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

Role
Chief Executive Officer, Director
Signature
/s/ James Sullivan, Attorney-in-fact
Issuer symbol
PRSO
Transactions as of
17 Dec 2021
Net transactions value
$0
Form type
4
Filing time
21 Dec 2021, 18:32:43 UTC
Next filing
19 Apr 2022
SEC
View on sec.gov

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 +22,619 22,619 17 Dec 2021 Common Stock 22,619 $1.73 Direct F1, F2
transaction PRSO Stock Option (right to buy) Award +18,095 18,095 17 Dec 2021 Common Stock 18,095 $2.59 Direct F1, F3
transaction PRSO Stock Option (right to buy) Award +278,891 278,891 17 Dec 2021 Common Stock 278,891 $2.59 Direct F1, F3
transaction PRSO Stock Option (right to buy) Award +109,599 109,599 17 Dec 2021 Common Stock 109,599 $2.59 Direct F1, F3
transaction PRSO Exchangeable Shares of 2864555 Ontario Inc. Award +3,393 3,393 17 Dec 2021 Common Stock 3,393 Direct F1, F4, F5
transaction PRSO Exchangeable Shares of 2864555 Ontario Inc. Award +68,246 68,246 17 Dec 2021 Common Stock 68,246 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.