Steven A. Lisi - 03 Mar 2022 Form 4 Insider Report for Beyond Air, Inc. (XAIR)

Role: CEO and Chairman of the Board, Director
Signature: /s/ Steven A. Lisi
Issuer symbol: XAIR
Transactions as of: 03 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 07 Mar 2022, 07:33:23 UTC
Previous filing: 14 Jan 2022
Next filing: 05 Jul 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XAIR	Common Stock	Award	$0	+140,000	+11%	$0.000000	1,373,445	03 Mar 2022	Direct	F1

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	XAIR	Stock Option (right to buy)	Award	$0	+280,000		$0.000000	280,000	03 Mar 2022	Common Stock	280,000	$6.87	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents grant of time-vested restricted stock units ("RSUs") under the Beyond Air, Inc. Fourth Amended and Restated 2013 Equity Incentive Plan. The award will vest as to 20% of the shares of common stock underlying the RSUs on December 15, 2022, with the remainder vesting in equal annual installments on December 15th of each of the four ensuing years thereafter until vested in full.
F2	The option will vest as to 25% of the shares of common stock underlying the option on December 31, 2022, with the remainder vesting in equal annual installments on December 31 of each of the three ensuing years thereafter until vested in full.