4//SEC Filing
Makes Brigid 4
Accession 0001753926-24-000964
CIK 0001266806other
Filed
May 13, 8:00 PM ET
Accepted
May 14, 6:48 PM ET
Size
19.6 KB
Accession
0001753926-24-000964
Insider Transaction Report
Form 4
Makes Brigid
Chief Financial Officer
Transactions
- Award
Common Stock Option
2024-05-10+75,000→ 75,000 totalExercise: $1.81Exp: 2034-05-09→ Common Stock (75,000 underlying) - Award
Restricted Stock Units
2024-05-10+37,500→ 37,500 total→ Common Stock (37,500 underlying)
Footnotes (3)
- [F1]The stock options have a 10-year term and vest 25% at one-year and monthly thereafter for 36 months, subject to the Reporting Person's continued service through each applicable vesting date.
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Vivani common stock.
- [F3]The performance based RSUs shall vest in three stages: one-third when the stock price is at or above $3.15 for three consecutive trading days, another one-third one year after this date when the market condition is first achieved, and the final one-third one year after this second vesting date when the market condition is achieved, subject to the Reporting Person's continued service through each applicable vesting date. If the RSUs fail to be at or above $3.15 for three consecutive trading dates within a four year term from the date of the grant, the RSUs shall expire.
Documents
Issuer
Vivani Medical, Inc.
CIK 0001266806
Entity typeother
Related Parties
1- filerCIK 0001375927
Filing Metadata
- Form type
- 4
- Filed
- May 13, 8:00 PM ET
- Accepted
- May 14, 6:48 PM ET
- Size
- 19.6 KB