Steven Hess - 08 Apr 2022 Form 4 Insider Report for MedAvail Holdings, Inc.

Role
Executive Vice President
Signature
Ramona Seabaugh, attorney-in-fact for Steven Hess
Issuer symbol
N/A
Transactions as of
08 Apr 2022
Net transactions value
$0
Form type
4
Filing time
12 Apr 2022, 16:09:05 UTC
Previous filing
01 Mar 2022
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 MDVL Stock Option (Right to Buy) Award $0 +131,000 $0.000000 131,000 08 Apr 2022 Common Stock 131,000 $1.96 Direct F1
transaction MDVL Restricted Stock Units Award $0 +131,000 $0.000000 131,000 08 Apr 2022 Common Stock 131,000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 25% of the shares subject to such inducement stock option shall vest on the one year anniversary of the date that employment commenced, which was February 21, 2022, and an additional one forty-eighth (1/48th) of the shares subject to such inducement stock option shall vest monthly thereafter.
F2 Each restricted stock unit represents a contingent right to receive one share of MDVL common stock.
F3 The RSU inducement grant shall vest as follows: one-third (1/3rd) of the shares subject to each inducement RSU award shall vest on the first, second and third yearly anniversaries of March 1, 2022