Ramy A. Mahmoud - Mar 16, 2022 Form 4 Insider Report for OptiNose, Inc. (OPTN)

Role: President and COO
Signature: /s/ Anthony Krick, Attorney-in-Fact
Stock symbol: OPTN
Transactions as of: Mar 16, 2022
Transactions value $: -$17,342
Form type: 4
Date filed: 3/17/2022, 01:28 PM
Previous filing: Jan 12, 2022
Next filing: Jun 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OPTN	Common Stock	Sale	-$17.3K	-8.22K	-4.04%	$2.11	195K	Mar 16, 2022	Direct	F1, F2
holding	OPTN	Common Stock						172K	Mar 16, 2022	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 plan 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	Includes a transfer of 136,696 shares from the Reporting Person to the Ramy Mahmoud 2014 Trust for Cynthia Mahmoud for no consideration.

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 plan 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.

Includes a transfer of 136,696 shares from the Reporting Person to the Ramy Mahmoud 2014 Trust for Cynthia Mahmoud for no consideration.