Mohamed Lazzouni - 31 Oct 2024 Form 4 Insider Report for AWARE INC /MA/ (AWRE)

Role: Chief Technology Officer
Signature: /s/ Mohamed Lazzouni
Issuer symbol: AWRE
Transactions as of: 31 Oct 2024
Net transactions value: +$307,500
Form type: 4
Filing time: 04 Nov 2024, 17:25:48 UTC
Previous filing: 22 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	AWRE	Common Stock						53,520	31 Oct 2024	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
transaction	AWRE	Stock Option (Right to Buy)	Award	$307,500	+150,000		$2.05	150,000	31 Oct 2024	Common Stock	150,000	$2.05	Direct	F1
holding	AWRE	Stock Option (Right to Buy)						157,873	31 Oct 2024	Common Stock	157,873	$2.21	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Twenty-five percent of the option will vest annually, beginning on October 31, 2025, and continuing on each anniversary thereafter until fully vested on October 31, 2028
F2	Fifty percent of the option will vest on February 20, 2025, with the remainder vesting in 12 equal monthly installments starting on March 20, 2025.