Timothy E. Lee - Nov 19, 2022 Form 4 Insider Report for Wejo Group Ltd (WEJOF)

Role: Director
Signature: /s/ Mina Bhama, attorney-in-fact for Timothy E. Lee
Stock symbol: WEJOF
Transactions as of: Nov 19, 2022
Transactions value $: $36,500
Form type: 4
Date filed: 4/5/2023, 04:03 PM
Previous filing: Jul 29, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WEJOF	Common Shares	Options Exercise	$0	+470K	+15.58%	$0.00	3.49M	Nov 19, 2022	Direct	F1
transaction	WEJOF	Common Shares	Award	$36.5K	+82.6K	+2.37%	$0.44^*	3.57M	Apr 4, 2023	Direct	F2
holding	WEJOF	Common Shares						108K	Nov 19, 2022	By Calibogue Capital Fund One LLC

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	WEJOF	Restricted Share Unit	Options Exercise	$0	-470K	-50%	$0.00	470K	Nov 19, 2022	Common Shares	470K	$0.00	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Represents Common Shares issued on the settling of vested restricted share units ("RSUs") awarded to the Reporting Person on November 19, 2021. Under the terms of the applicable award agreement, 50% of the RSUs settle on each of November 19, 2022 and November 19, 2023, with the form of such payment being made 60% in Common Shares and 40% in cash, or such other mix of Common Shares and cash as determined in the discretion of the Company's Compensation Committee, as provided by the terms of the applicable award agreement. On November 17, 2022, the Compensation Committee resolved to settle the first 50% of the RSUs 100% in Common Shares.
F2	Represents fully vested Common Shares issued in payment of the Reporting Person's retainer fees for Board and Committee service for the quarters ended September 30, 2022 and December 31, 2022 in the aggregate amount of $36,500 in lieu of cash under the Company's temporary Board retainer payment program, which was approved by the Company's Board of Directors on October 14, 2022.

Content

Represents Common Shares issued on the settling of vested restricted share units ("RSUs") awarded to the Reporting Person on November 19, 2021. Under the terms of the applicable award agreement, 50% of the RSUs settle on each of November 19, 2022 and November 19, 2023, with the form of such payment being made 60% in Common Shares and 40% in cash, or such other mix of Common Shares and cash as determined in the discretion of the Company's Compensation Committee, as provided by the terms of the applicable award agreement. On November 17, 2022, the Compensation Committee resolved to settle the first 50% of the RSUs 100% in Common Shares.

Represents fully vested Common Shares issued in payment of the Reporting Person's retainer fees for Board and Committee service for the quarters ended September 30, 2022 and December 31, 2022 in the aggregate amount of $36,500 in lieu of cash under the Company's temporary Board retainer payment program, which was approved by the Company's Board of Directors on October 14, 2022.