Oliver Schacht - Mar 2, 2023 Form 4 Insider Report for OPGEN INC (OPGN)

Role
Chief Executive Officer, Director
Signature
/s/ Oliver Schacht, Ph.D.
Stock symbol
OPGN
Transactions as of
Mar 2, 2023
Transactions value $
$0
Form type
4
Date filed
3/6/2023, 04:15 PM
Previous filing
Apr 4, 2022
Next filing
Mar 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPGN Common Stock Options Exercise $0 +1.88K +54.55% $0.00 5.31K Mar 2, 2023 Direct
transaction OPGN Common Stock Options Exercise $0 +1.94K +36.48% $0.00 7.25K Mar 3, 2023 Direct
holding OPGN Common Stock 250 Mar 2, 2023 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 -1.94K -50% $0.00 1.94K Mar 3, 2023 Common Stock 1.94K Direct F1, F2
transaction OPGN Restricted Stock Units Options Exercise $0 -1.88K -50% $0.00 1.88K Mar 2, 2023 Common Stock 1.88K Direct F3, F4
transaction OPGN Restricted Stock Units Award $0 +10K $0.00 10K Mar 2, 2023 Common Stock 10K 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 as adjusted for a 1-for-20 reverse stock split.
F2 On March 3, 2021, the Reporting Person was granted 3,875 RSUs (as adjusted for a 1-for-20 reverse stock split). 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 Represents vesting of restricted stock units ("RSUs") granted in March 2022 that convert into common stock on a one-for-one basis as adjusted for a 1-for-20 reverse stock split.
F4 On March 2, 2022, the Reporting Person was granted 3,750 RSUs (as adjusted for a 1-for-20 reverse stock split). 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.
F5 Each RSU represents a contingent right to receive one share of OpGen common stock.
F6 RSUs granted on March 2, 2023 pursuant to the OpGen 2015 Equity Incentive Plan. The RSUs have a two year vesting schedule, vesting annually in equal installments on the anniversary of March 2, 2023.

Remarks:

All share numbers reported on this Form 4 reflect a 1-for-20 reverse stock split of OpGen's common stock effected on January 5, 2023.