Devoto Ashley Nicole 4
4 · CERBERUS CYBER SENTINEL CORP · Filed Mar 30, 2023
Insider Transaction Report
Form 4
Devoto Ashley Nicole
DirectorSee Remarks
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2022-08-22−1,000,000→ 1,000,000 totalExercise: $5.42Exp: 2032-03-21→ Common Stock, par value $0.00001 (1,000,000 underlying) - Award
Stock Option (Right to Buy)
2022-08-22+1,000,000→ 1,000,000 totalExercise: $3.02Exp: 2032-03-21→ Common Stock, par value $0.00001 (1,000,000 underlying) - Award
Stock Option (Right to Buy)
2022-03-21+1,000,000→ 1,000,000 totalExercise: $5.42Exp: 2032-03-21→ Common Stock, par value $0.00001 (1,000,000 underlying)
Footnotes (2)
- [F1]On March 21, 2022, the Reporting Person was granted stock options exercisable for 1,000,000 shares of common stock (the "Options"). The Options will vest with respect to 25% of the underlying shares on March 21, 2023, and thereafter at a rate of 1/36 per month.
- [F2]The transactions reported herein reflect a repricing of the Options effective on August 22, 2022, resulting in the cancellation of the Options and the grant of replacement options. The exercise price of the Options was reduced from $5.42 to $3.02 per share. All of the other terms of the Options remain the same, including without limitation, the number of shares underlying the Options, the vesting period of the Options, and the expiration date of the Options.