Achar Christopher K 4
4 · Cue Health Inc. · Filed Mar 6, 2023
Insider Transaction Report
Form 4
Cue Health Inc.HLTH
Achar Christopher K
Director
Transactions
- Award
Common Stock
2023-03-02+85,106→ 1,536,396 total - Tax Payment
Common Stock
2023-03-06$2.11/sh−4,868$10,271→ 1,531,528 total - Award
Stock Option (right to buy)
2023-03-02+170,213→ 170,213 totalExercise: $2.08Exp: 2033-03-02→ Common Stock (170,213 underlying)
Holdings
- 1,520,000(indirect: See Footnote)
Common Stock
Footnotes (5)
- [F1]Represents restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's common stock. One-sixteenth (1/16th) of the shares vest on the first Quarterly Vesting Date that is on or after March 6, 2023 and as to one-sixteenth (1/16th) of the RSUs on each Quarterly Vesting Date thereafter, subject to the reporting person providing continuous service through such date. "Quarterly Vesting Date" is the first trading day on or after each of March 5, June 5, September 5 and December 5.
- [F2]The reported shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of RSUs.
- [F3]Includes 1,231,018 unvested RSUs.
- [F4]The securities are directly held by Hlth Wrk LLC. The reporting person is the sole manager of Hlth Wrk LLC and may be deemed to have voting and investment power with respect to the shares held by Hlth Wrk LLC and as a result may be deemed to have beneficial ownership of such shares.
- [F5]Stock option granted under the Issuer's 2021 Stock Incentive Plan and becomes exercisable on the first Quarterly Vesting Date that is on or after June 5, 2023 and as to one-sixteenth (1/16th) of the stockoptions on each Quarterly Vesting Date thereafter, subject to the reporting person providing continuous service through such date.