Maydan Rothblum - Sep 29, 2023 Form 4 Insider Report for Glimpse Group, Inc. (VRAR)

Role
CFO and COO, Director
Signature
/s/ Maydan Rothblum
Stock symbol
VRAR
Transactions as of
Sep 29, 2023
Transactions value $
$0
Form type
4
Date filed
10/3/2023, 05:00 PM
Previous filing
May 31, 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 Option Disposed to Issuer -$625K -250K -100% $2.50 0 Sep 29, 2023 Common Stock 250K $2.50 Direct F1
transaction VRAR Stock Option Award $625K +250K $2.50 250K Sep 29, 2023 Common Stock 250K $2.50 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 29, 2023, Mr. Rothblum voluntarily cancelled a previously issued stock option dated June 20, 2017, which cancelled a fully-vested option to purchase 250,000 shares of common stock with an exercise price of $2.50 per share.
F2 The newly granted option to purchase 250,000 shares of common stock at an exercise price of $2.50 is subject to a 75 month vesting schedule of 3,333 shares per month for 74 months (with the first vest occurring on October 29, 2023), and 3,358 vesting on the final month.
F3 The direct beneficial ownership set forth above does not include 3,528 shares indirectly held by Mr. Rothblum (through Mr. Rothblum's mother, Naomi Rothblum) and does not include: (i) 486,450 shares of common stock held by Mr. Rothblum; (ii) 70,180 fully-vested options to purchase common stock held by Mr. Rothblum; and (iii) 770,000 options to purchase common stock into which Mr. Rothblum may vest upon achieving certain performance milestones.