July 28, 2025 · Form 4 insider transaction
RICCI PAUL bought 2,109,546 shares of Luminar Technologies, 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 1 day after the transaction.
Consists of (i) 468,788 shares of Class A common stock ("Shares") underlying restricted stock unit awards fully vested on the grant date, subject to clawback if within 12 months following the employment start date, the Issuer terminates the executive's employment for "cause" or he resigns without "good reason," (ii) 820,379 Shares underlying a time-based restricted stock unit award which will vest over a three (3) year period from May 27, 2025 in equal installments on a semi-annual basis, subject to continued service and (iii) up to 820,379 Shares underlying a performance restricted stock unit award eligible to vest in three equal installments based on the Issuer's achievement of market capitalization milestones, subject to continued service.