Yi Tsai - Sep 7, 2021 Form 4 Insider Report for Zedge, Inc. (ZDGE)

Role: CFO & Treasurer
Signature: Joyce J. Mason, by Power of Attorney
Stock symbol: ZDGE
Transactions as of: Sep 7, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/9/2021, 07:21 PM
Next filing: Sep 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ZDGE	Class B Common Stock, par value $.01 per share						5.37K	Sep 7, 2021	By 401(k) Plan	F1

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	ZDGE	Deferred Stock Units	Award	$0	+24K		$0.00	24K	Sep 7, 2021	Class B Common Stock	24K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	As of September 9, 2021.
F2	Represents a grant of 24,000 deferred stock units ("DSUs"). Each DSU has the right to receive one share of the Issuer's Class B common stock. Vesting of 30% of the DSUs will be time-based as follows: 25% on September 7, 2022, 33% on September 7, 2023, and 42% on September 7, 2024. Vesting of the remaining 70% of the DSUs will be on the following dates in the following amounts only if the aggregate market capitalization of the Issuer's equity securities has reached or exceeded $451 million for five consecutive trading days between the grant date and the vest date: 25% on September 7, 2022, up to 58% (the prior 25% and an additional 33%) on September 7, 2023, and up to 100% on September 7, 2024. In the event the market capitalization condition has not been met prior to a vesting date, but is met by a subsequent vesting date, all DSUs eligible for vesting prior to that date shall vest.

Content

As of September 9, 2021.

Represents a grant of 24,000 deferred stock units ("DSUs"). Each DSU has the right to receive one share of the Issuer's Class B common stock. Vesting of 30% of the DSUs will be time-based as follows: 25% on September 7, 2022, 33% on September 7, 2023, and 42% on September 7, 2024. Vesting of the remaining 70% of the DSUs will be on the following dates in the following amounts only if the aggregate market capitalization of the Issuer's equity securities has reached or exceeded $451 million for five consecutive trading days between the grant date and the vest date: 25% on September 7, 2022, up to 58% (the prior 25% and an additional 33%) on September 7, 2023, and up to 100% on September 7, 2024. In the event the market capitalization condition has not been met prior to a vesting date, but is met by a subsequent vesting date, all DSUs eligible for vesting prior to that date shall vest.