Christopher R. Cline - Sep 1, 2022 Form 4 Insider Report for Travere Therapeutics, Inc. (TVTX)

Role: Chief Financial Officer
Signature: /s/ Elizabeth E. Reed, Attorney-in-Fact
Stock symbol: TVTX
Transactions as of: Sep 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 9/1/2022, 06:20 PM
Next filing: Jan 26, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TVTX	Common Stock	Award	$0	+5K	+17.41%	$0.00	33.7K	Sep 1, 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	TVTX	Employee Stock option (right to buy)	Award	$0	+48K		$0.00	48K	Sep 1, 2022	Common Stock	48K	$28.06	Direct	F2
transaction	TVTX	Performance-based restricted stock units	Award	$0	+9.84K		$0.00	9.84K	Sep 1, 2022	Common Stock	9.84K		Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	The equity award vests over four years, with 1/4th vesting on each anniversary of the grant date.
F2	One-fourth of the shares subject to the stock option vest and become exercisable on the first anniversary of the date of grant, and the remaining shares vest in 36 equal monthly installments thereafter.
F3	Each performance-based restricted stock unit represents a contingent right to receive one share of the Common Stock of the Issuer.
F4	This grant will vest upon the achievement of specified clinical/regulatory and commercial milestones, provided, however, if either vesting event occurs before the date that is 12 months after the date of grant, then the portion of the award that would have vested upon such event will instead vest on the date that is 12 months after the date of grant, and provided further that the Performance RSU will expire on January 31,2027 to the extent the specified performance based milestones are not achieved by such date.