Andrew I. Koven - Jul 27, 2023 Form 4 Insider Report for NeuroBo Pharmaceuticals, Inc. (NRBO)

Role
Director
Signature
/s/ Phillip D. Torrence, by Power of Attorney
Stock symbol
NRBO
Transactions as of
Jul 27, 2023
Transactions value $
$0
Form type
4
Date filed
7/28/2023, 06:19 AM
Previous filing
Jun 23, 2023
Next filing
Jun 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NRBO Common Stock Award $0 +87.5K $0.00 87.5K Jul 27, 2023 Direct F1, F2
transaction NRBO Common Stock Award $0 +12.5K +14.29% $0.00 100K Jul 27, 2023 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock units ("RSUs") issued to the reporting person under the Issuer's 2022 Equity Incentive Plan. Per the terms of the Amended and Restated Non-Employee Director Compensation Policy, the reporting person elected to defer receipt of the shares of common stock upon the vesting of the RSUs until the earlier of the date that is (i) immediately prior to a Change in Control (as described in the Policy), or (ii) within 60 days following the reporting person's retirement or other separation form service with the Issuer or death, whichever is earlier.
F2 50% of the RSUs vested immediately, and the remainder will vest in two equal installments on each subsequent anniversary of the date of grant, subject to continuing service.
F3 Vests on the earlier of July 27, 2024 or the day prior to the Issuer's next annual meeting of stockholders occurring after the grant date, subject to continuing service.

Remarks:

Exhibit 24, Power of Attorney, is attached.