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 |
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. |