Stanley Lau - Jan 23, 2024 Form 4 Insider Report for Cardio Diagnostics Holdings, Inc. (CDIO)

Role
Director
Signature
/s/ Elisa Luqman as attorney-in-fact for Stanley Lau
Stock symbol
CDIO
Transactions as of
Jan 23, 2024
Transactions value $
$50,000
Form type
4
Date filed
2/21/2024, 06:12 PM
Previous filing
Jan 2, 2024
Next filing
Feb 5, 2024

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 Award $50K $50K Jan 23, 2024 Common Stock $50K $0.00 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit (RSU) represents the contingent right to receive one share of common stock upon vesting of the RSU.
F2 Subject to continued service with the Issuer on each respective vesting date, the RSUs will vest as follows based on the closing price of the Issuers common stock on each respective vesting date: (i) $12,500 in value on March 31, 2024; (ii) $12,500 in value on June 30, 2024; (iii) $12,500 in value on September 30, 2024; and (iv) $12,500 in value on December 31, 2024.
F3 The RSUs were granted pursuant to the Issuers 2022 Equity Incentive Plan.