Clavelli Victor M 4
4 · OptiNose, Inc. · Filed Jun 17, 2022
Insider Transaction Report
Form 4
OptiNose, Inc.OPTN
Clavelli Victor M
Chief Commercial Officer
Transactions
- Sale
Common Stock
2022-06-16$3.49/sh−9,008$31,438→ 200,685 total - Award
Common Stock
2022-06-15+20,000→ 209,693 total
Footnotes (2)
- [F1]Represents the grant of performance-based restricted stock units (Performance RSUs) on March 6, 2020. Fifty percent (50%) of the Performance RSUs vested on June 15, 2022, upon achievement of certain milestones in connection with the Company's development programs. The balance vests in eight equal quarterly installments, subject to continued service with the Issuer. Each Performance RSU represents the right to receive one share of common stock of OptiNose, Inc.
- [F2]Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of restricted share units. This sale is mandated by the issuer's award agreement under its equity incentive plan to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.