Glenn Sblendorio - Dec 12, 2021 Form 4 Insider Report for IVERIC bio, Inc. (ISEE)

Role: Chief Executive Officer, Director
Signature: /s/ Todd Anderman, as Attorney-in-Fact for Glenn P. Sblendorio
Stock symbol: ISEE
Transactions as of: Dec 12, 2021
Transactions value $: -$122,279
Form type: 4
Date filed: 12/14/2021, 05:07 PM
Previous filing: Dec 13, 2021
Next filing: Dec 20, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ISEE	Common Stock	Options Exercise		+23K	+7.49%		329K	Dec 12, 2021	Direct	F1
transaction	ISEE	Common Stock	Sale	-$122K	-8.29K	-2.52%	$14.74	321K	Dec 13, 2021	Direct	F2, F3

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	ISEE	Restricted Stock Units	Options Exercise	$0	-23K	-50%	$0.00	23K	Dec 12, 2021	Common Stock	23K		Direct	F1, F4

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

Explanation of Responses:

Id	Content
F1	Restricted stock units converted into common stock on a one-for-one basis upon vesting of the units.
F2	Represents shares automatically sold pursuant to the prespecified terms of the applicable Restricted Stock Unit Agreement to satisfy the Reporting Person's minimum statutory withholding obligations with respect to the income recognized by the Reporting Person upon the vesting of the restricted stock units on December 12, 2021.
F3	The sale price of the Reporting Person's shares represents the weighted average price of all shares sold by a broker in multiple transactions effected at prices ranging from $14.50 to $14.99 on December 13, 2021 on behalf of a group of employees of the Registrant to satisfy the payment of withholding tax liability of such employees. The Reporting Person undertakes to provide upon request by the staff of the Securities Exchange Commission, the Registrant or a security holder of the Registrant, information regarding the number of shares sold at each price within the range.
F4	On December 12, 2018, the Reporting Person was granted an award of 91,800 restricted stock units, which vest with respect to 25% of the shares subject to the award on each of the first, second, third and fourth anniversaries of the grant date, subject to continued employment with the Registrant and the other terms and conditions of the Registrant's 2013 Stock Incentive Plan.