Genius Brands International (GNUS) executive Heyward acquired 937,500 shares

Insider transactions reported

Andy Heyward (executive at Genius Brands International Inc., GNUS) reported that they acquired 937,500 shares on Dec 7, 2021. After these transactions the filing shows 14,401,782 shares held directly.

Reporting person

Heyward Andy

Options and other derivatives

Holdings before and after

• Common Stock, par value $0.001 per share: 13,464,282 to 14,401,782 direct
• Restricted Stock Units: 15,000,000 to 14,062,500 direct

Other positions listed

• Common Stock, par value $0.001 per share: 990,728 indirect, See Note
• Common Stock, par value $0.001 per share: 1,234 indirect, See Note

Footnotes from the filing

1. 1. Each restricted stock unit represents a contingent right to receive one share of GNUS common stock.
2. 2. The Reporting Person indirectly owns 990,728 shares of common stock over which the Reporting Person holds voting and dispositive power.
3. 4. On December 7, 2020, the Reporting Person was granted 15,000,000 restricted stock units pursuant to a restricted stock unit agreement, of which (i) 7,500,000 shares vested in four equal installments on the first, second, third and fourth anniversaries of December 7, 2020, and (ii) 7,500,000 shares (characterized as Performance Shares in previous Form 4) vested in four equal installments on the first, second, third and fourth anniversaries of December 7, 2020, based on the achievement of certain performance goals, each subject to the Reporting Person's continued employment. Such agreement was amended and restated in June 2021 to revise the vesting provisions so that (i) an aggregate of 3,750,000 shares vested in four equal installments on the first, second, third and fourth anniversaries of December 7, 2020, and (ii) an aggregate of 11,250,000 shares vested based on achievement of certain performance goals, each subject to the Reporting Person's continued employment.

Transaction codes in this filing

Exercise or conversion of a derivative:

Code M marks the exercise or conversion of an option or other derivative under an exempt plan.

FAQ