Jonathan M. Parnell - Aug 18, 2021 Form 4 Insider Report for ATLAS TECHNICAL CONSULTANTS, INC. (ATCX)

Role: Chief Strategy Officer
Signature: /s/ Jonathan M. Parnell, 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, 04:03 PM
Previous filing: May 10, 2021
Next filing: Sep 16, 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.

Content

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.