Calvin Rice - Feb 29, 2024 Form 4 Insider Report for Spok Holdings, Inc (SPOK)

Role
Chief Financial Officer & CAO
Signature
/Calvin Rice/
Stock symbol
SPOK
Transactions as of
Feb 29, 2024
Transactions value $
$42,757
Form type
4
Date filed
3/1/2024, 04:00 PM
Previous filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPOK Common Stock Options Exercise $74.2K +4.38K +36.64% $16.92 16.3K Feb 29, 2024 Direct F1
transaction SPOK Common Stock Tax liability -$31.4K -1.86K -11.36% $16.92 14.5K Feb 29, 2024 Direct

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
transaction SPOK Restricted Stock Unit Options Exercise $0 -4.38K -6.67% $0.00 61.3K Feb 29, 2024 Common Stock 4.38K Direct F1, F2
transaction SPOK Restricted Stock Unit Tax liability $0 -108 -0.18% $0.00 61.2K Feb 29, 2024 Common Stock 108 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 4, 2021, Mr. Rice was granted an award of Restricted Stock Units ("RSUs"), which vest in the form of Common Stock if specified performance objectives of the Company set forth in the 2021 Long Term Incentive Plan ("LTIP") are achieved for the year ending December 31, 2023. On February 29, 2024, shares were issued upon vesting of the RSUs.
F2 Each Restricted Stock Units ("RSUs") represents a contingent right to receive one share of the issuer's Common Stock.
F3 On February 29, 2024, 108 shares were forfeited due to performance criteria of the 2021 LTIP not being met.