0000950170-23-036414.txt : 20230801
0000950170-23-036414.hdr.sgml : 20230801
20230801154804
ACCESSION NUMBER: 0000950170-23-036414
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230728
FILED AS OF DATE: 20230801
DATE AS OF CHANGE: 20230801
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: WESTLEY PETER
CENTRAL INDEX KEY: 0001663979
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39139
FILM NUMBER: 231131457
MAIL ADDRESS:
STREET 1: AVID TECHNOLOGY
STREET 2: 75 NETWORK DRIVE
CITY: BURLINGTON
STATE: MA
ZIP: 01803
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CuriosityStream Inc.
CENTRAL INDEX KEY: 0001776909
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION [7812]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 8484 GEORGIA AVE.
STREET 2: SUITE 700
CITY: SILVER SPRING
STATE: MD
ZIP: 20910
BUSINESS PHONE: 301-755-2050
MAIL ADDRESS:
STREET 1: 8484 GEORGIA AVE.
STREET 2: SUITE 700
CITY: SILVER SPRING
STATE: MD
ZIP: 20910
FORMER COMPANY:
FORMER CONFORMED NAME: Software Acquisition Group Inc.
DATE OF NAME CHANGE: 20190515
4
1
ownership.xml
4
X0508
4
2023-07-28
0001776909
CuriosityStream Inc.
CURI
0001663979
WESTLEY PETER
8484 GEORGIA AVE., SUITE 700
SILVER SPRING
MD
20910
false
true
false
false
Chief Financial Officer
false
Restricted Stock Units
2023-07-28
4
A
false
44249
A
Common Stock
44249
44249
D
Restricted Stock Units
2023-07-28
4
A
false
134813
A
Common Stock
134813
134813
D
Stock Options (right to buy)
2.32
2023-07-28
4
D
false
50000
D
Common Stock
50000
0
D
Stock Options (right to buy)
1.62
2023-07-28
4
D
false
221904
D
Common Stock
221904
0
D
Pursuant to the Company's cancellation of certain "underwater" stock options granted to employees and executive officers and replacement thereof with restricted stock units ("RSUs") (the "Option Cancellation and Exchange"), on July 28, 2023, the Compensation Committee of the Board of Directors of the Company approved the cancellation of Mr. Westley's options to purchase 271,904 shares of common stock, granted under the Company's 2020 Omnibus Incentive Plan (the "Plan"), and granted Mr. Westley RSUs of approximately equal fair value of the cancelled stock options, valued as of July 14, 2023.
On July 28, 2023, pursuant to the Option Cancellation and Exchange, in exchange for Mr. Westley's fully vested cancelled stock options, the Company granted Mr. Westley 44,249 RSUs under the Plan. Each RSU represents a contingent right to receive one share of common stock. The RSUs granted will vest on July 28, 2024.
On July 28, 2023, pursuant to the Option Cancellation and Exchange, in exchange for Mr. Westley's unvested cancelled stock options, the Company granted Mr. Westley 134,813 RSUs under the Plan. Each RSU represents a contingent right to receive one share of common stock. The RSUs granted will vest as follows: 23,502 shares in equal increments on April 22, 2024, April 22, 2025 and April 22, 2026; and 111,311 shares in equal increments on May 21, 2024, May 21, 2025, and May 21, 2026.
Includes unvested option to purchase 37,500 shares of the Company's common stock, which would have vested annually until April 22, 2026.
Includes unvested option to purchase 166,428 shares of the Company's common stock, which would have vested annually until May 21, 2026.
/s/ Marianna Shelenkova as attorney-in-fact for Peter Westley
2023-08-01