Brad Lynch - 17 Dec 2021 Form 4 Insider Report for Peraso Inc. (PRSO)

Role
Chief Operating Officer
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, 18:34:43 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 +9,047 9,047 17 Dec 2021 Common Stock 9,047 $2.59 Direct F1, F2
transaction PRSO Stock Option (right to buy) Award +174,573 174,573 17 Dec 2021 Common Stock 174,573 $2.59 Direct F1, F3
transaction PRSO Stock Option (right to buy) Award +65,759 65,759 17 Dec 2021 Common Stock 65,759 $2.59 Direct F1, F3
transaction PRSO Exchangeable Shares of 2864555 Ontario Inc. Award +24,904 24,904 17 Dec 2021 Common Stock 24,904 Direct F1, F4, F5
* 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 September 17, 2021.
F3 25% of the Options vest on first anniversary of date of grant, September 17, 2020; and 6.25% of the Options vest on the first day of each calendar quarter following September 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 from escrow up to 3,518 Exchangeable Shares of 2864555 Ontario Inc., subject to certain terms and conditions, including a requirement as to the volume weighted average price of the Common Stock of Peraso Inc. Such shares are included herein.