Mark Spoto - Jun 15, 2022 Form 4 Insider Report for 908 Devices Inc. (MASS)

Role
Director
Signature
/s/ Michael S. Turner, as Attorney-in-Fact
Stock symbol
MASS
Transactions as of
Jun 15, 2022
Transactions value $
$0
Form type
4
Date filed
6/17/2022, 04:19 PM
Previous filing
Jun 21, 2021
Next filing
Nov 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MASS Common Stock, par value $0.001 Options Exercise +1.38K +3.78% 37.8K Jun 15, 2022 Direct F1, F2
holding MASS Common Stock, par value $0.001 3.6K Jun 15, 2022 See Footnote F2, F3

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 MASS Restricted Stock Unit Options Exercise $0 -1.38K -100% $0.00* 0 Jun 15, 2022 Common Stock, par value $0.001 1.38K Direct F1, F4
transaction MASS Restricted Stock Unit Award $0 +4.77K $0.00 4.77K Jun 16, 2022 Common Stock, par value $0.001 4.77K Direct F1, F5
transaction MASS Stock Option (option to buy) Award $0 +7.97K $0.00 7.97K Jun 16, 2022 Common Stock, par value $0.001 7.97K $14.15 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Common Stock, par value $0.001, when vested.
F2 The number of shares reported reflect the receipt of shares pursuant to pro rata distributions in kind effected, subsequent to the reporting person's most recent Form 4, by Razor's Edge Fund LP, RE Sidecar 4, LLC and Yodabyte Investments, LLC to their respective partners and members, including the reporting person and Razor's Edge Ventures, LLC, for no additional consideration. The receipt of such shares by the reporting person and Razor's Edge Ventures, LLC constituted a change in form of ownership, which was exempt from reporting pursuant to Rule 16a-13.
F3 These securities are owned directly by Razor's Edge Ventures, LLC. The reporting person is a managing member of Razor's Edge Ventures, LLC and may be deemed to be the beneficial owner of the securities held by Razor's Edge Ventures, LLC. The reporting person disclaims beneficial ownership of the securities held by Razor's Edge Ventures, LLC except to the extent of his pecuniary interest therein.
F4 The RSUs became fully vested on June 15, 2022, the day prior to the 2022 Annual Meeting of the Stockholders of 908 Devices Inc. The RSUs have no expiration date.
F5 The RSUs become fully vested on June 16, 2023 or the day prior to the 2023 Annual Meeting of the Stockholders of 908 Devices Inc., whichever occurs first, subject to the reporting person's continued service through the applicable vesting date, provided that, if the reporting person terminates their service for any reason, then a prorated number of RSUs will vest. The RSUs have no expiration date.
F6 The shares underlying the option become vested and exercisable in substantially equal monthly installments over the 12 months following June 16, 2022, subject to the reporting person's continued service through the applicable vesting date.