Nicholas Alvarez - Jul 12, 2023 Form 4 Insider Report for LifeMD, Inc. (LFMD)

Role
Chief Acquisition Officer
Signature
/s/ Nicholas P. Alvarez
Stock symbol
LFMD
Transactions as of
Jul 12, 2023
Transactions value $
$0
Form type
4
Date filed
7/13/2023, 03:11 PM
Previous filing
Jun 15, 2023
Next filing
Mar 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LFMD Common Stock Award +150K +83.33% 330K Jul 12, 2023 Direct F1

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 LFMD Employee Stock Option (Right to Buy) Disposed to Issuer -200K -100% 0 Jul 12, 2023 Common Stock 200K $7.92 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options are being cancelled in exchange for 150,000 restricted shares, with 25,000 vesting on July 12, 2023, 50,000 vesting on January 1, 2024 and 75,000 vesting on January 1, 2025, and performance shares to be reported on settlement. The options vested and became exercisable in equal monthly tranches, based on the passage of time, over the 36 months following December 8, 2020.