March 19, 2024 · Form 4 insider transaction
Lawson Blake bought 49,716 shares of RumbleOn Inc, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
On March 19, 2024, the reporting person received a grant of 49,716 performance-based restricted stock units ("PSU") under the 2017 Stock Incentive Plan, as amended. This grant is pursuant to the terms of his employment agreement and calculated based upon the share price of RMBL Class B Common Stock at the conclusion of the second trading day following the Company's release of earnings for Q4 2023. Each PSU represents a contingent right to receive one share of RMBL Class B Common Stock. The PSUs vest when the minimum closing price of RMBL Class B Common Stock remains at or above the minimum closing price for at least 30 consecutive trading days ("Target"), subject to his continuous employment and the other terms of the grant. One-third of the grant, or 16,572 PSUs, vest at each applicable Target as follows: $12, $17 and $22.