Steven R. Fife - Oct 1, 2023 Form 4 Insider Report for Lifevantage Corp (LFVN)

Role
President and CEO, Director
Signature
Alissa Neufeld, Power of Attorney for Steven R. Fife
Stock symbol
LFVN
Transactions as of
Oct 1, 2023
Transactions value $
-$83,921
Form type
4
Date filed
10/3/2023, 07:18 PM
Previous filing
Aug 28, 2023
Next filing
Nov 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LFVN Common Stock Options Exercise $0 +17K +3.13% $0.00 561K Oct 1, 2023 Direct F1
transaction LFVN Common Stock Tax liability -$83.9K -13K -2.32% $6.45 548K Oct 1, 2023 Direct F2

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 LFVN Performance Stock Units Options Exercise $0 -17K -12.5% $0.00 119K Oct 1, 2023 Common Stock 17K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 18, 2022, the reporting person was granted PSUs which vest only to the extent specified financial performance criteria are achieved and subject to the reporting person's continued service with the Issuer, as follows: (i) 1/3 of the earned award vested on the first anniversary of the grant date and (ii) an additional 1/12 of the earned award will vest on the first day of each calendar quarter thereafter. The reporting person initially reported the number of shares that were eligible to be earned at target-level performance achievement. The performance criteria were achieved at a level above target; accordingly, the reporting person is eligible to earn 133.13% of the target number of units. The actual number of shares that vested on the reported transaction date was 133.13% of the at-target number of shares subject to vesting on that date and the number of PSUs beneficially owned following the reported transaction has been updated to reflect the new target number of units.
F2 These shares were withheld to satisfy tax withholding obligations in connection with the vesting of a stock unit award granted to the reporting person on August 12, 2021 and PSU awards and stock unit awards granted to the reporting person on August 18, 2022.
F3 Performance Restricted Stock Units ("PSUs") convert into common stock on a one-for-one basis.