Richard Stewart - Jan 3, 2022 Form 4 Insider Report for ACHIEVE LIFE SCIENCES, INC. (ACHV)

Role
Executive Chairman, Director
Signature
Sandra Thomson as attorney-in-fact for Richard Stewart
Stock symbol
ACHV
Transactions as of
Jan 3, 2022
Transactions value $
$0
Form type
4
Date filed
1/5/2022, 03:27 PM
Next filing
Apr 29, 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 ACHV Performance Restricted Stock Unit (PRSU) Award $0 +45K $0.00 45K Jan 3, 2022 Common Stock 45K Direct F1, F2
transaction ACHV Stock Option (right to buy) Award $0 +45K $0.00 45K Jan 3, 2022 Common Stock 45K $8.26 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each PRSU represents a contingent right to receive one share of the issuer's common stock at settlement.
F2 Pursuant to the terms of the PRSU 50% of the total shares underlying the PRSU vest on the achievement of a performance-based milestone, and 50% vest on the first anniversary of the achievement of such milestone. The PRSUs will lapse in full if achievement of such milestone is not met.
F3 The options vest one-third on the first anniversary of January 3, 2022 and thereafter in monthly installments over 24 months.