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

Role: Chief Acquisition Officer
Signature: /s/ Nicholas P. Alvarez
Issuer symbol: LFMD
Transactions as of: 12 Jul 2023
Net transactions value: $0
Form type: 4
Filing time: 13 Jul 2023, 15:11:40 UTC
Previous filing: 15 Jun 2023
Next filing: 25 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LFMD	Common Stock	Award		+150,000	+83%		330,000	12 Jul 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		-200,000	-100%		0	12 Jul 2023	Common Stock	200,000	$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.