Robert S. Breuil - 22 Sep 2021 Form 4 Insider Report for GRAYBUG VISION, INC. (CALC)

Role
Chief Financial Officer
Signature
/s/ Frederic Guerard, as Attorney-in-Fact for Robert S. Breuil
Issuer symbol
CALC
Transactions as of
22 Sep 2021
Net transactions value
-$25,854
Form type
4
Filing time
24 Sep 2021, 19:16:09 UTC
Previous filing
21 May 2021
Next filing
07 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CALC Common Stock Options Exercise +20,000 20,000 22 Sep 2021 Direct F1
transaction CALC Common Stock Sale $25,854 -7,283 -36% $3.55 12,717 22 Sep 2021 Direct 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 CALC Restricted Stock Units Options Exercise $0 -20,000 -25% $0.000000 60,000 22 Sep 2021 Common Stock 20,000 Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F2 Represents the aggregate number of shares sold by the Reporting Person to cover taxes and fees due upon the release and settlement of the Restricted Stock Units ("RSUs"). The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes and fees.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.47 to $3.61 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The RSUs vested as to 1/4 of the total shares on September 4, 2021, but were not settled and issued until September 22, 2021. 1/12 of the remaining shares shall vest quarterly thereafter such that the RSUs shall be fully vested on September 4, 2024, subject to the continued service of the Reporting Person to the Issuer through each vesting date.
F5 The RSUs do not expire; they either vest or are canceled prior to vest date.