Steven Nelson - Jun 5, 2024 Form 4 Insider Report for DarioHealth Corp. (DRIO)

Role
Chief Commercial Officer
Signature
/s/ Steven Nelson
Stock symbol
DRIO
Transactions as of
Jun 5, 2024
Transactions value $
$0
Form type
4
Date filed
6/7/2024, 04:02 PM
Next filing
Aug 20, 2024

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 +500K $0.00 500K Jun 5, 2024 Common Stock 500K $1.35 Direct F1
transaction DRIO Stock Option (right to buy) Award $0 +400K $0.00 400K Jun 5, 2024 Common Stock 400K $1.35 Direct F2
transaction DRIO Stock Option (right to buy) Award $0 +1.2M +800% $0.00 1.35M Jun 5, 2024 Common Stock 1.35M $1.35 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options vest as follows: 500,00 shares vest over three years in three equal yearly amounts, 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 principles basis) for the year ending December 31, 2024.
F3 The options vest as follows: 400,000 shares begin to vest over three years in 12 equal quarterly amounts upon achieving certain milestones relating to the achievement of revenues (on a U.S. generally accepted account principles basis) for each of the years ending December 31, 2025, December 31, 2026 and December 31, 2027.