Steve Gorlin - Nov 9, 2023 Form 4 Insider Report for BIOVIE INC. (BIVI)

Role
Director
Signature
/S/ STEVE GORLIN
Stock symbol
BIVI
Transactions as of
Nov 9, 2023
Transactions value $
-$127,899
Form type
4
Date filed
12/6/2023, 04:16 PM
Previous filing
Sep 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BIVI Common Stock Award $0 +46.4K +61.26% $0.00 122K Nov 9, 2023 Direct F1
transaction BIVI Common Stock Sale -$128K -75.7K -62.01% $1.69 46.4K Dec 1, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock unit ("RSU") grant was approved by the compensation committee of the issuer's board of directors on September 22, 2023, subject to board approval, which was obtained on November 9, 2023. Each RSU represents a contingent right to receive one share of the issuer's Class A common stock. The RSUs vest in four equal installments beginning on February 9, 2024, with the remaining installments vesting on May 9, 2024, August 9, 2024 and the earlier of November 9, 2024 or the date of the issuer's 2024 annual shareholders' meeting.