Matthew Messinger - Aug 29, 2024 Form 4 Insider Report for Trinity Place Holdings Inc. (TPHS)

Role
Director, Former President and CEO
Signature
/s/ Richard Pyontek, as Attorney-in Fact for Matthew Messinger
Stock symbol
TPHS
Transactions as of
Aug 29, 2024
Transactions value $
-$11,508
Form type
4
Date filed
8/30/2024, 04:15 PM
Previous filing
Feb 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPHS Common Stock Options Exercise +73.3K +3.38% 2.24M Aug 29, 2024 Direct F1
transaction TPHS Common Stock Tax liability -$1.8K -35.9K -1.6% $0.05 2.21M Aug 29, 2024 Direct
transaction TPHS Common Stock Options Exercise +147K +6.65% 2.35M Aug 29, 2024 Direct F1
transaction TPHS Common Stock Tax liability -$3.59K -71.8K -3.05% $0.05 2.28M Aug 29, 2024 Direct
transaction TPHS Common Stock Options Exercise +250K +10.96% 2.53M Aug 29, 2024 Direct F1
transaction TPHS Common Stock Tax liability -$6.12K -122K -4.84% $0.05 2.41M Aug 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 TPHS Restricted Stock Units Options Exercise $0 -73.3K -100% $0.00 0 Aug 29, 2024 Common Stock 73.3K Direct F1, F2
transaction TPHS Restricted Stock Units Options Exercise $0 -147K -100% $0.00 0 Aug 29, 2024 Common Stock 147K Direct F1, F3
transaction TPHS Restricted Stock Units Options Exercise $0 -250K -100% $0.00 0 Aug 29, 2024 Common Stock 250K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") converts into one share of common stock of Trinity Place Holdings Inc.
F2 On January 3, 2022, the reporting person was granted 220,000 RSUs, subject to vesting and settlement as described in the reporting person's Form 4 filed on January 4, 2022. On April 26, 2024, the reporting person entered into an amendment to his employment agreement, pursuant to which, among other things, the remaining RSUs held by the reporting person vested. The settlement of 73,334 RSUs occurred on August 29, 2024.
F3 On January 3, 2023, the reporting person was granted 220,000 RSUs, subject to vesting and settlement as described in the reporting person's Form 4 filed on January 5, 2023. On April 26, 2024, the reporting person entered into an amendment to his employment agreement, pursuant to which, among other things, the remaining RSUs held by the reporting person vested. The settlement of 146,667 RSUs occurred on August 29, 2024.
F4 On January 2, 2024, the reporting person was granted 250,000 RSUs, subject to vesting and settlement as described in the reporting person's Form 4 filed on January 3, 2024. On April 26, 2024, the reporting person entered into an amendment to his employment agreement, pursuant to which, among other things, the remaining RSUs held by the reporting person vested. The settlement of 250,000 RSUs occurred on August 29, 2024.