Manuel O. Mendez - Jun 24, 2022 Form 4 Insider Report for Quotient Ltd (QTNT)

Role
Chief Executive Officer, Director
Signature
/s/ Manuel O. Mendez, by Peter A. Pyatigorsky his attorney in fact
Stock symbol
QTNT
Transactions as of
Jun 24, 2022
Transactions value $
$20,000
Form type
4
Date filed
6/28/2022, 05:51 PM
Previous filing
Apr 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QTNT Ordinary Shares Purchase $20K +66.7K +16% $0.30 483K Jun 24, 2022 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
holding QTNT Restricted Stock Units 471K Jun 24, 2022 Ordinary Shares 417K Direct F1, F2
holding QTNT Ordinary Share Option (Right to Buy) 719K Jun 24, 2022 Ordinary Shares 719K $3.68 Direct F3
holding QTNT Restricted Stock Units 500K Jun 24, 2022 Ordinary Shares 500K Direct F4
holding QTNT Ordinary Share Option (Right to Buy) 505K Jun 24, 2022 Ordinary Shares 505K $1.20 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units convert into ordinary shares on a one-for-one basis.
F2 416,667 restricted stock units have vested and converted into ordinary shares. The remaining 471,014 restricted stock units will vest in two equal installments on April 1, 2023 and April 1, 2024.
F3 239,595 options vested on April 1, 2022 and remain exercisable, and the remaining 479,193 options will vest in two equal installments on April 1, 2023 and April 1, 2024.
F4 On April 1, 2022, the Reporting Person was granted 500,000 restricted stock units, vesting in three equal annual installments beginning April 1, 2023. Upon vesting, the restricted stock units will either convert into ordinary shares on a one-for-one basis or will be settled in cash on the vesting date in an amount equal to the fair market value of an ordinary share on such date, as determined by the Company.
F5 The options vest and become exercisable in three equal annual installments beginning April 1, 2023.