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