Nicole Zheng - Feb 17, 2022 Form 4 Insider Report for MINIM, INC. (MINM)

Role: President & CMO
Signature: /s/ Nicole Zheng
Stock symbol: MINM
Transactions as of: Feb 17, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/22/2022, 03:07 PM
Previous filing: Feb 22, 2022
Next filing: Aug 30, 2022

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	MINM	Restricted Stock Unit	Award	$0	+23.9K	+12.87%	$0.00	209K	Feb 17, 2022	Common Stock	23.9K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of Minim common stock. The Restricted Stock Unit were issued pursuant to the Company's Omnibus Incentive Compensation Plan and has a vesting schedule as follows: One-fourth (1/4) of the Units will be deemed to become "Vested Units" on the first anniversary of date of the transaction date and one-sixteenth (1/16) of the Units will become Vested Units on each quarterly anniversary of the transaction date thereafter.
F2	Not applicable.

Content

Each restricted stock unit represents a contingent right to receive one share of Minim common stock. The Restricted Stock Unit were issued pursuant to the Company's Omnibus Incentive Compensation Plan and has a vesting schedule as follows: One-fourth (1/4) of the Units will be deemed to become "Vested Units" on the first anniversary of date of the transaction date and one-sixteenth (1/16) of the Units will become Vested Units on each quarterly anniversary of the transaction date thereafter.

Not applicable.