Katherine Hoffman-Flynt - Apr 25, 2024 Form 4 Insider Report for Presto Automation Inc. (PRST)

Signature
/s/ Susan Shinoff, Attorney-in-Fact
Stock symbol
PRST
Transactions as of
Apr 25, 2024
Transactions value $
-$10,500
Form type
4
Date filed
5/29/2024, 05:14 PM
Previous filing
Dec 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRST Common Stock, $0.0001 par value ("Common Stock") Award $0 +300K +638.95% $0.00 347K Apr 25, 2024 Direct F1
transaction PRST Common Stock Sale -$10.5K -59.7K -17.2% $0.18 287K May 23, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Common Stock underlying restricted stock units ("RSUs") granted to the reporting person on April 25, 2024 (the "Grant Date") pursuant to the Issuer's 2022 Incentive Award Plan. The RSUs vested 50 percent on the Grant Date and the remaining 50 percent will vest in equal annual installments for a period of five years, subject to the reporting person's continued employment. Each RSU represents the right to receive one share of Common Stock upon vesting.
F2 The shares reported as disposed herein were granted as RSUs. The disposition of shares is associated with tax obligations of the reporting person associated with the vesting of RSUs.
F3 The price reported reflects the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $0.171 to $0.180, inclusive. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or any security holder of the issuer full information regarding the number of shares at each separate price within the range set forth in this footnote.