Lynne Laube - Oct 6, 2021 Form 4 Insider Report for Cardlytics, Inc. (CDLX)

Role
Chief Executive Officer, Director
Signature
/s/ Kirk Somers, Attorney-in-Fact
Stock symbol
CDLX
Transactions as of
Oct 6, 2021
Transactions value $
$0
Form type
4
Date filed
10/6/2021, 06:08 PM
Previous filing
Dec 20, 2021
Next filing
Oct 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDLX Common Stock Options Exercise +28.1K +9.12% 336K Oct 6, 2021 Direct F1, F2
holding CDLX Common Stock 14.6K Oct 6, 2021 See Footnote F3
holding CDLX Common Stock 14.6K Oct 6, 2021 See Footnote F4

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 CDLX Performance Stock Unit Award $0 +56.3K $0.00 56.3K Oct 6, 2021 Common Stock 56.3K Direct F2, F5
transaction CDLX Performance Stock Unit Options Exercise $0 -28.1K -50% $0.00 28.1K Oct 6, 2021 Common Stock 28.1K Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the underlying vested shares of common stock of the Issuer which have not been delivered.
F2 Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's Common Stock.
F3 The reportable securities are held by the 2013 Lynne Marie Laube GRAT fbo Keegan George Allbright.
F4 The reportable securities are held by the 2013 Lynne Marie Laube GRAT fbo Hayley Marie Allbright.
F5 On October 6, 2021 the Compensation Committee of the Issuer's Board of Directors certified that a target minimum number of advertisers with a specified billings threshold over a trailing 12-month period was achieved (the "Certification") resulting in the award of the tranche of the PSU grant related to achieving the advertiser count target ("advertiser tranche"). Fifty percent (50%) of the shares subject to the advertiser tranche of the awarded PSU vested upon the Certification, twenty-five percent (25%) of the shares subject to the advertiser tranche of the awarded PSU will vest 6 months after the Certification, and twenty-five percent (25%) of the shares subject to the advertiser tranche of the awarded PSU will vest 12 months after the Certification, subject to continued service to the Issuer.