Smales Kelly 4
4 · Transphorm, Inc. · Filed Jul 6, 2021
Insider Transaction Report
Form 4
Transphorm, Inc.TGAN
Smales Kelly
Director
Transactions
- Award
Common Stock
2021-07-01+35,000→ 35,000 total - Award
Stock Option (right to buy)
2021-07-01+55,000→ 55,000 totalExercise: $4.50From: 2022-07-01Exp: 2031-07-01→ Common Stock (55,000 underlying)
Footnotes (2)
- [F1]Each share is represented by a Restricted Stock Unit ("RSU"). One-fourth (1/4) of the RSUs will vest on July 1, 2022, and the remaining shares will vest in equal quarterly installments over the following three years, subject to the Reporting Person's continued service as of each such vesting date.
- [F2]One-fourth (1/4) of the shares subject to the option will vest on July 1, 2022, and the remaining shares will vest in equal quarterly installments over the following three years, subject to the Reporting Person's continued service as of each such vesting date.