Miyoko Christina Yi - Nov 22, 2022 Form 4 Insider Report for Provention Bio, Inc. (PRVB)

Signature
/s/ Thierry Chauche, as attorney-in-fact
Stock symbol
PRVB
Transactions as of
Nov 22, 2022
Transactions value $
$0
Form type
4
Date filed
11/23/2022, 08:34 PM
Previous filing
Jan 20, 2022
Next filing
Dec 9, 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 PRVB Stock Option (right to buy) Award $0 +45K +30% $0.00 195K Nov 22, 2022 Common Stock, par value $0.0001 45K $5.88 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As previously reported on a Form 4 filed on December 20, 2021, on December 16, 2021 the Reporting Person was granted a stock option for 300,000 shares of Common Stock, 150,000 of which option shares vest in four equal annual installments commencing on December 16, 2022 and 150,000 of which option shares vest upon completion of certain performance milestones. This amount represents the vesting of 45,000 of the 150,000 performance option shares on November 22, 2022 upon the satisfaction of certain performance milestones.
F2 The stock options were granted pursuant to the Issuer's 2020 Inducement Plan.
F3 Represents the 150,000 time-based option shares referred to in footnote (1) plus the 45,000 vested performance option shares referred to in footnote (1).