BENSON REED L 4
4 · Co-Diagnostics, Inc. · Filed May 26, 2021
Insider Transaction Report
Form 4
BENSON REED L
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2021-05-24$7.90/sh−1,414$11,170→ 3,170 total - Exercise/Conversion
Restricted Stock Units
2021-05-24−4,584→ 22,916 totalExercise: $0.00→ Common Stock (27,500 underlying) - Award
Common Stock
2021-05-24+4,584→ 4,584 total
Footnotes (2)
- [F1]Included in 27,500 restricted stock units awarded to the Reporting Person on November 23, 2020, pursuant to the Co-Diagnostics, Inc. 2015 Long Term Incentive Plan, and vest in 6 equal installments every 6 months commencing on May 24, 2021.
- [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 RSUs. This sale is mandated by the Issuer's election under its equity incentive plans 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.