SEC Form 4 · accession 0001591956-18-000027
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
May 10, 2018
Accepted (ET)
May 14, 2018 · 4:54 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 | May 10, 2018 | M | 2,133 | — | A | 2,133 | D | |
| Common StockF2 | May 11, 2018 | S | 962 | $0.35 | D | 1,171 | D | |
| Common StockF3 | May 14, 2018 | S | 1,171 | $0.36 | 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 UnitsF1,F4 | — | May 10, 2018 | M | 2,133 | D | — | — | Common Stock | 2,133 | 138,267 | 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.
- F3This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 20, 2017.
- F4The RSUs reported under column 9 represent four 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; (iii) 4,266 which vest in two equal monthly installments beginning 6-10-18; and (iv) 128,669 shares which vest in six bi-annual installments beginning on 6-18-18.