| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | QRTEA | Restricted Stock Units - QRTEA | Award | $0 | +509K | $0.00 | 509K | Aug 18, 2021 | Series A Common Stock | 509K | Direct | F1, F2, F3 | ||
| transaction | QRTEA | Stock Option (right to buy) - QRTEA | Award | $0 | +1.19M | $0.00 | 1.19M | Aug 18, 2021 | Series A Common Stock | 1.19M | $10.50 | Direct | F4, F5 |
| Id | Content |
|---|---|
| F1 | Each restricted stock unit represents a contingent right to receive one share of Series A common stock. |
| F2 | This grant of restricted stock units is made pursuant to the employment agreement, effective as of July 12, 2021, between the reporting person and the Issuer (the "Agreement"). Pursuant to the Agreement, the reporting person was entitled to an award of restricted stock units with respect to the Issuer's Series A common stock with a grant date value equal to $5,979,167, subject to the terms and conditions set forth in the Agreement. |
| F3 | The restricted stock units will vest 13% on December 10, 2021, and 29% on each of December 10, 2022, December 10, 2023 and December 10, 2024. |
| F4 | This stock option is granted pursuant to the Agreement. Pursuant to the Agreement, the reporting person was entitled to receive options to acquire the Issuer's Series A common stock with a grant date value equal to $6,662,500 and with an exercise price equal to the Fair Market Value (as defined in the Qurate Retail, Inc. 2020 Omnibus Incentive Plan, as amended from time to time) on the date of grant, subject to the other terms and conditions set forth in the Agreement. |
| F5 | The options will vest 50% on December 31, 2023 and 50% on December 31, 2024. |