Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SRRK | Common Stock | Award | $0 | +50K | +11.61% | $0.00 | 480K | Jun 16, 2022 | Direct | F1, F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SRRK | Stock Option (Right to Buy) | Award | $0 | +50K | $0.00 | 50K | Jun 16, 2022 | Common Stock | 50K | $4.86 | Direct | F3 |
Id | Content |
---|---|
F1 | Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. The shares subject to this RSU vest in their entirety on June 15, 2023; provided the reporting person continues to have a service relationship with the Company on such vesting date. |
F2 | Consists of 100,000 RSUs and 380,491 shares owned directly by Mahanthappa - Talland Revocable Trust, for which the reporting person's spouse, Valentine Talland, and reporting person are co-trustees. |
F3 | Options shall vest and become exercisable in four quarterly installments over one year, with the first quarterly installment to vest on September 16, 2022 and each additional installment to vest quarterly thereafter, provided the individual continues to have a service relationship with the Company on such vesting date. |