Filing Details
- Accession Number:
- 0001567619-19-005031
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2019-02-20 18:21:19
- Reporting Period:
- 2019-02-16
- Accepted Time:
- 2019-02-20 18:21:19
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1433714 | Castlight Health Inc. | CSLT | Services-Computer Processing & Data Preparation (7374) | 261989091 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1752737 | Neeraj Gupta | C/O Castlight Health, Inc. 150 Spear St., Suite 400 San Francisco CA 94105 | Evp, Engineering | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common Stock | Acquisiton | 2019-02-16 | 25,000 | $0.00 | 260,847 | No | 4 | M | Direct | |
| Class B Common Stock | Acquisiton | 2019-02-16 | 3,125 | $0.00 | 263,972 | No | 4 | M | Direct | |
| Class B Common Stock | Acquisiton | 2019-02-16 | 8,125 | $0.00 | 272,097 | No | 4 | M | Direct | |
| Class B Common Stock | Acquisiton | 2019-02-16 | 3,125 | $0.00 | 275,222 | No | 4 | M | Direct | |
| Class B Common Stock | Acquisiton | 2019-02-18 | 25,000 | $0.00 | 300,222 | No | 4 | M | Direct | |
| Class B Common Stock | Disposition | 2019-02-20 | 14,417 | $3.11 | 285,805 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class B Common Stock | Restricted Stock Units | Disposition | 2019-02-16 | 25,000 | $0.00 | 25,000 | $0.00 |
| Class B Common Stock | Restricted Stock Units | Disposition | 2019-02-16 | 3,125 | $0.00 | 3,125 | $0.00 |
| Class B Common Stock | Restricted Stock Units | Disposition | 2019-02-16 | 8,125 | $0.00 | 8,125 | $0.00 |
| Class B Common Stock | Restricted Stock Units | Disposition | 2019-02-16 | 3,125 | $0.00 | 3,125 | $0.00 |
| Class B Common Stock | Restricted Stock Units | Disposition | 2019-02-18 | 25,000 | $0.00 | 25,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 175,000 | No | 4 | M | Direct | ||
| 28,125 | No | 4 | M | Direct | ||
| 105,625 | No | 4 | M | Direct | ||
| 46,875 | No | 4 | M | Direct | ||
| 0 | No | 4 | M | Direct |
Footnotes
- Release and settlement of restricted stock units ("RSUs") granted to the Reporting Person on August 10, 2016, which were previously reported on a Form 3 filed by the Reporting Person.
- Release and settlement of RSUs granted to the Reporting Person on March 7, 2017, which were previously reported on a Form 3 filed by the Reporting Person.
- Release and settlement of RSUs granted to the Reporting Person on March 16, 2018, which were previously reported on a Form 3 filed by the Reporting Person.
- Release and settlement of RSUs granted to the Reporting Person on September 17, 2018, which were previously reported on a Form 4 filed by the Reporting Person.
- Vesting of performance-based RSUs earned by the Reporting Person on February 13, 2019 as a result of the Reporting Person having met certain performance criteria.
- Represents the aggregate number of shares sold by the Reporting Person to cover taxes and fees due upon the release and settlement of the RSUs. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes and fees.
- Represents the weighted average sales price per share. The shares sold at prices ranging from $3.08 to $3.235 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- Each RSU represents a contingent right to receive 1 share of the Issuer's Class B common stock upon settlement for no consideration.
- 25% of the RSUs vested on August 16, 2017 and the remainder vested and will continue to vest quarterly over three years thereafter in equal installments. Shares of the Issuer's Class B common stock will be delivered to the Reporting Person following vesting, at which time shares will be automatically sold on behalf of the Reporting Person to cover any tax withholding obligations.
- 25% of the RSUs vested on March 7, 2018 and the remainder vested and will continue to vest quarterly over three years thereafter in equal installments, beginning on May 16, 2018. Shares of the Issuer's Class B common stock will be delivered to the Reporting Person following vesting, at which time shares will be automatically sold on behalf of the Reporting Person to cover any tax withholding obligations
- The RSUs vested, and will continue to vest, in equal quarterly installments over four years, beginning on May 16, 2018. Shares of the Issuer's Class B common stock will be delivered to the Reporting Person following vesting, at which time shares will be automatically sold on behalf of the Reporting Person to cover any tax withholding obligations.
- The RSUs vest in equal quarterly installments over four years, beginning on November 16, 2018. Shares of the Issuer's Class B common stock will be delivered to the Reporting Person following vesting, at which time shares will be automatically sold on behalf of the Reporting Person to cover any tax withholding obligations.
- The RSUs are 100% vested. Shares of the Issuer's Class B common stock will be delivered to the Reporting Person following vesting.
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