Matthew Ferguson - Mar 8, 2022 Form 4 Insider Report for AZIYO BIOLOGICS, INC. (AZYO)

Signature
/s/ Jeffrey Hamet, Attorney-in-Fact for Matthew Ferguson
Stock symbol
AZYO
Transactions as of
Mar 8, 2022
Transactions value $
$0
Form type
4
Date filed
3/10/2022, 07:35 PM
Previous filing
May 12, 2021
Next filing
Sep 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AZYO Class A Common Stock Options Exercise $0 +1.29K +18.8% $0.00 8.14K Mar 8, 2022 Direct F1, F2

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 AZYO Stock Option (Right to Buy) Award $0 +31K $0.00 31K Mar 8, 2022 Class A Common Stock 31K $5.08 Direct F3
transaction AZYO Restricted Stock Units Award $0 +8.7K $0.00 8.7K Mar 8, 2022 Class A Common Stock 8.7K Direct F4, F5
transaction AZYO Restricted Stock Units Options Exercise $0 -1.29K -25.01% $0.00 3.86K Mar 8, 2022 Class A Common Stock 1.29K Direct F1, F6
transaction AZYO Restricted Stock Units Award $0 +13.9K $0.00 13.9K Mar 8, 2022 Class A Common Stock 13.9K Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into shares of Class A Common Stock on a one-for-one basis.
F2 Includes 4,552 shares of Class A Common Stock acquired under the Company's 2020 Employee Stock Purchase Plan.
F3 The option vests as to 25% of the shares on March 8, 2023 and in 12 equal quarterly installments thereafter, such that the option shall be fully vested and exercisable on March 8, 2026.
F4 Each restricted stock unit represents a contingent right to receive one share of Issuer Class A Common Stock.
F5 The restricted stock units vest if the Issuer's Class A Common Stock achieves a price per share equal to or greater than $10.00 for any period of thirty (30) consecutive trading days prior to March 8, 2024.
F6 On March 8, 2021, the Reporting Person was granted 5,150 restricted stock units, vesting in four substantially equal annual installments beginning on March 8, 2022.
F7 The restricted stock units vest on September 8, 2022, subject to the Reporting Person's continuous employment with the Issuer through such vesting date.