Thomas Anderson Wagner - Jul 26, 2021 Form 3 Insider Report for Berkshire Grey, Inc. (BGRY)

Role
Chief Executive Officer, Director
Signature
/s/ Christian Ehrbar, Attorney in Fact
Stock symbol
BGRY
Transactions as of
Jul 26, 2021
Transactions value $
$0
Form type
3
Date filed
7/30/2021, 03:54 PM
Next filing
Jul 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BGRY Class A Common Stock 4.71M Jul 26, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding BGRY Employee Stock Option (right to buy) Jul 26, 2021 Class A Common Stock 2.04M $1.14 Direct F2
holding BGRY Employee Stock Option (right to buy) Jul 26, 2021 Class A Common Stock 621K $1.14 Direct F3
holding BGRY Employee Stock Option (right to buy) Jul 26, 2021 Class A Common Stock 215K $1.14 Direct F4
holding BGRY Employee Stock Option (right to buy) Jul 26, 2021 Class A Common Stock 2.32M $1.14 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the business combination between Berkshire Grey, Inc. (f/k/a Revolution Acceleration Acquisition Corp) (the "Company") and Berkshire Grey Operating Company, Inc. (f/k/a Berkshire Grey, Inc.) ("Legacy Berkshire Grey"), and each share of Legacy Berkshire Grey common stock was converted into the right to receive approximately 5.87585 shares of the Company's Class A Common Stock.
F2 The stock options vest as to 25% of the underlying shares of Class A Common Stock on September 1, 2021, and with respect to the remaining shares in 36 equal monthly installments thereafter.
F3 33.33% of the stock options vested on attainment of a performance milestone on July 21, 2021. The remaining stock options shall vest upon the attainment of certain additional performance milestones.
F4 The stock options vest as to 25% of the underlying shares of Class A Common Stock on December 9, 2021, and with respect to the remaining shares in 36 equal monthly installments thereafter.

Remarks:

Exhibit 24 - Power of Attorney