Mark Lunsford - Apr 15, 2024 Form 4 Insider Report for Peraso Inc. (PRSO)

Role: Chief Revenue Officer
Signature: /s/ James Sullivan by power of attorney
Stock symbol: PRSO
Transactions as of: Apr 15, 2024
Transactions value $: -$250
Form type: 4
Date filed: 4/17/2024, 05:07 PM
Previous filing: Oct 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PRSO	Common Stock	Tax liability	-$250	-197	-7.74%	$1.27	2.35K	Apr 15, 2024	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	On October 24, 2022, the reporting person was granted 2,875 restricted stock units ("RSUs"), which reflects the impact of a 1-for-40 reverse stock split of the Company's common stock effected on January 2, 2024. Each RSU represents a contingent right to receive one share of the Company's common stock once vested. The RSUs vested as to one-third of the shares on October 13, 2023 and the remaining two-thirds of the shares underlying the RSUs vest in semi-annual increments over 24 months on each semi-annual anniversary of October 15, 2023.
F2	Represents the number of shares of the Company's common stock withheld to satisfy the reporting person's tax obligation in connection with the settlement of shares of common stock underlying the portion of the RSUs that vested on April 15, 2024.

Content

On October 24, 2022, the reporting person was granted 2,875 restricted stock units ("RSUs"), which reflects the impact of a 1-for-40 reverse stock split of the Company's common stock effected on January 2, 2024. Each RSU represents a contingent right to receive one share of the Company's common stock once vested. The RSUs vested as to one-third of the shares on October 13, 2023 and the remaining two-thirds of the shares underlying the RSUs vest in semi-annual increments over 24 months on each semi-annual anniversary of October 15, 2023.

Represents the number of shares of the Company's common stock withheld to satisfy the reporting person's tax obligation in connection with the settlement of shares of common stock underlying the portion of the RSUs that vested on April 15, 2024.