Mendelsohn Adam 4
4 · Vivani Medical, Inc. · Filed Mar 8, 2023
Insider Transaction Report
Form 4
Mendelsohn Adam
DirectorChief Executive Officer
Transactions
- Award
Common Stock Option
2023-03-06+200,000→ 200,000 totalExercise: $1.09From: 2023-03-06Exp: 2033-03-06→ Common Stock (200,000 underlying) - Award
RSU
2023-03-06+100,000→ 100,000 totalFrom: 2023-03-06Exp: 2027-03-06→ Common Stock (100,000 underlying)
Footnotes (3)
- [F1]Each RSU represents a contingent right to receive one share of Vivani common stock.
- [F2]The stock options have a 10-year term and vest immediately when share price closes at $6.30 for three consecutive business days. If the options fail to reach $6.30 for three consecutive business days within a four year term from the date of grant the options expire.
- [F3]First third of RSUs vest when the stock price is at or above $3.15 for three consecutive business days. Second third vests one year after that. Final third vests one year after the second third. If the RSUs fail to reach $3.15 for three consecutive business days within a four year term from the date of the grant the RSUs expire.