David K. Traverse - Dec 1, 2024 Form 4 Insider Report for AWARE INC /MA/ (AWRE)

Signature
/s/ David K. Traverse
Stock symbol
AWRE
Transactions as of
Dec 1, 2024
Transactions value $
$4,025
Form type
4
Date filed
12/3/2024, 05:54 PM
Previous filing
Nov 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AWRE Common stock Options Exercise $0 +4.24K +12.28% $0.00 38.8K Dec 1, 2024 Direct F1
transaction AWRE Common stock Purchase $4.03K +2.5K +6.45% $1.61 41.3K Dec 2, 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
holding AWRE Stock Option (Right to Buy) 44K Dec 1, 2024 Common Stock 44K $2.21 Direct F2
holding AWRE Unrestriced Stock Award 18K Dec 1, 2024 Common Stock 18K $0.00 Direct F3
holding AWRE Stock Option (Right to Buy) 100K Dec 1, 2024 Common Stock 100K $2.05 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Unit award vested, resulting in 6,000 shares of Common Stock. To satisfy tax withholding obligations, 1,760 shares were withheld, and 4,240 shares were issued.
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.
F3 Shares of unrestricted stock awarded to reporting person under 2023 Equity and Incentive Plan of Aware, Inc. The shares will be issued as follows; 6,000 shares on shares on June 1, 2025, 6,000 shares on June 1, 2026 and 6,000 shares on June 1, 2027 provided the reporting person is serving as a director, officer or employee of the Company or any subsidiary of the Company on said dates.
F4 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