(AWRE)

Role: Principal Financial Officer
Signature: /s/ David K. Travrerse
Stock symbol: AWRE
Transactions as of: Feb 20, 2024
Transactions value $: $0
Form type: 4
Date filed: 2/22/2024, 05:45 PM
Previous filing: Oct 30, 2023
Next filing: Mar 15, 2024

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	AWRE	Stock Option (Right to Buy)	Disposed to Issuer		-100K	-100%		0	Feb 20, 2024	Common Stock	100K	$4.73	Direct	F1, F2
transaction	AWRE	Stock Option (Right to Buy)	Award		+44K			44K	Feb 20, 2024	Common Stock	44K	$2.21	Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Fifty percent of the option vested on February 24, 2023, with the remainder vesting in 24 equal monthly installments starting on March 24, 2023.
F2	See Remarks
F3	Fifty percent of the option will vest on February 20, 2025, with the remainder vesting in 12 equal monthly installments starting on March 20, 2025.

Remarks:

On February 20, 2024, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person to purchase 100,000 shares of Aware, Inc. common stock ("Shares") at an exercise price of $4.73 per Share. In exchange, the reporting person received a replacement option to purchase 44,000 Shares, having an exercise price of $2.21 per Share.