Shankar Musunuri - Jan 3, 2023 Form 4 Insider Report for Ocugen, Inc. (OCGN)

Role: Chief Executive Officer, Director
Signature: /s/ Shankar Musunuri by Jessica Crespo, his attorney-in-fact
Stock symbol: OCGN
Transactions as of: Jan 3, 2023
Transactions value $: $0
Form type: 4
Date filed: 1/5/2023, 03:06 PM
Previous filing: Dec 20, 2022
Next filing: Jan 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OCGN	Common Stock	Award	$0	+1.48M	+196.06%	$0.00	2.23M	Jan 3, 2023	Direct	F1
holding	OCGN	Common Stock						1.15M	Jan 3, 2023	By: KVM Holdings, LLC	F2

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	OCGN	Option (Right to Buy)	Award	$0	+1.77M		$0.00	1.77M	Jan 3, 2023	Common Stock	1.77M	$1.25	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Reflects the grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Ocugen Inc.'s (the "Company's") common stock. The RSUs vest annually in three equal installments commencing on January 3, 2024, subject to continued service with the Company on the applicable vesting dates. The RSUs will be settled on each applicable vesting date in shares of the Company's common stock.
F2	The Reporting Person is a member and officer of KVM Holdings, LLC and has voting and investment power over the shares held by KVM Holdings, LLC.
F3	The option vests annually in equal installments over three years commencing on January 3, 2024, subject to continued service with the Company on the applicable vesting dates.