Spence Paul Jr. 4
4 · OptiNose, Inc. · Filed Feb 29, 2024
Insider Transaction Report
Form 4
OptiNose, Inc.OPTN
Spence Paul Jr.
Chief Commercial Officer
Transactions
- Award
Stock Option (Right to Buy)
2024-02-28+126,338→ 126,338 totalExercise: $1.81Exp: 2034-02-28→ Common Stock (126,338 underlying) - Award
Common Stock
2024-02-28+252,675→ 252,675 total
Footnotes (2)
- [F1]Represents the grant of restricted stock units (RSUs). Twenty-five percent (25%) of the RSUs vest on February 28, 2025, and the balance vests in equal quarterly installments over the remaining three years of the four year period, subject to continued service with the Issuer provided that, in the event certain minimum performance criteria related to the net revenue and operating profit of OptiNose, Inc. are achieved, then any unvested RSUs shall become fully-vested subject to the Executive's continued service through such date. Each RSU represents the right to receive one share of common stock of OptiNose, Inc.
- [F2]The option vests and becomes exercisable over a four-year period commencing on February 28, 2024. Twenty-five percent (25%) of the option vests and becomes exercisable on February 28, 2025, and the balance vests in equal monthly installments (rounded down to the nearest whole share) over the remaining three years of the four-year period, subject to continued service with the Issuer.