ASADORIAN RAFFI 4
4 · ACELRX PHARMACEUTICALS INC · Filed Feb 14, 2023
Insider Transaction Report
Form 4
ASADORIAN RAFFI
Chief Financial Officer
Transactions
- Award
Common Stock
2023-02-10+5,875→ 23,464 total - Tax Payment
Common Stock
2023-02-11$1.68/sh−873$1,467→ 22,591 total - Award
Stock Option (Right to Buy)
2023-02-10+35,250→ 35,250 totalExercise: $1.76Exp: 2033-02-09→ Common Stock (35,250 underlying)
Footnotes (4)
- [F1]The restricted stock units shall vest in three equal consecutive annual installments on February 10, 2024, February 10, 2025 and February 10, 2026.
- [F2]Includes previously reported shares of common stock underlying RSUs granted to the Reporting Person, which are subject to certain vesting conditions.
- [F3]Represents shares surrendered to the Issuer by the Reporting Person to pay required tax withholdings due to the vesting of RSUs.
- [F4]On February 10, 2023, the reporting person was granted an option to purchase 35,250 shares of common stock. One fourth (1/4th) of the option shares shall vest on the one year anniversary of the grant date, and the remaining balance of the option shares shall vest in 36 equal consecutive monthly installments thereafter until fully vested so long as the reporting person remains in continuous service through such applicable vesting periods.