Snehal Patel - Jun 22, 2022 Form 4 Insider Report for Greenwich LifeSciences, Inc. (GLSI)

Role
CEO and CFO, Director, 10%+ Owner
Signature
/s/ Snehal Patel
Stock symbol
GLSI
Transactions as of
Jun 22, 2022
Transactions value $
$0
Form type
4
Date filed
6/24/2022, 08:16 AM
Previous filing
Jun 17, 2022
Next filing
Jun 27, 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 GLSI Stock Options Award $0 +1.05M $0.00 1.05M Jun 22, 2022 Common Stock 1.05M $7.63 Direct F1
transaction GLSI Stock Options Award $0 +25K +2.38% $0.00 1.07M Jun 22, 2022 Common Stock 25K $7.63 By Wife F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options vest over time and pursuant to milestones. 21,848 of the options vest each month for 48 months contingent on the Company meeting certain performance milestones. The Reporting Person is eligible to exercise (i) 20% of the vested options after $10 million is raised by the Company (ii) 20% after the first site is activated for the Phase 3 clinical trial, (iii) 40% after completion of interim analysis of the Phase 3 clinical trial and (iv) 20% upon filing of Biologic License Application with the US Food and Drug Administration.
F2 521 options vest each month for 48 months.