Cheryl R. Blanchard - Mar 9, 2023 Form 4 Insider Report for Anika Therapeutics, Inc. (ANIK)

Signature
/s/ Cheryl R. Blanchard
Stock symbol
ANIK
Transactions as of
Mar 9, 2023
Transactions value $
-$113,883
Form type
4
Date filed
3/10/2023, 03:51 PM
Previous filing
Mar 3, 2023
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANIK Common Stock Options Exercise $0 +14.4K +19.61% $0.00 88K Mar 9, 2023 Direct F1, F2
transaction ANIK Common Stock Tax liability -$114K -4.23K -4.81% $26.91 83.7K Mar 9, 2023 Direct F3, F4
holding ANIK Common Stock 11.7K Mar 9, 2023 Revocable Trust F5

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 ANIK Restricted Stock Unit Award $0 +60K $0.00 60K Mar 9, 2023 Common Stock 60K $0.00 Direct F6
transaction ANIK Stock Option (Right to Buy) Award $0 +131K $0.00 131K Mar 9, 2023 Common Stock 131K $29.60 Direct F7, F8
transaction ANIK Restricted Stock Unit Options Exercise $0 -14.4K -50% $0.00 14.4K Mar 9, 2023 Common Stock 14.4K $0.00 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the second vesting installment of Restricted Stock Units (RSUs) granted on March 9, 2021.
F2 Includes the following shares acquired under the Anika Therapeutics, Inc. Employee Stock Purchase Plan: 540 shares purchased on May 13, 2022 and 178 shares purchased on November 14, 2022.
F3 Reflects an aggregate of 4,232 shares of common stock retained by the Issuer to satisfy tax withholding obligations with respect to RSUs that vested on March 9, 2023.
F4 Reflects the closing price of ANIK common stock on March 9, 2023, the trading day on which the vesting of RSUs gave rise to tax withholding obligations.
F5 Consists of shares transferred by Dr. Blanchard to The Cheryl R. Blanchard Amended and Restated Revocable Trust dated December 19, 2014, of which Dr. Blanchard is a beneficiary and the sole trustee.
F6 Each RSU represents the contingent right to receive one share of the Company's common stock. The RSUs vest in three equal annual installments beginning March 9, 2024.
F7 Represents a 10% premium above the closing price of Anika's common stock on the date of grant.
F8 The premium priced stock options vest in three equal annual installments beginning on March 9, 2024.
F9 Each RSU represents the contingent right to receive one share of the Company's common stock. The RSUs vest in three equal annual installments beginning March 9, 2022.