Hughes Douglas J. 4
4 · Eargo, Inc. · Filed Nov 25, 2022
Insider Transaction Report
Form 4
Eargo, Inc.EAR
Hughes Douglas J.
Director
Transactions
- Exercise of In-Money
Common Stock
2022-11-22$0.50/sh+71,363$35,682→ 107,072 total - Exercise of In-Money
Subscription Rights (right to buy)
2022-11-23−7,500→ 0 totalExercise: $0.50From: 2022-10-31→ Common Stock (71,363 underlying)
Footnotes (3)
- [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]Represents exercise price per whole share of Common Stock.
- [F3]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.