Michael A. Gaul - Jul 1, 2022 Form 3 Insider Report for Beyond Air, Inc. (XAIR)

Role: Chief Operating Officer
Signature: /s/ Michael A. Gaul
Stock symbol: XAIR
Transactions as of: Jul 1, 2022
Transactions value $: $0
Form type: 3
Date filed: 7/11/2022, 08:45 PM
Next filing: Aug 22, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	XAIR	Common Stock						62.2K	Jul 1, 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
holding	XAIR	Stock Option (right to buy)							Jul 1, 2022	Common Stock	40K	$5.32	Direct	F2
holding	XAIR	Stock Option (right to buy)							Jul 1, 2022	Common Stock	10K	$5.32	Direct	F3
holding	XAIR	Stock Option (right to buy)							Jul 1, 2022	Common Stock	25K	$5.45	Direct	F4
holding	XAIR	Stock Option (right to buy)							Jul 1, 2022	Common Stock	70K	$6.87	Direct	F5

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

Explanation of Responses:

Id	Content
F1	Includes: (i) restricted stock units ("RSUs") granted on October 5, 2021 to acquire 12,500 shares of common stock of Beyond Air, Inc. (the "Issuer"), of which 2,500 shares vested on December 23, 2021, with the remainder vesting in equal annual installments on December 23 of each of the four ensuing years thereafter until vested in full, and (ii) RSUs granted on March 2, 2022 to acquire 30,000 shares of common stock of the Issuer that 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 15 of each of the four ensuing years thereafter until vested in full, in each case subject to the reporting person's continued service with the Issuer. Each RSU represents the right to receive one share of common stock of the Issuer.
F2	The option vested as to 25% of the shares of common stock underlying the option on each of December 31, 2020 and December 31, 2021, with the remainder vesting in equal annual installments on December 31 of each of the two ensuing years thereafter until vested in full.
F3	The option vested as to 25% of the shares of common stock underlying the option on each of May 4, 2021 and May 4, 2022, with the remainder vesting in equal annual installments on May 4 of each of the two ensuing years thereafter until vested in full.
F4	The option vested as to 25% of the shares of common stock underlying the option on December 31, 2021, with the remainder vesting in equal annual installments on December 31 of each of the three ensuing years thereafter until vested in full.
F5	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.