Massimo Calafiore - 08 Jan 2024 Form 4 Insider Report for Orthofix Medical Inc. (OFIX)

Role: President & CEO
Signature: /s/ Kimberley Elting, attorney-in-fact
Issuer symbol: OFIX
Transactions as of: 08 Jan 2024
Net transactions value: +$1,875,006
Form type: 4
Filing time: 10 Jan 2024, 17:03:13 UTC
Previous filing: 03 Mar 2022
Next filing: 14 Jan 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OFIX	Common Stock	Award	$1,875,006	+141,084		$13.29	141,084	08 Jan 2024	Direct	F1

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	OFIX	Employee Stock Option (right to buy)	Award	$0	-392,005	-50%	$0.000000	392,005	08 Jan 2024	Common Stock	392,005	$13.29	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock units vest with respect to one-third (1/3rd) of the shares of stock covered hereby on each of the first, second and third anniversaries of the Grant Date.
F2	The options vest and become exercisable with respect to one-third (1/3rd) of the shares covered thereby on the first anniversary of the Grant Date and one-twelfth (1/12th) of the shares covered thereby on each of the 15-month, 18-month, 21-month, 24-month, 27-month, 30-month, 33-month and 36-month anniversaries of the Grant Date, subject in each case to an additional vesting requirement related to the performance of the Company's common stock.

Content

The restricted stock units vest with respect to one-third (1/3rd) of the shares of stock covered hereby on each of the first, second and third anniversaries of the Grant Date.

The options vest and become exercisable with respect to one-third (1/3rd) of the shares covered thereby on the first anniversary of the Grant Date and one-twelfth (1/12th) of the shares covered thereby on each of the 15-month, 18-month, 21-month, 24-month, 27-month, 30-month, 33-month and 36-month anniversaries of the Grant Date, subject in each case to an additional vesting requirement related to the performance of the Company's common stock.