David D. Quinn Sr. - Aug 18, 2021 Form 4 Insider Report for ATLAS TECHNICAL CONSULTANTS, INC. (ATCX)

Signature
/s/ David D. Quinn, Sr., by Laura Strunk as Attorney-in-Fact
Stock symbol
ATCX
Transactions as of
Aug 18, 2021
Transactions value $
$0
Form type
4
Date filed
8/20/2021, 04:02 PM
Previous filing
May 10, 2021
Next filing
Sep 17, 2021

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 ATCX Performance Stock Option Award $0 +103K $0.00 103K Aug 18, 2021 Class A Common Stock 103K $10.50 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Subject to the satisfaction of the service-based vesting conditions described below, the performance stock option ("PSO") may be deemed earned upon the attainment of share price targets (based on a 60-day trading average) for Atlas Technical Consultants, Inc.'s Class A Common Stock. Twenty-five percent (25%) of the PSO will be deemed earned with respect to the share price conditions upon attainment of each of the following share price targets: $20 per share, $25 per share, $30 per share and $35 per share. To the extent the share price targets have been attained, the PSOs will vest in four equal installments (twenty-five percent (25%) each) with respect to the service-based vesting conditions and become exercisable upon each of the second, third, fourth and fifth anniversaries of the grant date, subject to the participant's continued employment with Atlas Technical Consultants, Inc. or its affiliate or successor.