Dennis Ausiello - Dec 16, 2023 Form 4 Insider Report for Rani Therapeutics Holdings, Inc. (RANI)

Role
Director
Signature
Svai Sanford. Attorney-in-Fact for Dennis Ausiello
Stock symbol
RANI
Transactions as of
Dec 16, 2023
Transactions value $
$0
Form type
4
Date filed
12/19/2023, 04:05 PM
Previous filing
Jun 23, 2023
Next filing
Apr 8, 2024

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 RANI Stock Option (Right to Buy) Disposed to Issuer -101K -100% 0 Dec 16, 2023 Class A Common Stock 101K $4.11 Direct F1, F2
transaction RANI Stock Option (Right to Buy) Award +101K 101K Dec 16, 2023 Class A Common Stock 101K $2.84 Direct F1, F2
transaction RANI Stock Option (Right to Buy) Disposed to Issuer -15.4K -19.44% 63.9K Dec 16, 2023 Class A Common Stock 15.4K $9.44 Direct F2, F3, F4
transaction RANI Stock Option (Right to Buy) Award +15.4K 15.4K Dec 16, 2023 Class A Common Stock 15.4K $2.84 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares subject to the option vest in full on May 25, 2024, subject to the recipient's Continuous Service (as defined in the Issuer's 2021 Equity Incentive Plan) through such vesting date; provided that, if earlier, the shares subject to the option will vest in full upon the occurrence of either of the following events: the Issuer's next annual stockholder meeting or a Change in Control (as defined in the 2021 Equity Incentive Plan).
F2 The transactions reported herein reflect a one-time stock option repricing (the "Option Repricing") effective on December 16, 2023 (the "Repricing Date"). Pursuant to the Option Repricing, the exercise price of the repriced options has been amended to reduce the exercise price to $2.84 per share, the closing price of the Issuer's Common Stock on the Repricing Date. There is no change to the expiration dates or the vesting schedule of the repriced options.
F3 The remaining shares subject to the option are fully vested and exercisable as of the Repricing Date.
F4 The shares subject to the option vest as follows: 1/36th of the shares subject to the option vest monthly over three years from June 17, 2021.