Seemab Muhammad Asif bought PLCE
August 11, 2026 · Form 4 insider transaction
Seemab Muhammad Asif bought 500,000 shares of The Children's Place, Inc. at $0.00 per share, 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.
Footnotes
The Subject Shares vest in three separate tranches upon the achievement of the following market capitalization milestones of the Issuer: (i) 166,667 shares vest when the Issuer's market capitalization equals or exceeds $265,000,000; (ii) 166,667 shares vest when the Issuer's market capitalization equals or exceeds $400,000,000; and (iii) 166,666 shares vest when the Issuer's market capitalization equals or exceeds $600,000,000, provided in each case that Mr. Seemab remains in service with the Issuer through the achievement of the applicable milestone. For purposes of the Transfer Agreement, "market capitalization" is determined by multiplying (x) the total number of shares of common stock of the Issuer outstanding as of the applicable date of determination by (y) the closing price of a share of the common stock of the Issuer on NASDAQ (or such other national securities exchange on which the shares of common stock of the Issuer are then listed) on such date; Any Subject Shares that have not vested on or prior to the fifth (5th) anniversary of the effective date of the Transfer Agreement will be forfeited and returned to Mithaq.