Ronald Asbury Andrews - Aug 31, 2024 Form 4 Insider Report for Precipio, Inc. (PRPO)

Role
Director
Signature
/s/ Andrews Ron A
Stock symbol
PRPO
Transactions as of
Aug 31, 2024
Transactions value $
$0
Form type
4
Date filed
9/6/2024, 05:11 PM
Previous filing
Jul 16, 2024
Next filing
Oct 17, 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 -103 -100% $0.00 0 Aug 31, 2024 Common Stock 103 $52.00 Direct F1, F2
transaction PRPO Stock Option (Right to Buy) Award $0 +103 $0.00 103 Aug 31, 2024 Common Stock 103 $6.56 Direct F1, F2, F3
transaction PRPO Stock Option (Right to Buy) Disposed to Issuer $0 -258 -100% $0.00 0 Aug 31, 2024 Common Stock 258 $52.00 Direct F1, F2
transaction PRPO Stock Option (Right to Buy) Award $0 +258 $0.00 258 Aug 31, 2024 Common Stock 258 $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 $64.40 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 -2K -100% $0.00 0 Aug 31, 2024 Common Stock 2K $30.80 Direct F1, F2
transaction PRPO Stock Option (Right to Buy) Award $0 +2K $0.00 2K Aug 31, 2024 Common Stock 2K $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 becomes exercisable in accordance with the vesting schedule specified in the award agreement and as previously reported on applicable Form-4, 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.