Quentin S. Blackford - Jun 1, 2021 Form 4 Insider Report for Axogen, Inc. (AXGN)

Role: Director
Signature: /s/ Quentin Blackford
Stock symbol: AXGN
Transactions as of: Jun 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/3/2021, 05:13 PM
Previous filing: Jun 1, 2021
Next filing: Jun 21, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AXGN	Common Stock	Options Exercise	$0	+6.17K	+34.06%	$0.00	24.3K	Jun 1, 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AXGN	Restricted Stock Units	Options Exercise	$0	-6.17K	-100%	$0.00^*	0	Jun 1, 2021	Common Stock	6.17K		Direct	F1, F2
transaction	AXGN	Stock Option (right to purchase)	Award	$0	+6.03K		$0.00	6.03K	Jun 1, 2021	Common Stock	6.03K	$19.76	Direct	F3
transaction	AXGN	Restricted Stock Units	Award	$0	+3.04K		$0.00	3.04K	Jun 1, 2021	Common Stock	3.04K		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of Axogen, Inc. common stock.
F2	This reflects the number of restricted stock units that became vested as of June 1, 2021.
F3	Annual equity grant for service as Director on the Axogen, Inc. Board of Directors. The number of shares pursuant to the equity grant is based on a $120,000 valuation as of the grant date and vests on June 1, 2022, one year from the anniversary of the grant date. One-half of the annual equity grant value is in the form of non-qualified stock options and one-half of the annual equity grant value is in the form of restricted stock units.