Brian Litman - Mar 18, 2022 Form 4 Insider Report for Whole Earth Brands, Inc. (FREE)

Role
Chief Accounting Officer
Signature
/s/ Brian Litman, by Ira W. Schlussel, as Attorney-in-Fact
Stock symbol
FREE
Transactions as of
Mar 18, 2022
Transactions value $
-$17,987
Form type
4
Date filed
3/22/2022, 07:33 PM
Previous filing
Sep 30, 2021
Next filing
Mar 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FREE Common Stock Options Exercise +340 340 Mar 18, 2022 Direct F1
transaction FREE Common Stock Options Exercise +4.42K +1299.41% 4.76K Mar 18, 2022 Direct F1
transaction FREE Common Stock Options Exercise +2.27K +47.75% 7.03K Mar 18, 2022 Direct F1
transaction FREE Common Stock Tax liability -$18K -2.43K -34.62% $7.39 4.6K Mar 18, 2022 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 FREE Restricted Stock Units Options Exercise $0 -340 -1.78% $0.00 18.7K Mar 18, 2022 Common Stock 340 Direct F1, F2
transaction FREE Restricted Stock Units Options Exercise $0 -4.42K -23.59% $0.00 14.3K Mar 18, 2022 Common Stock 4.42K Direct F1, F3
transaction FREE Restricted Stock Units Options Exercise $0 -2.27K -15.88% $0.00 12K Mar 18, 2022 Common Stock 2.27K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into shares of Whole Earth Brands, Inc.'s common stock on a one-for-one basis.
F2 These restricted stock units vest one-third (1/3) annually over the next three (3) years, based on an initial date of March 18, 2021 as opposed to the previously reported grant date of September 30, 2021.
F3 On March 18, 2021, the reporting person was granted 4,418 restricted stock units, vesting in full after 12 months from the grant date.
F4 On March 18, 2021, the reporting person was granted 6,818 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.