Richard Alan Anderson - 06 Mar 2024 Form 4 Insider Report for DarioHealth Corp. (DRIO)

Role
President
Signature
/s/ Richard Anderson
Issuer symbol
DRIO
Transactions as of
06 Mar 2024
Net transactions value
$0
Form type
4
Filing time
08 Mar 2024, 16:22:19 UTC
Previous filing
10 Jun 2022
SEC
View on sec.gov

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 DRIO Stock Option (right to buy) Award $0 +750,000 $0.000000 750,000 06 Mar 2024 Common Stock 750,000 $1.68 Direct F1
transaction DRIO Stock Option (right to buy) Award $0 +320,000 $0.000000 320,000 06 Mar 2024 Common Stock 320,000 $1.68 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options will vest over a two-year period commencing on the grant date, with 50% vesting on the grant date and 50% vesting in eight equal quarterly installments following the grant date, subject to the employee's continued employment by the Company.
F2 The option will vest upon reaching certain performance milestones between December 31, 2024 and March 31, 2025.