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

Role
Sr VP, Clinic Development
Signature
/s/ Brian Kenneth Roberts
Stock symbol
RZLT
Transactions as of
Jun 14, 2021
Transactions value $
$0
Form type
4
Date filed
7/14/2021, 09:00 PM
Next filing
May 6, 2022

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 +75K $0.00 75K Jun 14, 2021 Common Stock 75K $12.28 Direct F1
transaction RZLT Stock Option (right to buy) Disposed to Issuer $0 -9K -100% $0.00* 0 Jun 14, 2021 Common Stock 9 $52.50 Direct
transaction RZLT Stock Option (right to buy) Disposed to Issuer $0 -20K -100% $0.00* 0 Jun 14, 2021 Common Stock 20K $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.