Bencich John 4
4 · ACHIEVE LIFE SCIENCES, INC. · Filed Jan 27, 2023
Insider Transaction Report
Form 4
Bencich John
CFO and PFO
Transactions
- Award
Performance Restricted Stock Unit (PRSU)
2023-01-25+100,000→ 100,000 totalExp: 2025-12-31→ Common Stock (100,000 underlying) - Award
Stock Option (right to buy)
2023-01-25+100,000→ 100,000 totalExercise: $4.90Exp: 2033-01-25→ Common Stock (100,000 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 number of underlying shares of the Issuers common stock that may ultimately vest range from 0% to 100% of the number of PRSUs initially granted, subject to certain milestones being met during the measurement period that begins on January 3, 2023 and ends on December 31, 2025.
- [F3]The options vest one-third on the first anniversary of January 25, 2023 and thereafter in monthly installments over 24 months.