Shipton Michael 4
4 · Science 37 Holdings, Inc. · Filed May 12, 2023
Insider Transaction Report
Form 4
Shipton Michael
Chief Commercial Officer
Transactions
- Award
Restricted Stock Units
2023-05-11+494,853→ 494,853 total→ Common Stock (494,853 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Science 37 Holdings, Inc.'s common stock.
- [F2]On May 11, 2023, Mr. Shipton was granted restricted stock units representing 494,853 shares subject to a three-year vesting schedule, vesting 33 1/3% on the first, second and third anniversaries of the grant date, with 50% of the restricted stock units subject to accelerated vesting upon the attainment of certain performance objectives, in each case subject to continuous employment through the applicable vesting date. As restricted stock units vest, the vested units are automatically converted to shares of common stock on a one-for-one basis on the vesting date.