Ramy A. Mahmoud - Sep 15, 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
Sep 15, 2021
Transactions value $
-$34,860
Form type
4
Date filed
9/17/2021, 01:57 PM
Previous filing
Jun 17, 2021
Next filing
Dec 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPTN Common Stock Options Exercise +39.8K +15.62% 294K Sep 15, 2021 Direct F1
transaction OPTN Common Stock Sale -$32.3K -11.6K -3.94% $2.79 283K Sep 16, 2021 Direct F2
transaction OPTN Common Stock Sale -$2.54K -911 -0.32% $2.79 282K Sep 16, 2021 Direct F3
holding OPTN Common Stock 35.7K Sep 15, 2021 By: The Ramy Mahmoud 2014 Trust for Cynthia Mahmoud

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 OPTN Restricted Stock Units Options Exercise $0 -39.8K -50% $0.00 39.8K Sep 15, 2021 Common Stock 39.8K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of a restricted stock units (RSUs) granted on September 15, 2020. 50% of the RSUs subject to this award shall vest on September 15, 2021 and the balance shall vest on September 15, 2022, subject to the reporting person's continuous service through such vesting date.
F2 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 granted on September 15, 2020. 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.
F3 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 granted on March 6, 2020. 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.
F4 RSUs convert into common stock on a one-for-one basis.