Danforth Richard 4
4 · Genasys Inc. · Filed May 31, 2023
Insider Transaction Report
Form 4
Genasys Inc.GNSS
Danforth Richard
DirectorCEO
Transactions
- Exercise/Conversion
Common stock
2023-05-26$1.99/sh+786,747$1,565,627→ 793,247 total - Tax Payment
Common stock
2023-05-26$2.77/sh−639,820$1,772,301→ 153,427 total - Exercise/Conversion
Stock options
2023-05-26−224,247→ 150,753 totalExercise: $1.99From: 2017-08-01Exp: 2023-08-01→ Common stock (224,247 underlying) - Exercise/Conversion
Stock options
2023-05-26−562,500→ 0 totalExercise: $1.99From: 2017-11-01Exp: 2023-08-01→ Common stock (562,500 underlying)
Footnotes (2)
- [F1]Grant to reporting person on August 1, 2016 of an option to purchase 375,000 shares. The option vested as to 1/3 of the shares on August 1, 2017 and 1/12 of the shares quarterly thereafter until fully vested.
- [F2]On August 1, 2016, the reporting person was granted an option to purchase shares of common stock that vested based upon Genasys achieving specified performance targets for its fiscal years ended September 30, 2019 and September 30, 2020. Genasys' performance for fiscal year 2019 resulted in the vesting of options to purchase 187,500 shares and Genasys' performance for fiscal year 2020 resulted in the vesting of options to purchase 375,000 shares.