Frederic Guerard - Nov 24, 2022 Form 4 Insider Report for GRAYBUG VISION, INC. (CALC)

Role
Chief Executive Officer, Director
Signature
/s/ Frederic Guerard
Stock symbol
CALC
Transactions as of
Nov 24, 2022
Transactions value $
-$17,302
Form type
4
Date filed
11/29/2022, 03:36 PM
Previous filing
Aug 26, 2022
Next filing
Dec 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CALC Common Stock Options Exercise +65.6K +65.19% 166K Nov 24, 2022 Direct F1
transaction CALC Common Stock Tax liability -$17.3K -25.8K -15.53% $0.67* 140K Nov 24, 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 -65.6K -6.25% $0.00 984K Nov 24, 2022 Common Stock 65.6K 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 shall vested as to 6.25% of the total shares on November 16, 2022, and 6.25% of the remaining shares shall vest quarterly thereafter such that the RSUs shall be fully vested on August 16, 2026, 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.