Barry Salzberg - Sep 15, 2021 Form 4 Insider Report for Blue Apron Holdings, Inc. (APRN)

Role
Former Director
Signature
/s/ Barry Salzberg
Stock symbol
APRN
Transactions as of
Sep 15, 2021
Transactions value $
$0
Form type
4
Date filed
9/17/2021, 04:17 PM
Previous filing
Jun 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APRN Class A Common Stock Conversion of derivative security $0 +79.5K $0.00 79.5K Sep 15, 2021 Direct F1
transaction APRN Class A Common Stock Conversion of derivative security $0 +109K $0.00 109K Sep 15, 2021 By The Salzberg Family 2011 Trust F1, F2
transaction APRN Class A Common Stock Conversion of derivative security $0 +1.32M $0.00 1.32M Sep 15, 2021 See Footnote F1, F3
transaction APRN Class A Common Stock Conversion of derivative security $0 +181K $0.00 181K Sep 15, 2021 By MS 2018 Trust I F1, F4
transaction APRN Class A Common Stock Conversion of derivative security $0 +181K $0.00 181K Sep 15, 2021 By MS 2018 Trust II F1, F5
transaction APRN Class A Common Stock Options Exercise +6.08K +7.65% 85.6K Sep 15, 2021 Direct F6
transaction APRN Class A Common Stock Options Exercise +12.5K +14.6% 98K Sep 15, 2021 Direct F6

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 APRN Class B Common Stock Conversion of derivative security $0 -79.5K -100% $0.00* 0 Sep 15, 2021 Class A Common Stock 79.5K Direct F7
transaction APRN Class B Common Stock Conversion of derivative security $0 -109K -100% $0.00* 0 Sep 15, 2021 Class A Common Stock 109K By The Salzberg Family 2011 Trust F2, F7
transaction APRN Class B Common Stock Conversion of derivative security $0 -1.32M -100% $0.00* 0 Sep 15, 2021 Class A Common Stock 1.32M See Footnote F3, F7
transaction APRN Class B Common Stock Conversion of derivative security $0 -181K -100% $0.00* 0 Sep 15, 2021 Class A Common Stock 181K By MS 2018 Trust I F4, F7
transaction APRN Class B Common Stock Conversion of derivative security $0 -181K -100% $0.00* 0 Sep 15, 2021 Class A Common Stock 181K By MS 2018 Trust II F5, F7
transaction APRN Restricted Stock Units Options Exercise $0 -6.08K -100% $0.00* 0 Sep 15, 2021 Class A Common Stock 6.08K Direct F6, F8
transaction APRN Restricted Stock Units Options Exercise $0 -12.5K -100% $0.00* 0 Sep 15, 2021 Class A Common Stock 12.5K Direct F6, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Barry Salzberg is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents the number of shares that were acquired upon conversion of the shares of the issuer's Class B Common Stock listed in Table II, as described in footnote 7 below.
F2 The reporting person and his wife serve as co-trustees of The Salzberg Family 2011 Trust. The reporting person disclaims beneficial ownership of the shares owned by The Salzberg Family 2011 Trust except to the extent of any pecuniary interest therein.
F3 Represents shares held of record by Family Trust Created Under Article V of the Matthew Salzberg 2014 Annuity Trust Agreement (the "2014 Annuity Trust"), for which the reporting person and his son, Matthew B. Salzberg, serve as co-trustees. The reporting person disclaims beneficial ownership of the shares owned by the 2014 Annuity Trust except to the extent of any pecuniary interest therein.
F4 Represents shares held of record by MS 2018 Trust I, for which the reporting person and his son, Matthew B. Salzberg, serve as co-trustees. The reporting person disclaims beneficial ownership of the shares owned by MS 2018 Trust I except to the extent of any pecuniary interest therein.
F5 Represents shares held of record by MS 2018 Trust II, for which the reporting person and his son, Matthew B. Salzberg, serve as co-trustees. The reporting person disclaims beneficial ownership of the shares owned by MS 2018 Trust II except to the extent of any pecuniary interest therein.
F6 Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis.
F7 The issuer's Class B Common Stock was converted in full to Class A Common Stock on a one-for-one basis on the date reported upon the election of the reporting person and certain other holders of the Class B Common Stock, resulting in a mandatory conversion of all shares of Class B Common Stock on such date under the terms of the issuer's certificate of incorporation. Prior to such conversion the Class B shares were exercisable at the holder's election and had no expiration date.
F8 On October 15, 2020, the reporting person was granted 6,080 RSUs, which were scheduled to vest in full on the first anniversary of the date of grant. This transaction represents the accelerated settlement of such RSUs in shares of Class A Common Stock.
F9 On June 14, 2021, the reporting person was granted 12,494 RSUs, which were scheduled to vest in full on the earlier of June 14, 2022 and the date of the issuer's 2022 Annual Meeting of Stockholders. This transaction represents the accelerated settlement of such RSUs in shares of Class A Common Stock.