Gage Matthew - Aug 31, 2024 Form 4 Insider Report for Precipio, Inc. (PRPO)

Role
Chief Financial Officer
Signature
/s/ Gage Matthew
Stock symbol
PRPO
Transactions as of
Aug 31, 2024
Transactions value $
$0
Form type
4
Date filed
9/6/2024, 05:06 PM
Previous filing
Jun 25, 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 PRPO Stock Option (Right to Buy) Disposed to Issuer $0 -166 -100% $0.00 0 Aug 31, 2024 Common Stock 166 $213.00 Direct F1, F2
transaction PRPO Stock Option (Right to Buy) Award $0 +166 $0.00 166 Aug 31, 2024 Common Stock 166 $6.56 Direct F1, F2, F3
transaction PRPO Stock Option (Right to Buy) Disposed to Issuer $0 -133 -100% $0.00 0 Aug 31, 2024 Common Stock 133 $45.00 Direct F1, F2
transaction PRPO Stock Option (Right to Buy) Award $0 +133 $0.00 133 Aug 31, 2024 Common Stock 133 $6.56 Direct F1, F2, F3
transaction PRPO Stock Option (Right to Buy) Disposed to Issuer $0 -375 -100% $0.00 0 Aug 31, 2024 Common Stock 375 $42.80 Direct F1, F2
transaction PRPO Stock Option (Right to Buy) Award $0 +375 $0.00 375 Aug 31, 2024 Common Stock 375 $6.56 Direct F1, F2, F3
transaction PRPO Stock Option (Right to Buy) Disposed to Issuer $0 -400 -100% $0.00 0 Aug 31, 2024 Common Stock 400 $44.80 Direct F1, F2
transaction PRPO Stock Option (Right to Buy) Award $0 +400 $0.00 400 Aug 31, 2024 Common Stock 400 $6.56 Direct F1, F2, F3
transaction PRPO Stock Option (Right to Buy) Disposed to Issuer $0 -500 -100% $0.00 0 Aug 31, 2024 Common Stock 500 $42.00 Direct F1, F2
transaction PRPO Stock Option (Right to Buy) Award $0 +500 $0.00 500 Aug 31, 2024 Common Stock 500 $6.56 Direct F1, F2, F3
transaction PRPO Stock Option (Right to Buy) Disposed to Issuer $0 -1.25K -100% $0.00 0 Aug 31, 2024 Common Stock 1.25K $64.20 Direct F1, F2
transaction PRPO Stock Option (Right to Buy) Award $0 +1.25K $0.00 1.25K Aug 31, 2024 Common Stock 1.25K $6.56 Direct F1, F2, F3
transaction PRPO Stock Option (Right to Buy) Disposed to Issuer $0 -1K -100% $0.00 0 Aug 31, 2024 Common Stock 1K $30.80 Direct F1, F2
transaction PRPO Stock Option (Right to Buy) Award $0 +1K $0.00 1K Aug 31, 2024 Common Stock 1K $6.56 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 30, 2024, the Issuer's Board of Directors approved an option repricing (the "Repricing"), effective as of August 31, 2024 (the "Effective Date"). All of the other terms of the options remain unchanged. Such transactions were exempt pursuant to Rule 16b-6(d) and Rule 16b-3 of the Exchange Act, as applicable.
F2 This stock option award was issued pursuant to the Company's Amended and Restated 2017 Stock Option and Incentive Plan, as amended, (the "2017 Plan") and become exercisable so that 25% of the options shall vest on the first anniversary of the date of grant and, commencing one month thereafter, the remainder shall vest in 36 equal monthly installments subject to the Reporting Person's continued service with the Issuer as of the applicable vesting date.
F3 The exercise price of the option is $6.56 per share, representing the fair market value per share of the Issuer's Common Stock on the Effective Date; provided that the repriced option will revert to its original exercise price if, prior to the first anniversary of the Effective Date, (a) the Reporting Person's service with the Issuer is terminated by the Issuer with cause or by the Reporting Person or (b) the option is exercised.