Palvi Mehta - Nov 15, 2021 Form 3 Insider Report for Aeluma, Inc. (ALMU)

Role: Director
Signature: /s/ Palvi Mehta
Stock symbol: ALMU
Transactions as of: Nov 15, 2021
Transactions value $: $0
Form type: 3
Date filed: 4/7/2022, 04:00 PM
Next filing: Mar 11, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ALMU	Common Stock						0	Nov 15, 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	ALMU	Common Stock Options							Nov 15, 2021	Common Stock	12.5K	$2.00	Direct	F1
holding	ALMU	Common Stock Options							Nov 15, 2021	Common Stock	12.5K	$2.00	Direct	F1
holding	ALMU	Common Stock Options							Nov 15, 2021	Common Stock	3.88K	$2.00	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Pursuant to Ms. Mehta's Director Agreement dated December 1, 2021, she received an option to purchase an aggregate 125,000 shares of the Issuer's common stock that vest in equal quarterly increments, with 50,000 earned for 1 year of service, an additional 37,500 earned for a second year of service, if re-elected, and the final 37,500 earned for a third year of service, if re-elected.
F2	Ms. Mehta is entitled to additional options for her service on our corporate governance committees: 5,000 as member of the Audit Committee, 7,500 as Chair of the compensation committee and 3,000 as member of the nomination/governance committee. All of those options are payable in quarterly increments with immediate vesting.