Chris Nolet - 12 Jan 2023 Form 4 Insider Report for POLARITYTE, INC.

Role
Director
Signature
/s/ Chris Nolet
Issuer symbol
N/A
Transactions as of
12 Jan 2023
Net transactions value
$0
Form type
4
Filing time
17 Jan 2023, 15:30:29 UTC
Previous filing
13 Oct 2022
Next filing
05 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTE Common Stock Options Exercise $0 -36,497 -72% $0.000000 14,403 12 Jan 2023 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 PTE Stock option (right to buy) Options Exercise $0 -3,078 -33% $0.000000 6,157 12 Jan 2023 Common Stock 9,235 $22.50 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Chris Nolet is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the issuer's non-executive director compensation plan the reporting person was issued 50,900 Restricted Stock Units vesting in equal installments quarterly in arrears, which were previously reported on Form 4 under Table I. As of the date of the reporting person's end of service as a director on January 12, 2023, 36,497 restricted stock units that had not vested as of that date were forfeited.
F2 The stock option was granted 04/06/2020, and reported under Table II of Form 4. The number of derivative securities and price have been adjusted to give effect to a 25-to-1 reverse stock split in May 2022. As of the date of the reporting person's end of service as a director on January 12, 2023, 3,078 stock options that had not vested as of that date were forfeited. The remaining 6,157 stock options were fully vested as of 04/06/2022, and are presently exercisable.