Handley Michael K 4
4 · Tivic Health Systems, Inc. · Filed Feb 24, 2025
Insider Transaction Report
Form 4
Handley Michael K
Chief Operating Officer
Transactions
- Award
Restricted Stock Units
2025-02-21+600,000→ 600,000 totalExp: 2035-02-17→ Common Stock (600,000 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit is convertible into one share of common stock.
- [F2]Represents 600,000 restricted stock units granted to the Reporting Person outside of the Issuer's Amended and Restated 2021 Equity Incentive Plan (the "Plan"), in connection with, and as a material inducement to, the hiring and appointment of the Reporting Person as Chief Operating Officer of the Issuer.
- [F3]Twenty percent (25%) of the Restricted Stock Units will vest upon the one (1) year anniversary of the Vesting Commencement Date, and the balance of the Restricted Stock Units will be vested in a series of twelve (12) successive equal quarterly installments measured from the first anniversary of the Vesting Commencement Date such that one hundred percent (100%) of the Restricted Stock Units shall have vested on the fourth anniversary of the Vesting Commencement Date.