Joshua B. Friedman - May 25, 2022 Form 4 Insider Report for Blue Apron Holdings, Inc. (APRN)

Role
Chief Product Officer
Signature
/s/ Meredith Deutsch, as attorney-in-fact for Josh Friedman
Stock symbol
APRN
Transactions as of
May 25, 2022
Transactions value $
$0
Form type
4
Date filed
5/27/2022, 04:17 PM
Previous filing
Apr 18, 2022

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 Restricted Stock Units Award $0 +30.4K $0.00 30.4K May 25, 2022 Class A Common Stock 30.4K Direct F1, F2
transaction APRN Performance Stock Units Award $0 +30.4K $0.00 30.4K May 25, 2022 Class A Common Stock 30.4K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis.
F2 On May 25, 2022, the reporting person was granted RSUs, 33% of the RSUs shall vest on the one-year anniversary of May 25, 2022, and the remaining RSUs shall vest in equal quarterly installments (on each May 25, August 25, November 25 and February 25) over the remaining two-year period following the one-year anniversary of May 25, 2022.
F3 Each performance stock unit ("PSU") represents a right to receive one share of Class A Common Stock.
F4 On May 25, 2022, the reporting person was granted PSUs. The number of PSUs that could be earned and vest under this grant depend on the issuer's total shareholder return ("TSR") over the performance period beginning February 25, 2022 and ending February 25, 2025 relative to the TSR of the group companies in the Russell 2000 Index. The number of shares shown is the target award level. The actual number of shares that may vest ranges from 0% to 200% of the target amount.