Le Truc 4
4 · Vivani Medical, Inc. · Filed May 14, 2024
Insider Transaction Report
Form 4
Le Truc
Chief Operations Officer
Transactions
- Award
Restricted Stock Units
2024-05-10+80,000→ 80,000 total→ Common Stock (80,000 underlying) - Award
Common Stock Option
2024-05-10+160,000→ 160,000 totalExercise: $1.81Exp: 2034-05-09→ Common Stock (160,000 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.