Maria Carolina Petrini - Apr 10, 2023 Form 4 Insider Report for Aravive, Inc. (ARAV)

Role
Chief Commercial Officer
Signature
/s/ Maria Carolina Petrini
Stock symbol
ARAV
Transactions as of
Apr 10, 2023
Transactions value $
$0
Form type
4
Date filed
4/11/2023, 04:07 PM

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 ARAV Nonqualified Stock Option (Right to Buy) Award $0 +400K $0.00 400K Apr 10, 2023 Common Stock 400K $1.86 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option has been granted pursuant to an inducement award agreement outside of the Issuer's 2019 Equity Incentive Plan as a material inducement to the Reporting Person's acceptance of employment with the Issuer in accordance with Nasdaq Listing Rule 5635(c)(4).
F2 The vesting schedule for this nonqualified stock option is as follows: 25% of the shares subject to the option will vest on the one-year anniversary of the date of the grant, and the remaining 75% of the shares subject to the option will vest in equal monthly installments over the next 36 months subject to the Reporting Person's continued employment with the Issuer on each vesting date.