Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | DRIO | Stock Option (right to buy) | Award | $0 | +718K | $0.00 | 718K | Feb 15, 2024 | Common Stock | 718K | $2.55 | Direct | F1 | |
transaction | DRIO | Stock Option (right to buy) | Award | $0 | +300K | $0.00 | 300K | Feb 15, 2024 | Common Stock | 300K | $2.55 | Direct | F2 |
Id | Content |
---|---|
F1 | The options vest as follows: 291,742 shares vest immediately, and the remaining 426,205 shares vest over two years in eight equal quarterly amounts, subject to subject to the Reporting Person's continued services to the Issuer on the applicable vesting date. |
F2 | The options vest immediately upon achieving certain milestones relating to the achievement of revenues (on a U.S. generally accepted account principals basis) for the year ending December 31, 2024, the achievement of certain operating expense targets for the years ending December 31, 2024 and December 31, 2025, the ability to generate software value from funds invested and meet product roadmap and the retention of key employees post transaction, subject in each case to the Reporting Person's continued services to the Issuer on the applicable vesting date. |