Wu David James 4
4 · Eargo, Inc. · Filed Nov 25, 2022
Insider Transaction Report
Form 4
Eargo, Inc.EAR
Wu David James
Director
Transactions
- Exercise of In-Money
Subscription Rights (right to buy)
2022-11-22−881→ 0 total(indirect: See Footnote)Exercise: $0.50From: 2022-10-31→ Common Stock (8,382 underlying) - Exercise of In-Money
Common Stock
2022-11-22$0.50/sh+173,812$86,906→ 192,079 total - Exercise of In-Money
Common Stock
2022-11-22$0.50/sh+8,382$4,191→ 9,263 total(indirect: See Footnote) - Exercise of In-Money
Common Stock
2022-11-22$0.50/sh+307,921$153,961→ 500,000 total - Exercise of In-Money
Subscription Rights (right to buy)
2022-11-22−18,267→ 0 totalExercise: $0.50From: 2022-10-31→ Common Stock (173,812 underlying)
Footnotes (6)
- [F1]Represents shares of the Issuer's Common Stock acquired by the Reporting Person following the exercise of his basic subscription rights in connection with the Issuer's rights offering to holders of Common Stock, as described in the issuer's prospectus dated October 27, 2022 (the "Rights Offering"). Each holder of Common Stock of record as of October 24, 2022 received one right for each share of Common Stock, and each right entitled the holder of Common Stock to purchase 9.5151 shares of Common Stock at the subscription price of $0.50 per whole share.
- [F2]Shares acquired by the Reporting Person following the exercise of his over-subscription privilege in connection with the Rights Offering described in footnote 1.
- [F3]Shares held indirectly by the Reporting Person through the Wu 2015 Irrevocable Trust, of which the Reporting Person's wife is a trustee. Amount includes 881 shares, which were previously shown as directly held in the Reporting Person's Form 4 filing on August 15, 2022.
- [F4]Represents exercise price per whole share of Common Stock.
- [F5]The Rights Offering expired on November 17, 2022, and final determination of the pro rata allocation for each exercising holder was determined on November 22, 2022.
- [F6]Subscription Rights held indirectly by the Reporting Person through the Wu 2015 Irrevocable Trust, of which the Reporting Person's wife is a trustee.