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

Role
Chief Operating Officer
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, 06:34 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 +9.05K 9.05K Dec 17, 2021 Common Stock 9.05K $2.59 Direct F1, F2
transaction PRSO Stock Option (right to buy) Award +175K 175K Dec 17, 2021 Common Stock 175K $2.59 Direct F1, F3
transaction PRSO Stock Option (right to buy) Award +65.8K 65.8K Dec 17, 2021 Common Stock 65.8K $2.59 Direct F1, F3
transaction PRSO Exchangeable Shares of 2864555 Ontario Inc. Award +24.9K 24.9K Dec 17, 2021 Common Stock 24.9K 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.