Matthew T. David - Dec 6, 2021 Form 4 Insider Report for CorMedix Inc. (CRMD)

Role
Interim CEO and CFO
Signature
/s/ Matthew T. David
Stock symbol
CRMD
Transactions as of
Dec 6, 2021
Transactions value $
$4,500
Form type
4
Date filed
12/7/2021, 05:44 PM
Previous filing
Nov 19, 2021
Next filing
Feb 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRMD Common Stock Purchase $4.5K +1K +46.51% $4.50 3.15K Dec 6, 2021 Direct

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
holding CRMD Stock Option (Right to Buy Common Stock) 125K Dec 6, 2021 Common Stock 125K $5.56 Direct F3
holding CRMD Stock Option (Right to Buy Common Stock) 80K Dec 6, 2021 Common Stock 80K $8.32 Direct F2
holding CRMD Stock Option (Right to Buy Common Stock) 125K Dec 6, 2021 Common Stock 125K $5.63 Direct F1
holding CRMD Stock Option (Right to Buy Common Stock) 125K Dec 6, 2021 Common Stock 125K $4.08 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These options were granted on 05/11/2020. 83,000 of these options vest annually over four years in four equal installments beginning 05/11/2021, subject to continued employment, and 42,000 of these options vest based on achievement of certain performance milestones, subject to continued employment through the applicable vesting date.
F2 These options were granted on 1/11/2021. These options vest, subject to continued employment, as follows: 50% of the options vest over time, with 25% vested on the grant date and 25% vesting in equal thirds on the first, second and third anniversaries of the grant date; and 50% of the options vest upon the achievement of certain milestones.
F3 These options were granted on 11/1/2021. These options vest 1/4 on the date of grant, and, subject to continued employment, 1/4 on the first anniversary of the date of grant, 1/4 on the second anniversary of the date of grant and 1/4 on the third anniversary of the date of grant.