Hernandez Joseph 4
4 · Clarus Therapeutics Holdings, Inc. · Filed Dec 14, 2021
Insider Transaction Report
Form 4
Hernandez Joseph
Director
Transactions
- Award
Common Stock
2021-12-12+3,844→ 3,844 total - Award
Stock Option (Right to Buy)
2021-12-12+9,610→ 9,610 totalExercise: $4.78Exp: 2031-12-11→ Common Stock (9,610 underlying)
Holdings
- 1,302,500(indirect: See Footnote)
Common Stock
Footnotes (3)
- [F1]The Reporting Person was granted a Restricted Stock Unit under the Issuer's 2021 Stock Option and Incentive Plan (the "2021 Plan") for 3,844 shares on 12/12/2021, which vests in equal annual installments over three years from the date of grant subject to the Reporting Person having a service relationship as of each such vesting date.
- [F2]Mr. Joseph Hernandez, a director and former chief executive officer of the Issuer, is the managing member of the Blue Water Sponsor LLC (the "Sponsor"). Accordingly, Mr. Hernandez may be deemed to have beneficial ownership of such shares. Mr. Hernandez disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
- [F3]These options were granted under the 2021 Plan and vest in equal annual installments over a period of three years from the date of grant subject to the Reporting Person having a service relationship as of each such vesting.