Peter W. Sonsini - May 24, 2021 Form 4 Insider Report for Eargo, Inc. (EAR)

Role
10%+ Owner
Signature
/s/ Sasha Keough, attorney-in-fact
Stock symbol
EAR
Transactions as of
May 24, 2021
Transactions value $
$0
Form type
4
Date filed
5/26/2021, 04:42 PM
Next filing
Jun 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EAR Common Stock Other $0 -2M -30.67% $0.00 4.52M May 24, 2021 See Note 2 F1, F2
transaction EAR Common Stock Other $0 +30K $0.00 30K May 24, 2021 See Note 4 F3, F4
transaction EAR Common Stock Other $0 -30K -100% $0.00* 0 May 24, 2021 See Note 4 F4, F5
transaction EAR Common Stock Other $0 +821 $0.00 821 May 24, 2021 See Note 7 F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 New Enterprise Associates 15, L.P. ("NEA 15") made a pro rata distribution for no consideration of an aggregate of 2,000,000 shares of Common Stock of the Issuer to its general partner and its limited partners on May 24, 2021.
F2 The Reporting Person is a manager of NEA 15 GP, LLC ("NEA 15 GP"), which is the sole general partner of NEA Partners 15, L.P. ("NEA Partners 15"). NEA Partners 15 is the sole general partner of NEA 15, which is the direct beneficial owner of the shares. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the NEA 15 shares in which the Reporting Person has no pecuniary interest.
F3 NEA Partners 15 received 30,000 shares of Common Stock of the Issuer in the distribution by NEA 15 on May 24, 2021.
F4 The Reporting Person is a manager of NEA 15 GP, which is the sole general partner of NEA Partners 15, the direct beneficial owner of the shares. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the NEA Partners 15 shares in which the Reporting Person has no pecuniary interest.
F5 NEA Partners 15 made a pro rata distribution for no consideration of an aggregate of 30,000 shares of Common Stock of the Issuer to its limited partners on May 24, 2021.
F6 The Peter & Diane Sonsini Family Trust dated January 17, 2007 (the "Sonsini Trust") received 821 shares of Common Stock of the Issuer in the distribution by NEA Partners 15 on May 24, 2021.
F7 The Reporting Person is a trustee of the Sonsini Trust, which is the direct beneficial owner of the shares. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the Sonsini Trust shares in which the Reporting Person has no pecuniary interest.