Ron Bentsur - Nov 22, 2024 Form 4 Insider Report for Beyond Air, Inc. (XAIR)

Role
Director
Signature
/s/ Ron Bentsur
Stock symbol
XAIR
Transactions as of
Nov 22, 2024
Transactions value $
$0
Form type
4
Date filed
11/26/2024, 09:55 PM
Previous filing
Nov 18, 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 -45K -100% 0 Nov 22, 2024 Common Stock 45K $1.53 Direct F1, F2
transaction XAIR Stock Options (Right to buy) Award +45K 45K Nov 22, 2024 Common Stock 45K $0.54 Direct F1, F2
transaction XAIR Stock Options (Right to buy) Disposed to Issuer -40K -100% 0 Nov 22, 2024 Common Stock 40K $6.28 Direct F1, F2
transaction XAIR Stock Options (Right to buy) Award +40K 40K Nov 22, 2024 Common Stock 40K $0.54 Direct F1, F2
transaction XAIR Stock Options (Right to buy) Disposed to Issuer -30K -100% 0 Nov 22, 2024 Common Stock 30K $6.87 Direct F1, F2
transaction XAIR Stock Options (Right to buy) Award +30K 30K Nov 22, 2024 Common Stock 30K $0.54 Direct F1, F2
transaction XAIR Stock Options (Right to buy) Disposed to Issuer -25K -100% 0 Nov 22, 2024 Common Stock 25K $5.45 Direct F1, F2
transaction XAIR Stock Options (Right to buy) Award +25K 25K Nov 22, 2024 Common Stock 25K $0.54 Direct F1, F2
transaction XAIR Stock Options (Right to buy) Disposed to Issuer -25K -100% 0 Nov 22, 2024 Common Stock 25K $5.32 Direct F1, F2
transaction XAIR Stock Options (Right to buy) Award +25K 25K Nov 22, 2024 Common Stock 25K $0.54 Direct F1, F2
transaction XAIR Stock Options (Right to buy) Disposed to Issuer -24K -100% 0 Nov 22, 2024 Common Stock 24K $4.80 Direct F1, F2
transaction XAIR Stock Options (Right to buy) Award +24K 24K Nov 22, 2024 Common Stock 24K $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.