Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PALI | Restricted Stock Units | Award | $0 | +28K | $0.00 | 28K | Nov 21, 2023 | Common Stock | 28K | Direct | F1, F2, F3, F4 | ||
transaction | PALI | Common Stock Options | Award | $0 | +33.2K | $0.00 | 33.2K | Nov 21, 2023 | Common Stock | 33.2K | $0.59 | Direct | F1, F5, F6 |
Id | Content |
---|---|
F1 | The Grants were made as discretionary grants to Reporting Person from the Issuer's 2021 Equity Incentive Plan, as amended ("Plan"). Pursuant to Nasdaq rules, no shares may be issued pursuant to the grants until such time as there are sufficient shares of common stock available under the Plan. The applicable vesting for each grant is subject to the Reporting Person continuing to be a service provider to Issuer at the time of vesting. |
F2 | Each restricted stock unit represents the right to receive, at settlement, one share of common stock. |
F3 | The grant vests in twelve (12) equal quarterly installments over a three (3) year period with the first vesting date to occur on February 6, 2024. |
F4 | N/A. |
F5 | Each option represents the right to purchase one share of common stock at the exercise price. |
F6 | The grant vests in twelve (12) equal quarterly installments over a three (3) year period from the grant date. |