Michael Favet - Mar 8, 2022 Form 4 Insider Report for NeuroPace Inc (NPCE)

Role: Chief Executive Officer, Director
Signature: /s/ Irina Ridley, Attorney-In-Fact
Stock symbol: NPCE
Transactions as of: Mar 8, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/8/2022, 03:43 PM
Previous filing: Jun 29, 2021
Next filing: Feb 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NPCE	Common Stock	Award	$0	+155K	+574.37%	$0.00	182K	Mar 8, 2022	Direct	F1

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	NPCE	Stock Option (Right to Buy)	Award	$0	+310K		$0.00	310K	Mar 8, 2022	Common Stock	310K	$8.10	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each share is represented by a restricted stock unit ("RSU"). Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. 25% of the RSUs vest on March 8, 2023 and the remaining RSUs vest in twelve (12) equal quarterly installments thereafter.
F2	25% of the shares subject to the option vest on March 8, 2023. The remaining shares subject to the option vest in thirty six (36) equal consecutive monthly installments thereafter. The option is early exercisable.