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FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT
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How to fill out time-based restricted stock units

01
Step 1: Obtain the necessary forms from your employer or stock administrator.
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Step 2: Review the terms and conditions of the time-based restricted stock units (RSUs).
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Step 3: Understand the vesting schedule and the criteria for vesting.
04
Step 4: Determine the value of each RSU based on the current stock price.
05
Step 5: Fill out the required information on the stock unit grant agreement.
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Step 6: Provide accurate personal details and tax information.
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Step 7: Sign and submit the completed forms to your employer or stock administrator.
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Step 8: Keep a copy of the filled-out forms for your records.
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Step 9: Monitor the vesting schedule and track the value of your RSUs over time.
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Step 10: Consult with a financial advisor or tax professional for guidance on tax implications and investment strategies.

Who needs time-based restricted stock units?

01
Employees who are offered employee stock benefits by their employer.
02
Companies that want to incentivize and reward their employees with stock ownership.
03
Individuals who believe in their company's growth potential and want to benefit from future stock appreciation.
04
Investors looking for long-term investment opportunities and potential gains.
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Entrepreneurs and startup founders who want to compensate key employees with equity.
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Executives and leaders who receive performance-based stock compensation.
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Companies looking to attract and retain top talent in a competitive job market.
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Employees who want to align their financial interests with the company's success.

What is Time-based restricted stock units that vested on February 16, 2023 Form?

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Time-based restricted stock units (RSUs) are a form of equity compensation where an employer grants employees shares of stock that vest over a specified period of time, typically contingent upon continued employment.
Employees receiving time-based restricted stock units may be required to report them on their tax returns. Companies that grant RSUs may also have reporting obligations to tax authorities.
When filling out information related to time-based RSUs, include details such as the grant date, vesting schedule, fair market value at vesting, and any income resulting from the vesting in the appropriate tax forms.
The purpose of time-based restricted stock units is to incentivize and retain employees by tying their compensation to the company's performance and encouraging them to stay with the company long-term.
Information that must be reported includes the number of units granted, vesting schedule, the value of shares at vesting, and the amount of income recognized upon vesting.
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