Robert T. Yoder - Dec 14, 2023 Form 4 Insider Report for TREVENA INC (TRVN)

Role
SVP, Chief Business Officer
Signature
/s/ Joel Solomon, as Attorney-in-Fact
Stock symbol
TRVN
Transactions as of
Dec 14, 2023
Transactions value $
$70,498
Form type
4
Date filed
12/15/2023, 06:56 PM
Previous filing
Dec 5, 2023
Next filing
Sep 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRVN Common Stock Award $56.4K +92.5K +213.6% $0.61 136K Dec 14, 2023 Direct F1
transaction TRVN Common Stock Award $15.3K +25K +18.41% $0.61 161K Dec 14, 2023 Direct F2
transaction TRVN Common Stock Tax liability -$1.18K -1.93K -1.2% $0.61 159K Dec 14, 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are represented by restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of common stock of the Issuer. The shares underlying the RSUs shall vest in four (4) equal annual installments on each of December 2, 2024, December 2, 2025, December 2, 2026 and December 2, 2027, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2013 Equity Incentive Plan, as amended) as of each such vesting date.
F2 Reflects the number of shares earned pursuant to the terms of a performance stock unit ("PSU") award granted on December 14, 2023 reflecting the achievement of the related performance conditions. The shares underlying the PSUs shall vest in four (4) equal annual installments on each of December 14, 2023, December 2, 2024, December 2, 2025 and December 2, 2026.
F3 The transaction reported represents the withholding of shares by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the non-reportable vesting and settlement of RSUs.
F4 These are shares withheld in connection with the non-reportable vesting and settlement of PSUs granted on December 14, 2023.