Tyler Gates - Feb 29, 2024 Form 4 Insider Report for Glimpse Group, Inc. (VRAR)

Signature
/s/ Tyler Gates
Stock symbol
VRAR
Transactions as of
Feb 29, 2024
Transactions value $
$0
Form type
4
Date filed
3/5/2024, 09:01 AM
Previous filing
May 31, 2023

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 (Right to Purchase) Disposed to Issuer $0 -9.22K -100% $0.00* 0 Feb 29, 2024 Common Stock 9.22K Direct F1
transaction VRAR Stock Option (Right to Purchase) Award $0 +5.53K $0.00 5.53K Mar 1, 2024 Common Stock 5.53K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the forfeiture, by Mr. Gates, of fully vested options to purchase an aggregate of 9,216 shares of the issuer's common stock granted under the issuer's 2016 equity incentive plan, as amended (the "2016 Plan"), consisting of (i) options to purchase 4,608 shares of the issuer's common stock granted to Mr. Gates on January 6, 2023 with an exercise price of $7.00 per share, and (ii) options to purchase 4,608 shares of the issuer's common stock granted to Mr. Gates on April 1, 2023 with an exercise price of $7.00 per share. The foregoing options were to expire 10 years from their respective grant dates.
F2 Mr. Gates was granted options to purchase an aggregate of 5,532 shares of the issuer's common stock under the 2016 Plan on March 1, 2023, consisting of (i) options to purchase 1,844 shares of the issuer's common stock, at an exercise price of $3.00 per share, which options vest on March 1, 2025, (ii) options to purchase 1,844 shares of the issuer's common stock, at an exercise price of $2.50 per share, which options vest on March 1, 2026, and (ii) options to purchase 1,844 shares of the issuer's common stock, at an exercise price of $2.00 per share, which options vest on March 1, 2027. The foregoing options are set to expire seven years from the grant date.