Oliver Schacht - Mar 2, 2022 Form 4 Insider Report for OPGEN INC (OPGN)

Role
Chief Executive Officer, Director
Signature
/s/ Oliver Schacht
Stock symbol
OPGN
Transactions as of
Mar 2, 2022
Transactions value $
$0
Form type
4
Date filed
3/4/2022, 10:01 AM
Previous filing
Nov 19, 2021
Next filing
Apr 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPGN Common Stock Options Exercise $0 +38.8K +129.17% $0.00 68.8K Mar 3, 2022 Direct
holding OPGN Common Stock 5K Mar 2, 2022 As custodian for minor son

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 OPGN Restricted Stock Units Options Exercise $0 -38.8K -50% $0.00 38.8K Mar 3, 2022 Common Stock 38.8K Direct F1, F2
transaction OPGN Stock Option Award Award $0 +75K $0.00 75K Mar 2, 2022 Common Stock 75K $0.81 Direct F3, F4
transaction OPGN Restricted Stock Units Award $0 +75K $0.00 75K Mar 2, 2022 Common Stock 75K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents vesting of restricted stock units ("RSUs") granted in March 2021 that convert into common stock on a one-for-one basis.
F2 On March 3, 2021, the Reporting Person was granted 77,500 RSUs. The RSUs were granted subject to forfeiture, which forfeiture restrictions will lapse as to one half of the award on the first and second anniversaries of the date of grant, subject to acceleration as set forth in the Reporting Person's employment agreement with the Registrant.
F3 The exercise price is based on the closing price for shares of OpGen common stock on the date of grant.
F4 Stock option granted under the terms and provisions of the OpGen 2015 Equity Incentive Plan. The stock option vests in two equal annual installments beginning on March 2, 2023.
F5 Each RSU represents a contingent right to receive one share of OpGen common stock.
F6 RSUs granted on March 2, 2022 pursuant to the OpGen 2015 Equity Incentive Plan. The RSUs have a two year vesting schedule, vesting annually in equal installments beginning March 2, 2023.