Burton Paul Frederick 4
4 · Cardio Diagnostics Holdings, Inc. · Filed Apr 8, 2024
Insider Transaction Report
Form 4
Burton Paul Frederick
Director
Transactions
- Exercise/Conversion
Common Stock
2024-03-31$1.42/sh+8,803$12,500→ 8,803 total - Exercise/Conversion
Restricted Stock Units
2024-03-31Exercise: $0.00From: 2024-03-31Exp: 2024-12-31→ Common Stock
Footnotes (4)
- [F1]Represents the settlement of restricted stock units (RSUs) that vested on March 31, 2024 through the issuance of shares of Common Stock.
- [F2]Each RSU is the economic equivalent of one share of Cardio Diagnostics Holdings, Inc. common stock. On March 31, 2024, $12,500 in value of RSUs vested and were settled at the price of $1.42, which was the closing price of the Company Common Stock on the vesting date. The settlement shares are reflected in Table I.
- [F3]On January 23, 2024, the reporting person was awarded $50,000 in value of RSUs, $12,500 in value of which vested on March 31, 2024. Subject to continued service with the Issuer on the vesting date, the RSUs will continue to vest $12,500 in value on June 30, 2024, $12,500 in value on September30, 2024 and $12,500 in value on December 31, 2024, based on the closing price of the Issuers common stock on the applicable vesting date.
- [F4]The RSUs were granted pursuant to the Issuers 2022 Equity Incentive Plan.