Ramy A. Mahmoud - Jun 17, 2021 Form 4 Insider Report for OptiNose, Inc. (OPTN)

Role: President and COO
Signature: /s/ Michele Janis, Attorney-in-Fact
Stock symbol: OPTN
Transactions as of: Jun 17, 2021
Transactions value $: -$3,391
Form type: 4
Date filed: 6/17/2021, 06:49 PM
Next filing: Sep 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OPTN	Common Stock	Sale	-$3.39K	-909	-0.36%	$3.73	255K	Jun 17, 2021	Direct	F1
holding	OPTN	Common Stock						35.7K	Jun 17, 2021	By: The Ramy Mahmoud 2014 Trust for Cynthia Mahmoud	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of restricted share units. This sale is mandated by the issuer's award agreement under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
F2	Shares held by The Ramy Mahmoud 2014 Trust for Cynthia Mahmoud, the beneficiary of which is Dr. Mahmoud's spouse.

Content

Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of restricted share units. This sale is mandated by the issuer's award agreement under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.

Shares held by The Ramy Mahmoud 2014 Trust for Cynthia Mahmoud, the beneficiary of which is Dr. Mahmoud's spouse.