Christine Desrochers - Sep 5, 2023 Form 4 Insider Report for Conformis Inc (CFMS)

Signature
/s/ Denise E. Pedulla, Attorney-in-Fact for Christine Desrochers
Stock symbol
CFMS
Transactions as of
Sep 5, 2023
Transactions value $
$0
Form type
4
Date filed
9/5/2023, 06:13 AM
Previous filing
Jun 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CFMS Common Stock Disposed to Issuer -81.5K -100% 0 Sep 5, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Christine Desrochers is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported securities were disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of June 22, 2023, by and among Issuer, restor3d, Inc., a Delaware corporation ("restor3d"), and Cona Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of restor3d ("Merger Sub"). Immediately prior to effectiveness of the merger, each outstanding share of restricted stock vested in full. Upon effectiveness of the merger, in exchange for each share of Common Stock, the reporting person received $2.27 in cash, without interest and less applicable withholding taxes.