William Brownie - Feb 1, 2023 Form 4 Insider Report for Eargo, Inc. (EAR)

Signature
/s/ Christy La Pierre, Attorney-in-Fact for William Brownie
Stock symbol
EAR
Transactions as of
Feb 1, 2023
Transactions value $
$0
Form type
4
Date filed
2/3/2023, 03:07 PM
Previous filing
Nov 21, 2022
Next filing
Feb 22, 2023

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 EAR Stock Option (Right to Buy) Award $0 +93.8K $0.00 93.8K Feb 1, 2023 Common Stock 93.8K $11.58 Direct F1
transaction EAR Stock Option (Right to Buy) Award $0 +93.8K $0.00 93.8K Feb 1, 2023 Common Stock 93.8K $11.58 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Stock Option vests and becomes exercisable as to 20% of the shares subject to the stock option on February 15, 2024 (the "Vesting Start Date"), with the remainder vesting in 16 equal quarterly installments thereafter until all of the shares subject to the stock option have vested and become exercisable on the fourth anniversary of the Vesting Start Date, so long as the Reporting Person remains an employee, consultant, director or officer of the Issuer through each such date.
F2 The Stock Option vests and becomes exercisable in full upon attainment of a 360-day VWAP (volume-weighted average price) of $20.00 for the Issuer's Common Stock on or prior to February 15, 2028, so long as the Reporting Person remains an employee, consultant, director or officer of the Issuer through such date.