Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | LFVN | Common Stock | Options Exercise | +16.2K | +2.58% | 642K | Nov 10, 2023 | Direct | F1, F2 | ||
transaction | LFVN | Common Stock | Tax liability | -$59.6K | -10.5K | -1.63% | $5.69 | 631K | Nov 10, 2023 | Direct | F3 |
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 | -16.2K | -55.56% | $0.00 | 12.9K | Nov 10, 2023 | Common Stock | 16.2K | Direct | F1, F2 |
Id | Content |
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F1 | On November 10, 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 provided in the Form 4 filed by the reporting person on November 15, 2022. 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. The actual number of shares that vested was 133.13% of the at-target number of shares subject to vesting on that date. The number of PSUs beneficially owned following the reported transaction has been updated to reflect the number of earned units as well as the number of earned units remaining following the cancellation of 9,700 earned units, as reported on the Form 4 filed on November 8, 2023. |
F2 | Performance Stock Units ("PSUs") convert into common stock on a one-for-one basis. |
F3 | These shares were withheld to satisfy tax withholding obligations in connection with the vesting of a PSU award and stock unit award granted to the reporting person on November 10, 2022. |