Hollingsworth Jane H 4
4 · CervoMed Inc. · Filed Sep 6, 2023
Insider Transaction Report
Form 4
CervoMed Inc.CRVO
Hollingsworth Jane H
Director
Transactions
- Exercise/Conversion
Restricted Stock Unit
2023-08-31−122→ 0 total→ Common Stock (122 underlying) - Disposition to Issuer
Common Stock
2023-08-31−45→ 898 total - Exercise/Conversion
Common Stock
2023-08-31+122→ 943 total
Footnotes (1)
- [F1]On August 31, 2023 (the "Vesting Date"), in connection with the vesting of previously awarded restricted stock units ("RSUs"), each RSU representing a contingent right to receive one share of the Issuer's common stock (a "Share"), the Reporting Person became entitled to receive, in accordance with Section 8.7 of the Issuer's 2015 Equity Incentive Plan (as amended, the "Plan") and the terms of the underlying award agreement, (i) 77 Shares and (ii) $266.40 in cash, representing the Fair Market Value (as defined in the 2015 Equity Plan) of the remaining portion of the award vested on the Vesting Date, based on the closing sale price of one Share reported by the NASDAQ Stock Market on such date of $5.92. The award is now fully vested.