KING THOMAS BRAXTON 4
4 · ACHIEVE LIFE SCIENCES, INC. · Filed Jan 14, 2025
Insider Transaction Report
Form 4
KING THOMAS BRAXTON
DirectorExecutive Chairman
Transactions
- Award
Performance Restricted Stock Unit (PRSU)
2025-01-13+455,000→ 455,000 totalExp: 2029-01-13→ Common Stock (455,000 underlying) - Award
Stock Option (right to buy)
2025-01-13+195,000→ 195,000 totalExercise: $3.32Exp: 2035-01-13→ Common Stock (195,000 underlying)
Footnotes (3)
- [F1]Each PRSU represents a contingent right to receive one share of the issuer's common stock at settlement.
- [F2]Pursuant to the terms of the award agreement governing the PRSU, the total number of shares underlying the PRSU vest on the achievement of one of certain milestones being met. The PRSUs will lapse in full if achievement of at least one of the milestones is not met.
- [F3]The option will vest as to 1/4 of the total award on the first anniversary of August 26, 2024, and thereafter in substantially equal monthly installments over 36 months, subject to the Reporting Person's provision of service to the Issuer on each vesting date.