Douglas Quinton Larson - Nov 22, 2024 Form 4 Insider Report for Beyond Air, Inc. (XAIR)

Role
Chief Financial Officer
Signature
/s/ Douglas Quinton Larson
Stock symbol
XAIR
Transactions as of
Nov 22, 2024
Transactions value $
$0
Form type
4
Date filed
11/26/2024, 09:54 PM
Previous filing
Mar 21, 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 XAIR Stock Options (Right to buy) Disposed to Issuer -300K -100% 0 Nov 22, 2024 Common Stock 300K $1.53 Direct F1, F2
transaction XAIR Stock Options (Right to buy) Award +300K 300K Nov 22, 2024 Common Stock 300K $0.54 Direct F1, F2
transaction XAIR Stock Options (Right to buy) Disposed to Issuer -120K -100% 0 Nov 22, 2024 Common Stock 120K $6.28 Direct F1, F2
transaction XAIR Stock Options (Right to buy) Award +120K 120K Nov 22, 2024 Common Stock 120K $0.54 Direct F1, F2
transaction XAIR Stock Options (Right to buy) Disposed to Issuer -20K -100% 0 Nov 22, 2024 Common Stock 20K $6.87 Direct F1, F2
transaction XAIR Stock Options (Right to buy) Award +20K 20K Nov 22, 2024 Common Stock 20K $0.54 Direct F1, F2
transaction XAIR Stock Options (Right to buy) Disposed to Issuer -75K -100% 0 Nov 22, 2024 Common Stock 75K $10.68 Direct F1, F2
transaction XAIR Stock Options (Right to buy) Award +75K 75K Nov 22, 2024 Common Stock 75K $0.54 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 22, 2024, the Issuer's Board of Directors approved an option repricing, effective as of November 22, 2024 (the "Effective Date") reducing the exercise price to $0.54 per share, the closing price of the Issuer's common stock on the Effective Date. All of the other terms of the options remain unchanged.
F2 This stock option award was issued pursuant to the Company's Amended and Restated 2013 Equity Incentive Plan, as amended, (the "|2013 Plan") and becomes exercisable in accordance with the vesting schedule specified in the award agreement and as previously reported on applicable Form-4, subject to the Reporting Person's continued service with the Issuer as of the applicable vesting date.