Jeffrey Ralph Meisner - 01 Jun 2023 Form 4 Insider Report for Glimpse Group, Inc. (VRAR)

Role: Chief Revenue Officer, Director
Signature: /s/ Jeffrey Ralph Meisner
Issuer symbol: VRAR
Transactions as of: 01 Jun 2023
Net transactions value: $0
Form type: 4
Filing time: 06 Jun 2023, 08:45:31 UTC
Previous filing: 30 May 2023
SEC: View on sec.gov

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	+120,000		$0.000000	120,000	01 Jun 2023	Common Stock	120,000	$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 June 1, 2023, the Company, under its 2016 Incentive Plan, issued to Mr. Meisner options (the "Options") to purchase 120,000 shares of Common Stock, subject to the terms and conditions of Mr. Meisner's Options Agreement, which include certain provisions set for in the Remarks section below.
F2	The beneficial ownership set forth above does not include (i) 232,902 shares directly held by Mr. Meisner.

Remarks:

(i) an exercise price equal to $7.00 per share of Common Stock; (ii) expiration of the Options on the tenth (10) anniversary of the grant date; and (iii) subject to Mr. Meisner's continued service as Chief Revenue Officer of the Company, the Options shall vest in time-based increments and upon the Company reaching certain revenue targets as set forth in Mr. Meisner's option agreement.