Louis Silver - 14 Jun 2022 Form 4 Insider Report for CEVA INC (CEVA)

Role: Director
Signature: /s/ Louis Silver
Issuer symbol: CEVA
Transactions as of: 14 Jun 2022
Net transactions value: -$428,350
Form type: 4
Filing time: 15 Jun 2022, 16:05:18 UTC
Previous filing: 07 Jul 2021
Next filing: 05 Jul 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CEVA	Common Stock	Options Exercise	$228,930	+13,000	+41%	$17.61	44,904	14 Jun 2022	Direct
transaction	CEVA	Common Stock	Tax liability	$227,223	-6,896	-15%	$32.95	38,008	14 Jun 2022	Direct	F1
transaction	CEVA	Common Stock	Sale	$201,127	-6,104	-16%	$32.95	31,904	14 Jun 2022	Direct	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	CEVA	Stock Option (Right to Buy)	Options Exercise	$228,930	-13,000	-100%	$17.61	0	14 Jun 2022	Common Stock	26,000	$17.61	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a net exercise of outstanding stock options. The reporting person received 6,104 shares of common stock on the net exercise of an option to purchase 13,000 shares of common stock. The reporting person forfeited 6,896 shares of common stock underlying the option in payment of the exercise price, based on the market price of CEVA common stock at the time of the option exercise on June 14th 2022 of $32.95.
F2	Represents 27,543 shares outstanding and 4,361 unvested RSU's.
F3	The stock option became exercisable as to 25% of the underlying shares on 06/30/2013, the first year anniversary of the grant date and 25% each year thereafter.