Oliver Spandow - Jan 1, 2025 Form 4 Insider Report for NEPHROS INC (NEPH)

Role: Director
Signature: /s/ Christopher Melsha as attorney-in-fact for Oliver Spandow pursuant to power of attorney previously filed.
Stock symbol: NEPH
Transactions as of: Jan 1, 2025
Transactions value $: $0
Form type: 4
Date filed: 1/3/2025, 05:06 PM
Previous filing: May 16, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NEPH	Common Stock	Award	$0	+33.2K	+40.73%	$0.00	115K	Jan 1, 2025	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	NEPH	Stock Option (Right to Buy)	Award	$0	+7.05K		$0.00	7.05K	Jan 1, 2025	Common Stock	7.05K	$1.47	Direct	F4
holding	NEPH	Stock Option (Right to Buy)						9.47K	Jan 1, 2025	Common Stock	9.47K	$5.58	Direct	F1
holding	NEPH	Stock Option (Right to Buy)						5.16K	Jan 1, 2025	Common Stock	5.16K	$5.85	Direct	F1
holding	NEPH	Stock Option (Right to Buy)						5.57K	Jan 1, 2025	Common Stock	5.57K	$8.57	Direct	F1
holding	NEPH	Stock Option (Right to Buy)						6.85K	Jan 1, 2025	Common Stock	6.85K	$8.06	Direct	F1
holding	NEPH	Stock Option (Right to Buy)						7.06K	Jan 1, 2025	Common Stock	7.06K	$6.82	Direct	F1
holding	NEPH	Stock Option (Right to Buy)						7.08K	Jan 1, 2025	Common Stock	7.08K	$1.07	Direct	F2
holding	NEPH	Stock Option (Right to Buy)						7.32K	Jan 1, 2025	Common Stock	7.32K	$2.14	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Fully exercisable.
F2	This option vests as to 2,360 shares on each of 1/5/23, 1/5/24 and 1/5/25.
F3	This option vests as to 2,441 shares on each of 5/14/24, 5/14/25 and 5/14/26.
F4	Represents options granted to the reporting person for his service on the Company's Board of Directors for 2024. This option vests as to 2,350 shares on each of 1/1/25, 1/1/26 and 1/1/27.