Scot Michael Elder - 09 Mar 2023 Form 4 Insider Report for TREACE MEDICAL CONCEPTS, INC. (TMCI)

Role
*Chief Legal & Compliance Officer, Corporate Secretary
Signature
/s/ Lisa Taylor as Attorney-in-fact for Scot Elder
Issuer symbol
TMCI
Transactions as of
09 Mar 2023
Net transactions value
-$4,321
Form type
4
Filing time
10 Mar 2023, 20:00:12 UTC
Previous filing
17 Nov 2022
Next filing
05 Oct 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMCI Common Stock Sale $4,321 -177 -0.78% $24.41 22,421 09 Mar 2023 Direct F1, F2
transaction TMCI Common Stock Award $0 +27,500 +123% $0.000000 49,921 10 Mar 2023 Direct F3, F4

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 TMCI Stock Option (Right to Buy) Award $0 +62,300 $0.000000 62,300 10 Mar 2023 Stock Option (Right to Buy) 62,300 $24.07 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
F2 Includes 18,143 RSUs.
F3 Represents restricted stock units ("RSUs") for which the Reporting Person is entitled to receive one (1) share of issuer's Common Stock for each RSU upon vesting. The RSUs vest in equal annual installments over 4 years, commencing on March 10, 2024 with the last installment on March 10, 2027; subject to Reporting Person's providing continued service to Issuer through each vesting date.
F4 Includes 45,643 RSUs.
F5 The stock option will vest in equal annual installments over 4 years, commencing on March 10, 2024 with the last installment on March 10, 2027; subject to Reporting Person's providing continued service to Issuer through each vesting date.

Remarks:

*Chief Legal & Compliance Officer, Corporate Secretary