Scrabis Suzanne A. 4
4 · XWELL, Inc. · Filed Jul 12, 2023
Insider Transaction Report
Form 4
XWELL, Inc.XWEL
Scrabis Suzanne A.
Chief Financial Officer
Transactions
- Award
Common Stock
2023-07-10+100,000→ 100,000 total - Award
Employee stock option (right to buy)
2023-07-10+75,000→ 75,000 totalExercise: $0.23Exp: 2033-07-10→ Common Stock (75,000 underlying)
Footnotes (2)
- [F1]100,000 Restricted Stock Units ("RSUs") to vest in four quarterly installments of 25.0%, such that the 25.0% of such RSUs will vest on the first, second, third and fourth quarters after the Grant Date (i.e., 9/30/23, 12/31/23, 3/31/24 and 6/30/24), subject to Ms. Scrabis' continuous service with the Company through such dates.
- [F2]75,000 Non-Qualified Stock Options (the "Options") which shall vest in four quarterly installments of 25.0%, such that the 25.0% of such Options will vest on the first, second, third and fourth quarters after the Grant Date (i.e., 9/30/23, 12/31/23, 3/31/24 and 6/30/24), subject to Ms. Scrabis' continuous service with the Company through such dates.