Cricut insider Form 4 details RSU award and Class B conversions
Rhea-AI Filing Summary
Cricut, Inc. insider reports new equity awards and share conversions. A reporting person who is a director, chief executive officer, and 10% owner received 275,000 shares of Class A common stock in the form of restricted stock units on 11/13/2025 at a stated price of $0, bringing their directly held Class A shares to 2,943,146 after that transaction. On 11/14/2025, 1,547,295 shares of Class B common stock were converted into Class A common stock, increasing the directly held Class A position to 4,490,441 shares. The filing notes that each Class B share is convertible one-for-one into Class A with no expiration, and that the reported conversions are exempt from Section 16(b) under Rule 16b-6(b), with certain conversions effected in connection with a Rule 10b5-1 trading plan currently in a cooling-off period. Additional Class B holdings are reported indirectly through several trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 1,547,295 | $0.00 | -- |
| Conversion | Class A Common Stock | 1,547,295 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 275,000 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- The shares are represented by restricted stock units which vest in four equal annual installments beginning on November 15, 2026. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date. The conversion transactions reported herein are exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act. Such conversion transactions are being effected in connection with a Rule 10b5-1 trading plan that the reporting person has entered into that is currently subject to a cooling-off period. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date. The conversion transactions reported herein are exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act. The shares are held by the Rushil Arora Trust dated January 20, 2021 for which the reporting person and his spouse serve as trustees. The shares are held by the Ashish Chandra Arora 2021 GRAT dated January 20, 2021 for which the reporting person serves as trustee. The shares are held by the Mridu Vashist Arora 2021 GRAT dated January 20, 2021 for which the reporting person's spouse serves as trustee. The shares are held by the Arora Trust dated February 14, 2012 for which the reporting person and his spouse serve as trustees.
FAQ
What insider activity did Cricut (CRCT) report in this Form 4?
The filing shows that a Cricut, Inc. insider who is a director, chief executive officer, and 10% owner received 275,000 Class A common shares via restricted stock units on 11/13/2025 and converted 1,547,295 Class B common shares into Class A common shares on 11/14/2025.
What are the terms of the 275,000 restricted stock units reported for Cricut (CRCT)?
The 275,000 shares are represented by restricted stock units that vest in four equal annual installments beginning on November 15, 2026, according to the explanation of responses.