Steven Hess - Apr 8, 2022 Form 4 Insider Report for MedAvail Holdings, Inc. (MDVL)

Role
Executive Vice President
Signature
Ramona Seabaugh, attorney-in-fact for Steven Hess
Stock symbol
MDVL
Transactions as of
Apr 8, 2022
Transactions value $
$0
Form type
4
Date filed
4/12/2022, 04:09 PM
Previous filing
Mar 1, 2022

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 +131K $0.00 131K Apr 8, 2022 Common Stock 131K $1.96 Direct F1
transaction MDVL Restricted Stock Units Award $0 +131K $0.00 131K Apr 8, 2022 Common Stock 131K 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