SEC Form 4: Sheeran Josette was granted 1,468,429 shares, increasing direct ownership by 3,848%

So it turns out both Tony and Josette have benefited from the stock price remaining low. Tony was able to purchase 53mil shares at the 30 day trailing average minus 10%, or $6.53. Josette received a $10mil bonus, which turned into the nearly 1.5mil shares.

Contingent upon and following the effective approval of the Board of Directors (the “Board”) of the Company’s public parent company, Canoo Inc, (“PubCo”), you shall be granted a long term incentive award under the then-effective PubCo Equity Incentive Plan, consisting of restricted stock units (the “RSUs”), with a value of $5,000,000 with a 2x multiplier for your initial onboarding grant for a total of $10,000,000 based on the PubCo trading prices as of the date of the grant. The equity grant shall reflect the Company’s standard terms and conditions for grants of restricted stock units as approved

/r/canoo Thread Link - sec.gov