Michael H. Carrel - 01 Mar 2023 Form 4 Insider Report for AtriCure, Inc. (ATRC)

Signature
/s/ Michael H. Carrel
Issuer symbol
ATRC
Transactions as of
01 Mar 2023
Net transactions value
-$1,764,691
Form type
4
Filing time
03 Mar 2023, 16:16:57 UTC
Previous filing
21 Nov 2022
Next filing
01 Jun 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRC Common Stock Award $0 +69,234 +13% $0.000000 598,130 01 Mar 2023 Direct F1
transaction ATRC Common Stock Award $0 +45,993 +7.7% $0.000000 644,123 01 Mar 2023 Direct F2
transaction ATRC Common Stock Tax liability $1,764,691 -45,470 -7.1% $38.81 598,653 01 Mar 2023 Direct F3
transaction ATRC Common Stock Gift $0 -800 -0.13% $0.000000 597,853 01 Mar 2023 Direct F4
transaction ATRC Common Stock Gift $0 -800 -0.13% $0.000000 597,053 01 Mar 2023 Direct F4
holding ATRC Common Stock 3,310 01 Mar 2023 Held by reporting person's children F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person acquired these shares pursuant to the vesting and release of a Performance Share Award under the AtriCure, Inc. 2014 Stock Incentive Plan. The award had both a Company performance goal and a service period requirement, which were both met.
F2 The Reporting Person acquired these shares pursuant to a Restricted Stock Award under the AtriCure, Inc. 2014 Stock Incentive Plan. One third of the shares will vest annually upon the respective one, two, and three year anniversaries of the date of grant.
F3 The Reporting Person has elected to transfer these shares to the Company to satisfy the tax withholding obligation incurred upon the vesting and release of shares previously acquired pursuant to a Restricted Stock Award or Performance Share Award.
F4 No consideration was received in connection with this gift to the reporting person's children.
F5 The reporting person disclaims beneficial ownership of these securities, except as to his pecuniary interest therein.