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

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.