Ronald Glibbery - Dec 17, 2021 Form 4 Insider Report for Peraso Inc. (PRSO)

Role
Chief Executive Officer, Director
Signature
/s/ James Sullivan, Attorney-in-fact
Stock symbol
PRSO
Transactions as of
Dec 17, 2021
Transactions value $
$0
Form type
4
Date filed
12/21/2021, 06:32 PM
Next filing
Apr 19, 2022

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 PRSO Stock Option (right to buy) Award +22.6K 22.6K Dec 17, 2021 Common Stock 22.6K $1.73 Direct F1, F2
transaction PRSO Stock Option (right to buy) Award +18.1K 18.1K Dec 17, 2021 Common Stock 18.1K $2.59 Direct F1, F3
transaction PRSO Stock Option (right to buy) Award +279K 279K Dec 17, 2021 Common Stock 279K $2.59 Direct F1, F3
transaction PRSO Stock Option (right to buy) Award +110K 110K Dec 17, 2021 Common Stock 110K $2.59 Direct F1, F3
transaction PRSO Exchangeable Shares of 2864555 Ontario Inc. Award +3.39K 3.39K Dec 17, 2021 Common Stock 3.39K Direct F1, F4, F5
transaction PRSO Exchangeable Shares of 2864555 Ontario Inc. Award +68.2K 68.2K Dec 17, 2021 Common Stock 68.2K Direct F1, F4, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person acquired these securities on December 17, 2021, as consideration for the reporting person's securities of Peraso Technologies Inc., which Peraso Inc. (formerly known as MoSys, Inc.) acquired by way of reverse takeover pursuant to the Arrangement Agreement (together with the entirety of ancillary documents thereto - the "Agreement") dated as of September 14, 2021.
F2 100% of the Options were fully vested on November 17, 2018.
F3 The Options were fully vested on December 17, 2021.
F4 Exchangeable Shares are immediately exchangeable for shares of Common Stock on a 1-to-1 ratio.
F5 The Agreement additionally provides that following the first anniversary of the Effective Time (as defined in the Agreement) the reporting person may receive up to 479 Exchangeable Shares of 2864555 Ontario Inc., subject to certain terms and conditions including the requirement to the volume weighted average price of the Common Stock of Peraso Inc. Such shares are included herein.
F6 The Agreement additionally provides that following the first anniversary of the Effective Time (as defined in the Agreement) the reporting person may receive up to 9,639 Exchangeable Shares of 2864555 Ontario Inc., subject to escrow. Such shares are included herein.
F7 Shares are held in trust by reporting person.