Kanubaddi Avani 4
4 · Enveric Biosciences, Inc. · Filed Feb 17, 2021
Insider Transaction Report
Form 4
Kanubaddi Avani
Chief Operating Officer
Transactions
- Award
Restricted Stock Units
2021-02-15+789,484→ 789,484 total→ Common Stock (789,484 underlying)
Footnotes (2)
- [F1]Represents restricted stock units granted to the reporting person pursuant to the Enveric Biosciences, Inc. (the "Company") 2020 Long-Term Incentive Plan (the "Plan"). For each vested restricted stock unit, the reporting person will be entitled to receive one share of common stock upon termination of employment with or services to the Company or in connection with a change of control, as set forth in the reporting person's restricted stock unit award agreement.
- [F2]One-third (1/3rd) of the restricted stock units vested as of December 30, 2020, and the remaining two-thirds (2/3rds) of the restricted stock units shall vest in three equal tranches, with the vesting of each tranche based on the achievement of a performance milestone established by the compensation committee of the board of directors of the Company for such tranche and as set forth in the reporting person's restricted stock unit award agreement, provided the reporting person is employed by or providing services to the Company through the applicable vesting date, and subject to certain restrictions and conditions set forth in the Plan.