Stanley Lapidus - 25 Sep 2023 Form 4 Insider Report for Lucid Diagnostics Inc. (LUCD)

Role
Director
Signature
/s/ Michael A. Gordon, by power of attorney
Issuer symbol
LUCD
Transactions as of
25 Sep 2023
Net transactions value
-$43,459
Form type
4
Filing time
27 Sep 2023, 20:53:53 UTC
Previous filing
27 Sep 2023
Next filing
23 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LUCD Common stock Sale $286 -200 -0.15% $1.43 131,339 25 Sep 2023 Direct F1, F2, F3
transaction LUCD Common stock Sale $14,740 -10,000 -7.6% $1.47 121,339 26 Sep 2023 Direct F1, F2, F3
transaction LUCD Common stock Sale $14,300 -10,000 -8.2% $1.43 111,339 26 Sep 2023 Direct F1, F2, F3
transaction LUCD Common stock Sale $14,133 -9,747 -8.8% $1.45 101,592 26 Sep 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Each sale was in connection with the Reporting Person's estimated income tax withholdings related to vested restricted stock.
F2 Represents shares the Reporting Person received as a restricted stock grant under the Issuer's 2018 Equity Plan. Such grant was 169,320 shares of common stock, 50% of which vested September 20, 2022 and 50% of which vested September 20, 2023.
F3 The reported sales of shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 16, 2023.