Frederick Hrkac - Dec 28, 2023 Form 4 Insider Report for BioSig Technologies, Inc. (BSGM)

Role
Director
Signature
/s/ Kenneth Londoner, attorney-in-fact
Stock symbol
BSGM
Transactions as of
Dec 28, 2023
Transactions value $
$0
Form type
4
Date filed
1/4/2024, 04:05 PM
Previous filing
Aug 18, 2023
Next filing
Mar 4, 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 BSGM Stock Option (Right to Buy) Award $0 +600K $0.00 600K Dec 28, 2023 Common Stock 600K $0.47 Direct F1
transaction BSGM Restricted Stock Units Award $0 +900K $0.00 900K Dec 28, 2023 Common Stock 900K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One hundred thousand (100,000) of the shares of common stock underlying the stock option shall vest on each monthly anniversary of the date of grant for six consecutive months, provided that the Reporting Person is still providing services to the issuer or a subsidiary on such vesting dates.
F2 Each restricted stock unit ("RSU") represents the right to receive, at settlement, one (1) share of common stock.
F3 This RSU award was granted on December 28, 2023. Upon the issuer's market valuation of $50,000,000, three hundred thousand (300,000) RSUs shall vest and upon the issuer's market valuation of $100,000,000, six hundred thousand (600,000) RSUs shall vest, subject to the terms and conditions of the BioSig Technologies, Inc. 2023 Long-Term Incentive Plan and the issuer's standard form of Restricted Stock Unit Award Agreement, provided that the Reporting Person is still providing services to the issuer or a subsidiary on such vesting dates. Notwithstanding the foregoing, upon the occurrence of (i) a change in control, or (ii) a termination of service due to death or total and permanent disability, all unvested RSUs shall immediately become vested RSUs.