Smith Debra 4
4 · CERBERUS CYBER SENTINEL CORP · Filed Mar 30, 2023
Insider Transaction Report
Form 4
Smith Debra
Chief Financial Officer
Transactions
- Award
Stock Option (Right to Buy)
2021-12-31+5,000→ 5,000 totalExercise: $5.00Exp: 2031-12-31→ Common Stock, par value $0.00001 (5,000 underlying) - Award
Stock Option (Right to Buy)
2022-01-14+500,000→ 500,000 totalExercise: $2.00Exp: 2032-01-14→ Common Stock, par value $0.00001 (500,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2022-08-22−500,000→ 500,000 totalExercise: $2.00Exp: 2032-08-22→ Common Stock, par value $0.00001 (500,000 underlying) - Award
Stock Option (Right to Buy)
2022-08-22+500,000→ 500,000 totalExercise: $3.02Exp: 2032-08-22→ Common Stock, par value $0.00001 (500,000 underlying)
Footnotes (3)
- [F1]On December 31, 2021, the Reporting Person was granted stock options exercisable for 5,000 shares of common stock (the "2021 Options"). The 2021 Options will vest with respect to 25% of the underlying shares on December 31, 2022, and thereafter at a rate of 1/36 per month.
- [F2]On January 14, 2022, the Reporting Person was granted stock options exercisable for 500,000 shares of common stock (the "2022 Options"). The 2022 Options will vest with respect to 30% of the underlying shares on January 31, 2023, and thereafter at a rate of 1/24 per month.
- [F3]The transactions reported herein reflect a repricing of the 2022 Options effective on August 22, 2022, resulting in the cancellation of the 2022 Options and the grant of replacement options. The exercise price of the 2022 Options was increased from $2.00 to $3.02 per share. All of the other terms of the 2022 Options remain the same, including without limitation, the number of shares underlying the 2022 Options, the vesting period of the 2022 Options, and the expiration date of the 2022 Options.