Jason Hoitt - Jan 10, 2023 Form 4 Insider Report for Provention Bio, Inc. (PRVB)

Role
Chief Commercial Officer
Signature
/s/ Thierry Chauche, as attorney-in-fact
Stock symbol
PRVB
Transactions as of
Jan 10, 2023
Transactions value $
$0
Form type
4
Date filed
1/11/2023, 08:10 PM
Previous filing
Dec 9, 2022
Next filing
Feb 14, 2023

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 +200K $0.00 200K Jan 10, 2023 Common Stock, par value $0.0001 200K $8.93 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options will vest and become exercisable as to 25% on the one-year anniversary of the grant date (January 10, 2024) and the remaining 75% will vest and become exercisable monthly over 36 months such that the options are fully vested and exercisable on the four-year anniversary of the grant date (January 10, 2027).
F2 The securities were granted pursuant to the Issuer's Amended and Restated 2017 Equity Incentive Plan.