Karen L. Zaderej - 24 Nov 2021 Form 4 Insider Report for Axogen, Inc. (AXGN)

Role: CEO, Director
Signature: /s/ Karen Zaderej
Issuer symbol: AXGN
Transactions as of: 24 Nov 2021
Net transactions value: $0
Form type: 4
Filing time: 29 Nov 2021, 15:09:37 UTC
Previous filing: 16 Aug 2021
Next filing: 22 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AXGN	Common Stock	Options Exercise	$468,756	+52,375	+6%	$8.95	921,147	24 Nov 2021	Direct	F1

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	Employee Stock Option (right to purchase)	Options Exercise	$468,756	-52,375	-25%	$8.95	157,125	24 Nov 2021	Common Stock	52,375	$8.95	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The Reporting Person has elected to exercise and hold the shares at this time.
F2	All shares of Common Stock underlying the employee stock option will be fully vested on December 29, 2020 (4 years from the option grant date) based upon a vesting schedule whereby 25% of the aggregate shares vest on December 29, 2017 (12 months from the option grant date) and an additional 12.5% of the aggregate shares vest each 6 months thereafter.