Peter J. Mariani - Aug 14, 2024 Form 4 Insider Report for Cytosorbents Corp (CTSO)

Role
Chief Financial Officer
Signature
/s/ Peter J. Mariani
Stock symbol
CTSO
Transactions as of
Aug 14, 2024
Transactions value $
$0
Form type
4
Date filed
8/16/2024, 06:58 PM
Previous filing
Dec 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSO Common Stock Award $0 +110K $0.00 110K Aug 14, 2024 Direct F1
transaction CTSO Common Stock Award $0 +65K +59.09% $0.00 175K Aug 14, 2024 Direct F2
transaction CTSO Common Stock Award $0 +175K +100% $0.00 350K Aug 14, 2024 Direct F3

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 CTSO Stock Option (right to buy) Award $0 +80K $0.00 80K Aug 14, 2024 Common Stock 80K $0.90 Direct F4
transaction CTSO Stock Option (right to buy) Award $0 +215K $0.00 215K Aug 14, 2024 Common Stock 215K $0.90 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent restricted stock units ("RSUs") received as a signing bonus that will be settled into common stock, par value $0.001 per share (the "Common Stock") upon vesting upon the earlier of (i) a "Change In Control" of CytoSorbents Corporation (the "Company"), as defined in the reporting person's employment agreement (the "Employment Agreement"), or (ii) the fourth anniversary from the date of grant, subject to the reporting person's continued service as of the applicable vesting date.
F2 These shares represent RSUs which shall vest as to one-half of the award on each of the first and second anniversaries of the date of grant, subject to the reporting person's continued service as of the applicable vesting date and will be settled into Common Stock upon vesting.
F3 These shares represent RSUs that will be settled into Common Stock upon a "Change In Control" of the Company, as defined in the reporting person's employment agreement, subject to the reporting person's continued service as of the applicable vesting date.
F4 The shares underlying these stock options vest in accordance with the following schedule: (i) 41,000 upon the six-month anniversary of the date of grant, and (ii) 13,000 on the one-year, two-year and three-year anniversaries of the date of grant, subject to the reporting person's continued service as of the applicable vesting date.
F5 The shares underlying these stock options will vest only upon the achievement of certain milestones pursuant to the terms of the Employment Agreement, subject to the reporting person's continued service as of the applicable vesting date.