Explanation of Responses: |
(1) | Shares acquired as a result of vesting of restricted stock units ("RSU") reported on Table II. |
(2) | Represents shares withheld to satisfy tax obligations arising out of vesting of RSUs and does not represent a sale by the reporting person. |
(3) | Each RSU represents a contingent right to receive one share of Ubiquiti Inc. common stock. |
(4) | 292 RSUs vested on July 1, 2024. Vested units will be delivered to the reporting person on each vesting date. |
(5) | The RSUs will vest as follows: 159 RSUs will vest on July 1, 2025. Vested units will be delivered to the reporting person on each vesting date. |
(6) | The RSUs will vest as follows: 407 RSUs will vest on July 1, 2025; and the remaining 407 RSUs will vest on July 1, 2026. Vested units will be delivered to the reporting person on each vesting date. |
(7) | The RSUs will vest as follows: 285 RSUs will vest on July 1, 2025; 284 RSUs will vest on July 1, 2026; and the remaining 284 RSUs will vest on July 1, 2027. Vested units will be delivered to the reporting person on each vesting date. |