bi-annual installments beginning on 6-18-18.