MARIANI PETER J 4
4 · Cytosorbents Corp · Filed Aug 16, 2024
Insider Transaction Report
Form 4
MARIANI PETER J
Chief Financial Officer
Transactions
- Award
Common Stock
2024-08-14+65,000→ 175,000 total - Award
Common Stock
2024-08-14+175,000→ 350,000 total - Award
Common Stock
2024-08-14+110,000→ 110,000 total - Award
Stock Option (right to buy)
2024-08-14+80,000→ 80,000 totalExercise: $0.90Exp: 2034-08-14→ Common Stock (80,000 underlying) - Award
Stock Option (right to buy)
2024-08-14+215,000→ 215,000 totalExercise: $0.90Exp: 2034-08-14→ Common Stock (215,000 underlying)
Footnotes (5)
- [F1]These shares represent restricted stock units ("RSUs") received as a signing bonus that will be settled into common stock, par value $0.001 per share (the "Common Stock") upon vesting upon the earlier of (i) a "Change In Control" of CytoSorbents Corporation (the "Company"), as defined in the reporting person's employment agreement (the "Employment Agreement"), or (ii) the fourth anniversary from the date of grant, subject to the reporting person's continued service as of the applicable vesting date.
- [F2]These shares represent RSUs which shall vest as to one-half of the award on each of the first and second anniversaries of the date of grant, subject to the reporting person's continued service as of the applicable vesting date and will be settled into Common Stock upon vesting.
- [F3]These shares represent RSUs that will be settled into Common Stock upon a "Change In Control" of the Company, as defined in the reporting person's employment agreement, subject to the reporting person's continued service as of the applicable vesting date.
- [F4]The shares underlying these stock options vest in accordance with the following schedule: (i) 41,000 upon the six-month anniversary of the date of grant, and (ii) 13,000 on the one-year, two-year and three-year anniversaries of the date of grant, subject to the reporting person's continued service as of the applicable vesting date.
- [F5]The shares underlying these stock options will vest only upon the achievement of certain milestones pursuant to the terms of the Employment Agreement, subject to the reporting person's continued service as of the applicable vesting date.