Mark Hair - Mar 9, 2023 Form 4 Insider Report for TREACE MEDICAL CONCEPTS, INC. (TMCI)

Role
Chief Financial Officer
Signature
/s/ Lisa Taylor as attorney-in-fact for Mark Hair
Stock symbol
TMCI
Transactions as of
Mar 9, 2023
Transactions value $
-$25,386
Form type
4
Date filed
3/10/2023, 08:00 PM
Previous filing
May 20, 2022
Next filing
Jan 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMCI Common Stock Sale -$25.4K -1.04K -3.69% $24.41 27.1K Mar 9, 2023 Direct F1, F2
transaction TMCI Common Stock Award $0 +45.8K +169.03% $0.00 72.9K Mar 10, 2023 Direct F3, F4
holding TMCI Common Stock 2.4K Mar 9, 2023 By dependents F5

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 +104K $0.00 104K Mar 10, 2023 Stock Option (Right to Buy) 104K $24.07 Direct F6
* 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 8,962 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 54,787 RSUs.
F5 Holdings reflect that one of Mr. Hair's children is no longer a dependent.
F6 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.