Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NRIX | Employee Stock Option (right to buy) | Award | $0 | +150K | $0.00 | 150K | Feb 13, 2024 | Common Stock | 150K | $8.72 | Direct | F1 | |
transaction | NRIX | Restricted Stock Units | Award | $0 | +45K | $0.00 | 45K | Feb 13, 2024 | Common Stock | 45K | $0.00 | Direct | F2, F3, F4 |
Id | Content |
---|---|
F1 | The stock option vests as to 1/36 of the total shares monthly beginning March 13, 2024, until the option is fully vested on February 13, 2027, subject to the Reporting Person's provision of service to the Issuer on each vesting date. |
F2 | Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. |
F3 | The RSUs will vest as to 1/12 of the total award quarterly over three years, with the first quarterly increment vesting on July 30, 2024, subject to the Reporting Person's provision of services to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting. |
F4 | RSUs do not expire; they either vest or are canceled prior to the vest date. |