Scott A. Graeff - Mar 15, 2023 Form 4 Insider Report for LUNA INNOVATIONS INC (LUNA)

Role: Chief Executive Officer, Director
Signature: /s/ Scott A. Graeff
Stock symbol: LUNA
Transactions as of: Mar 15, 2023
Transactions value $: -$28,750
Form type: 4
Date filed: 3/17/2023, 05:22 PM
Previous filing: Jan 27, 2023
Next filing: Dec 27, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LUNA	Common Stock	Award	$0	+18.2K	+3.11%	$0.00	602K	Mar 15, 2023	Direct	F1
transaction	LUNA	Common Stock	Tax liability	-$28.7K	-4.42K	-0.74%	$6.50	597K	Mar 15, 2023	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents the satisfaction of the performance-based vesting condition with respect to a long-term, performance-based restricted stock unit award granted to the reporting person on January 8, 2020, based on the Issuer's 2022 financial results. The number of shares reported reflects the extent of such achievement. In light of the performance-based vesting conditions of the award, such award was not reportable under Section 16 until vesting was determined, which occurred on March 15, 2023.
F2	These shares were repurchased by the Issuer pursuant to the election of the holder to satisfy the reporting person's tax withholding obligations in connection with the vesting and settlement of the restricted stock unit award reported in footnote (1) herein.

Content

Represents the satisfaction of the performance-based vesting condition with respect to a long-term, performance-based restricted stock unit award granted to the reporting person on January 8, 2020, based on the Issuer's 2022 financial results. The number of shares reported reflects the extent of such achievement. In light of the performance-based vesting conditions of the award, such award was not reportable under Section 16 until vesting was determined, which occurred on March 15, 2023.

These shares were repurchased by the Issuer pursuant to the election of the holder to satisfy the reporting person's tax withholding obligations in connection with the vesting and settlement of the restricted stock unit award reported in footnote (1) herein.