Robert S. Breuil - May 19, 2021 Form 4 Insider Report for GRAYBUG VISION, INC. (CALC)

Role
Chief Financial Officer
Signature
/s/ Robert S. Breuil
Stock symbol
CALC
Transactions as of
May 19, 2021
Transactions value $
$0
Form type
4
Date filed
5/21/2021, 04:21 PM
Next filing
Sep 24, 2021

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 CALC Employee Stock Option (Right to Buy) Award $0 +232K $0.00 232K May 19, 2021 Common Stock 232K $3.73 Direct F1
transaction CALC Restricted Stock Units Award $0 +159K $0.00 159K May 19, 2021 Common Stock 159K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option vests as to 1/4 of the total shares on May 19, 2022 and then 1/48 of the total shares monthly until the option is fully vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F3 The RSUs shall vest as to 1/4 of the total shares on May 19, 2022, and 1/16 of the remaining shares shall vest quarterly thereafter such that the RSUs shall be fully vested on May 19, 2025, subject to the continued service of the Reporting Person to the Issuer through each vesting date.
F4 The RSUs do not expire; they either vest or are canceled prior to vest date.