Barry Phelps - 02 Oct 2023 Form 4 Insider Report for LUNA INNOVATIONS INC

Role: Director
Signature: /s/ Scott A. Graeff, Attorney-In-Fact
Issuer symbol: N/A
Transactions as of: 02 Oct 2023
Net transactions value: $0
Form type: 4
Filing time: 03 Oct 2023, 16:52:41 UTC
Previous filing: 05 Jul 2023
Next filing: 03 Jan 2024
SEC: View on sec.gov

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
transaction	LUNA	Stock Units	Award	$0	+1,786	+1.7%	$0.000000	106,323	02 Oct 2023	Common Stock	1,786		Direct	F1, F2, F3
transaction	LUNA	Stock Units	Award	$0	+638	+0.6%	$0.000000	106,961	02 Oct 2023	Common Stock	638		Direct	F1, F3, F4
transaction	LUNA	Stock Units	Award	$0	+213	+0.2%	$0.000000	107,173	02 Oct 2023	Common Stock	213		Direct	F1, F3, F5
transaction	LUNA	Stock Units	Award	$0	+213	+0.2%	$0.000000	107,386	02 Oct 2023	Common Stock	213		Direct	F1, F3, F6

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

Explanation of Responses:

Id	Content
F1	Stock Units are convertible into issuer's common stock on a 1-for-1 basis.
F2	This grant was made pursuant to the issuer's non-employee director compensation policy, as compensation for Mr. Phelps's service as a member of the board of directors for the period from October 1, 2023 to December 31, 2023. The number of restricted stock units is equal to $10,500.00 divided by $5.88, the closing price of the issuer's common stock on the Nasdaq Capital Market on October 2, 2023, the first trading day of the quarter. The Reporting Person elected to receive fees in stock units.
F3	The stock units become issuable in common stock of the issuer at the election of the Reporting Person upon the earliest to occur of the Reporting Person's termination of service, a change in control of the issuer, an unforeseeable emergency, or a fixed selected by the Reporting Person. The units have no expiration date.
F4	This grant was made pursuant to issuer's non-employee director compensation policy, as compensation for Mr. Phelps's service as the chairman of the audit committee of the board of directors for the period from October 1, 2023 to December 31, 2023. The number of restricted stock units is equal to $3,750.00 divided by $5.88, the closing price of issuer's common stock on the Nasdaq Capital Market on October 2, 2023, the first trading day of the quarter. The Reporting Person elected to receive fees in stock units.
F5	This grant was made pursuant to issuer's non-employee director compensation policy, as compensation for Mr. Phelps's service on the compensation committee of the board of directors for the period from October 1, 2023 to December 31, 2023. The number of restricted stock units is equal to $1,250.00 divided by $5.88, the closing price of issuer's common stock on the Nasdaq Capital Market on October 2, 2023, the first trading day of the quarter. The Reporting Person elected to receive fees in stock units.
F6	This grant was made pursuant to issuer's non-employee director compensation policy, as compensation for Mr. Phelps's service on the risk committee of the board of directors for the period from October 1, 2023 to December 31, 2023. The number of restricted stock units is equal to $1,250.00 divided by $5.88, the closing price of issuer's common stock on the Nasdaq Capital Market on October 2, 2023, the first trading day of the quarter. The Reporting Person elected to receive fees in stock units.