Brian Knaley - 18 Jul 2023 Form 4 Insider Report for Nuburu, Inc. (BURU)

Role
Chief Financial Officer
Signature
/s/ Brian Knaley
Issuer symbol
BURU
Transactions as of
18 Jul 2023
Transactions value $
$0
Form type
4
Filing time
20 Jul 2023, 13:33:48
Previous filing
02 Feb 2023
Next filing
03 Nov 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 BURU Stock Option (right to buy) Award $0 +420K $0.00 420K 18 Jul 2023 Common Stock 420K $0.57 Direct F1
transaction BURU Stock Option (right to buy) Award $0 +345K $0.00 345K 18 Jul 2023 Common Stock 345K $0.57 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 25% of the shares subject to the option shall vest and become exercisable on the first anniversary of July 18, 2023 (the "Vesting Commencement Date"), and thereafter, the remainder of the reported securities vest in equal monthly increments over the following 36 months, such that 100% of the reported securities will be vested as of the fourth anniversary of the Vesting Commencement Date, subject to the Reporting Person remaining a service provider through each such vesting date.
F2 The shares subject to the option shall vest in 36 equal monthly increments and become exercisable monthly from July 18, 2023 (the "Vesting Commencement Date"), and thereafter, such that 100% of the reported securities will be vested as of the third anniversary of the Vesting Commencement Date, subject to the Reporting Person remaining a service provider through each such vesting date.