Adam Laponis - Nov 22, 2022 Form 4 Insider Report for Eargo, Inc. (EAR)

Role
Chief Financial Officer
Signature
/s/ Christy La Pierre, Attorney-in-Fact for Adam Laponis
Stock symbol
EAR
Transactions as of
Nov 22, 2022
Transactions value $
$2,498
Form type
4
Date filed
11/25/2022, 12:05 PM
Previous filing
Nov 21, 2022
Next filing
Feb 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EAR Common Stock Exercise of in-the-money or at-the-money derivative security $2.5K +5K +8.43% $0.50 64.2K Nov 22, 2022 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 EAR Subscription Rights (right to buy) Exercise of in-the-money or at-the-money derivative security $0 +525 $0.00* 0 Nov 22, 2022 Common Stock 5K $0.50 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of the Issuer's Common Stock acquired by the Reporting Person following the exercise of his basic subscription rights in connection with the Issuer's rights offering to holders of Common Stock, as described in the issuer's prospectus dated October 27, 2022 (the "Rights Offering"). Each holder of Common Stock of record as of October 24, 2022 received one right for each share of Common Stock, and each right entitled the holder of Common Stock to purchase 9.5151 shares of Common Stock at the subscription price of $0.50 per whole share.
F2 Represents exercise price per whole share of Common Stock.
F3 The Rights Offering expired on November 17, 2022, and final determination of the pro rata allocation for each exercising holder was determined on November 22, 2022.