Mark Edward Doerr - Jan 10, 2022 Form 4 Insider Report for MedAvail Holdings, Inc. (MDVL)

Role
Chief Executive Officer, Director
Signature
Ramona Seabaugh, attorney-in-fact for Mark Doerr
Stock symbol
MDVL
Transactions as of
Jan 10, 2022
Transactions value $
$0
Form type
4
Date filed
1/12/2022, 06:02 PM
Next filing
Mar 3, 2023

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 MDVL Stock Option (Right to Buy) Award $0 +1.17M $0.00 1.17M Jan 10, 2022 Common Stock 1.17M $1.24 Direct F1
transaction MDVL Restricted Stock Units Award $0 +847K $0.00 847K Jan 10, 2022 Common Stock 847K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 12/48th of the shares subject to the option shall be scheduled to vest beginning on January 10, 2023 (the "Vesting Commencement Date") and an additional 1/48th of the shares subject to the option shall vest each month thereafter on the same day of the month as the Vesting Commencement Date (or the last day of the month, if there is no corresponding day in a given month), in each case subject to the executive remaining a Service Provider (as defined in the Plan) through the applicable vesting date; provided that the shares subject to the option shall be subject to acceleration as set forth in the Change of Control and Severance Agreement entered into between the Company and executive.
F2 Each restricted stock unit represents a contingent right to receive one share of MDVL common stock.
F3 1/3rd of the shares subject to the Restricted Stock Unit ("RSU") shall be scheduled to vest on each of the one (1), two (2), and three (3) year anniversaries of March 1, 2022 (the "Vesting Commencement Date") such that the RSU shall be scheduled to become fully vested on the three (3) year anniversary of the Vesting Commencement Date, in each case subject to the executive remaining a Service Provider (as defined in the Plan) through the applicable vesting date; provided that the shares subject to the RSU shall be subject to acceleration as set forth in the Change of Control and Severance Agreement entered into between the Company and executive.