Stanley K. Lau - 31 Dec 2023 Form 4 Insider Report for Cardio Diagnostics Holdings, Inc. (CDIO)

Role
Director
Signature
/s/ Elisa Luqman as attorney-in-fact for Stanley Lau
Issuer symbol
CDIO
Transactions as of
31 Dec 2023
Net transactions value
-$1.26
Form type
4
Filing time
02 Jan 2024, 17:40:27 UTC
Previous filing
03 Nov 2023
Next filing
21 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDIO Common Stock Options Exercise $3,999 +1,606 +1.9% $2.49 85,585 31 Dec 2023 Direct F1
transaction CDIO Common Stock Options Exercise $12,500 +5,020 +5.9% $2.49 90,605 31 Dec 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 CDIO Restricted Stock Units Options Exercise $4,000 $2,000 31 Dec 2023 Common Stock $4,000 $0.000000 Direct F3, F4, F6
transaction CDIO Restricted Stock Units Options Exercise $12,500 $0 31 Dec 2023 Common Stock $12,500 $0.000000 Direct F3, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the settlement of restricted stock units (RSUs), awarded for advisory services, which vested on December 31, 2023 through the issuance of shares of Common Stock.
F2 Represents the settlement of RSUs, awarded as director compensation, which vested on December 31, 2023 through the issuance of shares of Common Stock.
F3 Each RSU is the economic equivalent of one share of Cardio Diagnostics Holdings, Inc. common stock. On December 31, 2023, $14,500 in value of RSUs vested and were settled at the price of $2.49, which was the closing price of the Company Common Stock on the vesting date. The settlement shares are reflected in Table I.
F4 On July 1, 2023, the reporting person was awarded $24,000 in value of RSUs, $4,000 in value of which vested on December 31, 2023. Subject to continued service with the Issuer on the vesting date, $2,000 in value of RSUs will vest on January 31, 2024.
F5 On June 19, 2023, the reporting person was awarded $50,000 in value of RSUs of which $12,500 vested on December 31, 2023.
F6 The RSUs were granted pursuant to the Issuers 2022 Equity Incentive Plan.