Kevin J. Knopp - Mar 1, 2023 Form 4 Insider Report for 908 Devices Inc. (MASS)

Role
President and CEO, Director
Signature
/s/ Michael S. Turner, as Attorney-in-Fact
Stock symbol
MASS
Transactions as of
Mar 1, 2023
Transactions value $
$0
Form type
4
Date filed
3/16/2023, 04:32 PM
Previous filing
Feb 17, 2023
Next filing
May 25, 2023

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 Award $0 +53.8K $0.00 53.8K Mar 1, 2023 Common Stock, par value $0.001 53.8K Direct F1, F2
transaction MASS Performance-Based Restricted Stock Unit Award $0 +53.8K $0.00 53.8K Mar 1, 2023 Common Stock, par value $0.001 53.8K Direct F3
* 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 ("Common Stock"), when vested.
F2 The RSUs shall vest 25% on February 1, 2024, with the remaining 75% vesting in three substantially equal annual installments at the three anniversary dates following February 1, 2024, subject to the reporting person's continued service through the applicable vesting date. The RSUs have no expiration date.
F3 Each Performance-Based RSU represents a contingent right to receive one share of Common Stock, when vested. The actual number of shares of Common Stock earned and acquired upon vesting of the Performance-Based RSUs shall be based upon the achievement of stock price levels pre-established by the Compensation Committee at the grant date, which shall be determined and certified by the Compensation Committee within 30 days of December 31, 2025, with reference to the Company's volume weighted average price of Common Stock on The Nasdaq Global Market during the fourth calendar quarter of fiscal year 2025 (i.e., the period from October 1, 2025 to December 31, 2025), subject to the reporting person's continued service through the vesting date. The number of Performance-Based RSUs reported reflects the maximum number of units the reporting person may earn at the certification date. Any Performance-Based RSUs not earned at the certification date shall be forfeited.

Remarks:

This Form 4 is being filed late due to an inadvertent administrative error.