David John Smith - Apr 1, 2023 Form 4 Insider Report for Glimpse Group, Inc. (VRAR)

Signature
/s/ David John Smith
Stock symbol
VRAR
Transactions as of
Apr 1, 2023
Transactions value $
$0
Form type
4
Date filed
5/31/2023, 11:00 AM
Previous filing
Feb 17, 2023
Next filing
Mar 5, 2024

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 VRAR Stock Options (right to buy) Award $0 +4.5K $0.00 4.5K Apr 1, 2023 Common Stock 4.5K $7.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 1, 2023, the Company, under its 2016 Incentive Plan, agreed to issue Mr. Smith options (the "Options") to purchase 4,500 shares of Common Stock in lieu of cash salary, which are fully vested upon issuance.
F2 The beneficial ownership set forth above does not include the 59,849 options to purchase common stock already held by Mr. Smith. Furthermore, the ownership reflected herein does not include 250 shares directly held by Mr. Smith or 1,002,298 shares indirectly held by Mr. Smith (through VRTech Consulting LLC - an entity owned and managed by Mr. Smith). In addition, on February 15, 2023, the Company, under its 2016 Incentive Plan, issued to Mr. Smith options to purchase 220,000 shares of Common Stock, subject to the terms and conditions of Mr. Smith's Options Agreement, which includes certain Company performance provisions.