Jerrold D. Dotson - Jun 30, 2021 Form 4 Insider Report for VistaGen Therapeutics, Inc. (VTGN)

Role
VP, CFO AND SECRETARY
Signature
/s/ Jerrold D. Dotson
Stock symbol
VTGN
Transactions as of
Jun 30, 2021
Transactions value $
$90,253
Form type
4
Date filed
7/2/2021, 04:10 PM
Next filing
Sep 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VTGN Common Stock Award $5.93K +3.04K +30.44% $1.95 13K Jun 30, 2021 Direct F1
transaction VTGN Common Stock Options Exercise $1.5K +1K +7.67% $1.50* 14K Jun 30, 2021 Direct
transaction VTGN Common Stock Options Exercise $78.9K +78.9K +561.93% $1.00* 93K Jun 30, 2021 Direct
transaction VTGN Common Stock Options Exercise $3.91K +9.82K +10.57% $0.40 103K Jun 30, 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 VTGN Stock Option (Right to Buy) Options Exercise $0 -1K -100% $0.00* 0 Jun 30, 2021 Common Stock 1K $1.50 Direct
transaction VTGN Stock Option (Right to Buy) Disposed to Issuer $0 -36.7K -24.47% $0.00 113K Jun 30, 2021 Common Stock 150K $1.00 Direct F2, F3
transaction VTGN Stock Option (Right to Buy) Options Exercise $0 -78.9K -69.66% $0.00 34.4K Jun 30, 2021 Common Stock 113K $1.00 Direct F3
transaction VTGN Stock Option (Right to Buy) Options Exercise $0 -9.82K -6.55% $0.00 140K Jun 30, 2021 Common Stock 150K $0.40 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares purchased under the Vistagen Therapeutics, Inc. 2019 Employee Stock Purchase Plan on June 30, 2021 in a transaction exempt under Rule 16b-3(c).
F2 Represents stock options that were cancelled and returned to the Issuer in order to pay the exercise price associated with the exercise reported herein.
F3 25% of the shares subject to this stock option vested May 23, 2019, with the the remaining shares vesting in 1/36th installments on each monthly anniversary thereafter.
F4 Twenty-five percent (25%) of the total number of shares began vesting immediately on April 23, 2020, with the remaining shares vesting in 1/24th monthly installments thereafter.