Micah Mitchell - 09 Jun 2021 Form 4 Insider Report for MYOMO, INC. (MYO)

Signature
/s/ Micah Mitchell
Issuer symbol
MYO
Transactions as of
09 Jun 2021
Net transactions value
-$1,773
Form type
4
Filing time
11 Jun 2021, 16:44:04 UTC
Next filing
14 Jun 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MYO Common Stock Award $0 +5,700 +29% $0.000000 25,269 09 Jun 2021 Direct F1
transaction MYO Common Stock Tax liability $1,773 -154 -0.61% $11.51 25,115 10 Jun 2021 Direct F2

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 MYO Restricted Stock Units Award $0 +11,400 $0.000000 11,400 09 Jun 2021 Common Stock 11,400 $0.000000 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents grant of Restricted Stock Units (RSU's) under the Issuer's, 2018 Stock Option and Incentive Plan. These RSU's shall vest in three equal annual installments beginning on June 9, 2022.
F2 Represents shares sold on June 10, 2021 solely to pay income taxes resulting from vesting of restricted stock units on June 5, 2021.
F3 Represents performance-based grant of restricted stock units ("RSU's") under the Issuer's 2018 Stock Option and Incentive Plan. The RSU's shall vest three years from the grant date based on the relative stock price performance of Myomo's common stock compared to a peer group of six companies over the measurement period from June 10, 2021 to March 9, 2024. The RSU's reported herein represent the maximum number that could be earned if Myomo's stock price performance was in the 75th percentile or higher compared to the peer group. The minimum number of shares that could be issued is zero if Myomo's stock price performance was in the 25th percentile or less of the peer group.