Parisa Zamiri - May 19, 2022 Form 4 Insider Report for GRAYBUG VISION, INC. (CALC)

Role
Chief Medical Officer
Signature
/s/ Frederic Guerard, as Attorney-in-Fact for Robert S. Breuil
Stock symbol
CALC
Transactions as of
May 19, 2022
Transactions value $
-$11,825
Form type
4
Date filed
5/23/2022, 04:47 PM
Previous filing
Mar 2, 2022
Next filing
Aug 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CALC Common Stock Options Exercise +37.5K 37.5K May 19, 2022 Direct F1
transaction CALC Common Stock Tax liability -$11.8K -13.1K -34.99% $0.90* 24.4K May 19, 2022 Direct

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 CALC Restricted Stock Units Options Exercise $0 -37.5K -25% $0.00 113K May 19, 2022 Common Stock 37.5K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2 The RSUs vested as to 1/4 of the total shares on May 19, 2022, and 1/16 of the remaining shares shall vest quarterly thereafter such that the RSUs shall be fully vested on May 19, 2025, subject to the continued service of the Reporting Person to the Issuer through each vesting date.
F3 The RSUs do not expire; they either vest or are canceled prior to vest date.