Steven R Berrard, an insider of Smart Server, Inc., has just filed an initial statement of beneficial ownership where 2,095,000 shares of Smart Server, Inc. were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Berrard. Berrard operates out of Coppell, TX. Some additional info was provided as follows:
Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of RMBL Class B Common Stock.
The RSUs vest as follows: (i) 100,000 RSUs vest after two consecutive quarters of $1.00 or greater operating income and trailing four quarter revenue of $900 million at any time through September 30, 2020, (ii) 100,000 RSUs vest at such time as the shares of Class B Common St
ock trade at a minimum closing price of $10.00 per share for 30 consecutive trading days at any time through September 30, 2020, and (iii) 200,000 RSUs vest at such time as the shares of Class B Common Stock trade at a minimum closing price of $15.00 per share for thirty consecutive trading days at any time through September 30, 2020.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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