Brian Kenneth Roberts - 14 Jun 2021 Form 4 Insider Report for Rezolute, Inc. (RZLT)

Role
Sr VP, Clinic Development
Signature
/s/ Brian Kenneth Roberts
Issuer symbol
RZLT
Transactions as of
14 Jun 2021
Net transactions value
$0
Form type
4
Filing time
14 Jul 2021, 21:00:25 UTC
Next filing
06 May 2022
SEC
View on sec.gov

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 RZLT Stock Option (right to buy) Award $0 +75,000 $0.000000 75,000 14 Jun 2021 Common Stock 75,000 $12.28 Direct F1
transaction RZLT Stock Option (right to buy) Disposed to Issuer $0 -9,000 -100% $0.000000* 0 14 Jun 2021 Common Stock 9 $52.50 Direct
transaction RZLT Stock Option (right to buy) Disposed to Issuer $0 -20,000 -100% $0.000000* 0 14 Jun 2021 Common Stock 20,000 $14.50 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Option will become vested and exercisable as follows: (i) 25% of options shall vest on Grant date and (ii) one thirty-sixth (1/36) of remaining such Options shall vest each month thereafter on the first day of each month until the Option is 100% vested. The unvested portion of the Option will not be exercisable on or after the Reporting Person's termination of Continuous Service.
F2 The disposed of options only vest equally over a 36-month period following certain performance and market price criteria, which had not been met through date of disposition.