Sitar Edward J 4
4 · Timber Pharmaceuticals, Inc. · Filed Apr 18, 2023
Insider Transaction Report
Form 4
Sitar Edward J
Director
Transactions
- Award
Stock Option (right to buy)
2023-04-15+5,327→ 5,327 totalExercise: $1.66Exp: 2032-04-14→ Common Stock (5,327 underlying) - Award
Common Stock, par value $0.001 per share
2023-04-15+5,327→ 11,127 total
Footnotes (2)
- [F1]On April 15, 2023, the Reporting Person was granted 5,327 restricted stock units, which will be settled in shares of common stock, par value $0.001. The restricted stock units vest in 12 equal monthly installments beginning on May 15, 2023, as long as the Reporting Person remains in continuous service with Timber Pharmaceuticals, Inc. through each vesting date.
- [F2]25% of the options vest on April 15, 2024, and the remaining shares will become exercisable in 36 equal monthly installments beginning on May 15, 2024, as long as the Reporting Person remains in continuous service with Timber Pharmaceuticals, Inc. through each vesting date.