Phillip P. Chan - 08 Dec 2022 Form 4 Insider Report for Cytosorbents Corp (CTSO)

Signature
/s/ Kathleen P. Bloch attorney-in-fact for Phillip P. Chan
Issuer symbol
CTSO
Transactions as of
08 Dec 2022
Transactions value $
$7,382
Form type
4
Filing time
09 Dec 2022, 15:31:54 UTC
Previous filing
08 Dec 2022
Next filing
05 Apr 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSO Common Stock Purchase $7.38K +5.86K +0.66% $1.26 897K 08 Dec 2022 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transaction reported on this Form 4 reflects an open market purchase made by the reporting person.
F2 Includes (a) the following restricted stock units ("RSUs") that will be settled into shares of the Issuer's common stock upon vesting upon a "Change In Control" of the Issuer as defined in the Amended and Restated CytoSorbents Corporation 2014 Long-Term Incentive Plan (the "Plan"): (a) 10,300 RSUs granted on March 15, 2018, (b) 18,700 RSUs granted on February 24, 2017, (c) 57,000 RSUs granted on June 7, 2016 and (d) 130,000 RSUs granted on April 8, 2015;
F3 (continued from footnote 2) (b) the following RSUs (which vest as to one-third of the award on each of the date of grant, the first anniversary of the date of grant, and the second anniversary of the date of grant, subject to the reporting person's continued service as of the applicable vesting date) and will settle into shares of Common Stock upon vesting: (a) 24,000 RSUs granted on April 12, 2021 and unvested on the date hereof and (b) 52,667 RSUs granted on August 10, 2022 and unvested as of the date hereof; and
F4 (continued from footnote 3) (c) 604,612 shares of the Issuer's common stock owned by the reporting person, inclusive of the 5,859 shares of the Issuer's common stock reported on this Form 4.