Geir Skaaden - 07 Oct 2022 Form 4 Insider Report for Xperi Inc. (XPER)

Role
Title: Chief Products & Services Officer
Signature
/s/ Robert J. Andersen, as Attorney-in-Fact
Issuer symbol
XPER
Transactions as of
07 Oct 2022
Net transactions value
$0
Form type
4
Filing time
12 Oct 2022, 21:33:08 UTC
Previous filing
03 Mar 2023
Next filing
03 Mar 2023
SEC
View on sec.gov

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 XPER Stock Options (Right to Buy) Award +1,258 1,258 07 Oct 2022 Common Stock 1,258 $20.50 Direct F1, F2
transaction XPER Stock Options (Right to Buy) Award +3,566 3,566 07 Oct 2022 Common Stock 3,566 $21.15 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents stock options granted by Xperi Holding Corporation that have been converted into stock options of the Issuer in connection with the spin-off of the Issuer from Xperi Holding Corporation (the "Spin-off"). The stock options reported herein were determined on October 7, 2022, based on a five-day volume weighted average price of the Issuer's common stock following the closing of the Spin-off. These stock options are subject to the same terms and conditions applicable to such Xperi Holding Corporation awards.
F2 Reflects stock options that are fully vested.

Remarks:

Title: Chief Products & Services Officer