James Sullivan - 17 Jun 2024 Form 4 Insider Report for Peraso Inc. (PRSO)

Signature
/s/ James Sullivan by power of attorney
Issuer symbol
PRSO
Transactions as of
17 Jun 2024
Net transactions value
-$258
Form type
4
Filing time
20 Jun 2024, 20:00:10 UTC
Previous filing
19 Dec 2023
Next filing
19 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRSO Common Stock Tax liability $258 -171 -7.7% $1.51 2,042 17 Jun 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes restricted stock units ("RSUs") granted to the reporting person on April 15, 2022, reflecting the impact of a 1-for-40 reverse stock split of the Issuer's common stock effected on January 2, 2024, that vest as to one-sixth of the shares of common stock subject to the RSUs on each semi-annual anniversary of December 17, 2021. Each RSU represents a contingent right to receive one share of the Issuer's common stock once vested.
F2 Represents the number of shares of the Issuer'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 June 17, 2024 based on the closing price of the Issuer's common stock as reported on the Nasdaq Capital Market on June 17, 2024 of $1.51.