Ashley Nicole Devoto - Mar 21, 2022 Form 4 Insider Report for CERBERUS CYBER SENTINEL CORP (CISO)

Role
Title: Chief Information Security Officer., Director
Signature
/s/ Debra L. Smith, Attorney-in-Fact
Stock symbol
CISO
Transactions as of
Mar 21, 2022
Transactions value $
$0
Form type
4
Date filed
3/30/2023, 04:10 PM

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 CISO Stock Option (Right to Buy) Award $0 +1M $0.00 1M Mar 21, 2022 Common Stock, par value $0.00001 1M $5.42 Direct F1
transaction CISO Stock Option (Right to Buy) Disposed to Issuer -1M -50% 1M Aug 22, 2022 Common Stock, par value $0.00001 1M $5.42 Direct F1, F2
transaction CISO Stock Option (Right to Buy) Award +1M 1M Aug 22, 2022 Common Stock, par value $0.00001 1M $3.02 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 21, 2022, the Reporting Person was granted stock options exercisable for 1,000,000 shares of common stock (the "Options"). The Options will vest with respect to 25% of the underlying shares on March 21, 2023, and thereafter at a rate of 1/36 per month.
F2 The transactions reported herein reflect a repricing of the Options effective on August 22, 2022, resulting in the cancellation of the Options and the grant of replacement options. The exercise price of the Options was reduced from $5.42 to $3.02 per share. All of the other terms of the Options remain the same, including without limitation, the number of shares underlying the Options, the vesting period of the Options, and the expiration date of the Options.

Remarks:

Title: Chief Information Security Officer.