Michael K. Korenko - 07 Jun 2021 Form 4 Insider Report for VIVOS INC (RDGL)

Role
CEO AND PRESIDENT
Signature
/s/ Michael K. Korenko
Issuer symbol
RDGL
Transactions as of
07 Jun 2021
Net transactions value
-$60,000
Form type
4
Filing time
08 Jun 2021, 19:58:54 UTC
Previous filing
11 May 2021
Next filing
10 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RDGL Common Stock Options Exercise $60,000 +2,500,000 +31% $0.0240 10,594,259 07 Jun 2021 Direct
transaction RDGL Common Stock Tax liability $60,000 -500,000 -4.7% $0.1200 10,094,259 07 Jun 2021 Direct

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 RDGL Stock Options Disposed to Issuer -16,000,000 -86% 2,500,000 07 Jun 2021 Common Stock 16,000,000 $0.0240 Direct F1, F2
transaction RDGL Stock Options Options Exercise $60,000 -2,500,000 -100% $0.0240 0 07 Jun 2021 Common Stock 2,500,000 $0.0240 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock options vested as follows: 25% on September 30, 2019; 50% based on performance metrics being met and certified by the Board of Directors effective September 30, 2019; and the remaining 25% on December 31, 2019.
F2 The reporting person irrevocably surrendered the options to the Issuer for no consideration.