Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GIGA | Common Stock | Award | $0 | +150K | $0.00 | 150K | Sep 8, 2022 | Direct | F1, F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GIGA | Stock Options (Right to Buy) | Award | +300K | 300K | Sep 8, 2022 | Common Stock | 300K | $2.93 | Direct | F3, F4 |
Id | Content |
---|---|
F1 | Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The grant was exempt from Section 16(b) under the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder as it was approved by the board of directors of the Issuer, which was comprised of three non-employee directors in accordance with Rule 16b-3(d). |
F2 | Of the restricted stock units, 99,951 are fully vested and the remaining 49,974 restricted stock units shall vest in four equal semi-annual installments with the first increment vesting on November 25, 2022 (with fractional numbers initially rounded up and then rounded down) through May 25, 2024, subject to continued service as an employee of the Company as of each applicable vesting date. Vested shares of common stock will be delivered to the Reporting Person upon the final vesting of the restricted stock units. The restricted stock units were issued under the Company's 2018 Equity Incentive Plan. |
F3 | The stock options were granted under the Company's 2018 Equity Incentive Plan and shall vest as follows: 212,401 options are fully vested, and the remaining 87,450 options shall vest in monthly increments over a period of 21 months beginning on September 25, 2022 through May 25, 2024, subject to continued employment by the Company or any of its subsidiaries on each applicable vesting date. |
F4 | Not applicable. |