Louis Silver - 14 Jun 2023 Form 4 Insider Report for CEVA INC (CEVA)

Role
Director
Signature
/s/ Louis Silver
Issuer symbol
CEVA
Transactions as of
14 Jun 2023
Net transactions value
-$676,000
Form type
4
Filing time
16 Jun 2023, 16:01:30 UTC
Previous filing
05 Jul 2022
Next filing
05 Jul 2023
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 $503,360 +26,000 +73% $19.36 61,697 14 Jun 2023 Direct
transaction CEVA Common Stock Tax liability $498,758 -19,183 -31% $26.00 42,514 14 Jun 2023 Direct F1
transaction CEVA Common Stock Sale $177,242 -6,817 -16% $26.00 35,697 14 Jun 2023 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 $503,360 -26,000 -100% $19.36 0 14 Jun 2023 Common Stock 26,000 $19.36 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 6,817 shares of common stock on the net exercise of an option to purchase 26,000 shares of common stock. The reporting person forfeited 19,183 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 14, 2023 of $26.00.
F2 Represents 30,567 shares outstanding and 5,130 unvested RSU's.
F3 The stock option became exercisable as to 25% of the underlying shares on 06/30/2014, the first year anniversary of the grant date, and 25% each year thereafter.