Jennifer Regan - 29 May 2024 Form 4 Insider Report for Accelerate Diagnostics, Inc (AXDX)

Role
Director
Signature
/s/ David Patience, attorney-in-fact
Issuer symbol
AXDX
Transactions as of
29 May 2024
Net transactions value
$0
Form type
4
Filing time
30 May 2024, 16:25:38 UTC
Previous filing
21 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AXDX Common Stock Options Exercise $0 +7,894 $0.000000 7,894 29 May 2024 Direct F1
transaction AXDX Common Stock Options Exercise $0 +4,737 +60% $0.000000 12,631 29 May 2024 Direct F1

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 AXDX Restricted Stock Units Options Exercise $0 -7,894 -100% $0.000000* 0 29 May 2024 Common Stock 7,894 Direct F1, F2
transaction AXDX Restricted Stock Units Options Exercise $0 -4,737 -20% $0.000000 18,947 29 May 2024 Common Stock 4,737 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's common stock upon vesting.
F2 On May 29, 2023, the reporting person was granted a total of 7,894 RSUs, which vested on the first-year anniversary of the grant date.
F3 On May 29, 2023, the reporting person was granted a total of 23,684 RSUs, which vest in five equal annual installments beginning on May 29, 2024.

Remarks:

On July 11, 2023, the issuer effected a reverse stock split of its common stock at a ratio of 1-for-10 (the "Reverse Stock Split"). As a result of the Reverse Stock Split, proportionate adjustments were made to the number of shares of the issuer's common stock underlying its outstanding equity awards, warrants and convertible notes, as well as the exercise or conversion price, as applicable. The amounts reported after the effective date of the Reverse Stock Split, including the amounts reported herein (and to be reported in subsequent reports), have been adjusted to reflect the Reverse Stock Split.