Donald Zurbay - Sep 17, 2024 Form 4 Insider Report for Silk Road Medical Inc (SILK)

Role: Director
Signature: /s/ Mhairi Jones, by power of attorney
Stock symbol: SILK
Transactions as of: Sep 17, 2024
Transactions value $: -$3,638,740
Form type: 4
Date filed: 9/18/2024, 09:12 PM
Previous filing: Jul 16, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SILK	Common Stock	Disposed to Issuer		-12.6K	-100%		0	Sep 17, 2024	Direct	F1, F2, 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	SILK	Stock Option (right to buy)	Disposed to Issuer	-$3.12M	-146K	-100%	$21.39	0	Sep 17, 2024	Common Stock	146K	$6.11	Direct	F4
transaction	SILK	Stock Option (right to buy)	Disposed to Issuer	-$448K	-29.2K	-100%	$15.35	0	Sep 17, 2024	Common Stock	29.2K	$12.15	Direct	F5
transaction	SILK	Stock Option (right to buy)	Disposed to Issuer	-$66.8K	-8.91K	-100%	$7.50	0	Sep 17, 2024	Common Stock	8.91K	$20.00	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id	Content
F1	Of the reported shares, 5,859 are represented by restricted stock units, or RSUs, each of which represents a contingent right to receive one share of Issuer common stock.
F2	Pursuant to the Agreement and Plan of Merger dated June 17, 2024, between the Issuer, Boston Scientific Corporation and Seminole Merger Sub, Inc, (the "Merger Agreement"), each share of Issuer common stock was canceled and converted into the right to receive $27.50 per share in cash (the "Merger Consideration"), without interest and subject to applicable withholding taxes.
F3	Pursuant to the Merger Agreement, each RSU was canceled and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the Merger Consideration and (ii) the aggregate number of shares underlying the RSUs, less applicable taxes and authorized deductions.
F4	The shares subject to the option are fully vested and immediately exercisable. Pursuant to the Merger Agreement, the option was cancelled in exchange for a cash payment of $3,123,603.09, which represents the difference between (i) the amount by which the Merger Consideration exceeded the exercise price of the option per share option and (ii) the aggregate number of shares remaining issuable upon exercise of the option, less applicable taxes and authorized deductions.
F5	The shares subject to the option are fully vested and immediately exercisable. Pursuant to the Merger Agreement, the option was cancelled in exchange for a cash payment of $448,312.10, which represents the difference between (i) the amount by which the Merger Consideration exceeded the exercise price of the option per share option and (ii) the aggregate number of shares remaining issuable upon exercise of the option, less applicable taxes and authorized deductions.
F6	The shares subject to the option are fully vested and immediately exercisable. Pursuant to the Merger Agreement, the option was cancelled in exchange for a cash payment of $66,825.00, which represents the difference between (i) the amount by which the Merger Consideration exceeded the exercise price of the option per share option and (ii) the aggregate number of shares remaining issuable upon exercise of the option, less applicable taxes and authorized deductions.