Culleton Bruce 4
4 · PROKIDNEY CORP. · Filed Dec 5, 2023
Insider Transaction Report
Form 4
PROKIDNEY CORP.PROK
Culleton Bruce
DirectorChief Executive Officer
Transactions
- Award
Employee stock option (right to buy)
2023-12-03+2,000,000→ 2,000,000 totalExercise: $1.69Exp: 2033-12-03→ Class A Ordinary Shares (2,000,000 underlying)
Footnotes (2)
- [F1]The Exercise Price is equal to the greater of (i) the thirty day average stock price of the Company's Class A Ordinary Shares on the Nasdaq Stock Market ("Nasdaq") as of the date of grant (the "Grant Date") and (ii) the closing price of the Company's Class A Ordinary Shares on Nasdaq as of the Grant Date.
- [F2]The option vests 25% on the first anniversary of November 15, 2023 and the remaining 75% vests in substantially equal quarterly installments over the following 36 months on each quarterly anniversary of November 15, 2023, subject to continued employment through each such vesting date.