Nickolay Kukekov - Nov 3, 2022 Form 4 Insider Report for BioRestorative Therapies, Inc. (BRTX)

Role
Director
Signature
/s/ Nickolay Kukekov
Stock symbol
BRTX
Transactions as of
Nov 3, 2022
Transactions value $
$0
Form type
4
Date filed
11/4/2022, 04:22 PM
Previous filing
Aug 24, 2022
Next filing
Feb 17, 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 BRTX Stock Option Disposed to Issuer $0 -25.2K -100% $0.00* 0 Nov 3, 2022 Common Stock 25.2K $13.50 Direct F1, F2
transaction BRTX Stock Option Award $0 +25.2K $0.00 25.2K Nov 3, 2022 Common Stock 25.2K $5.08 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option vests and becomes exercisable to the extent of 12,618 shares on November 4, 2021 with the remaining 12,618 shares vesting quarterly in eight nearly equal installments beginning November 4, 2022 and continuing every three months thereafter until fully vested.
F2 The reported transactions involved an amendment of an outstanding stock option, resulting in the deemed cancellation of the "old" stock option and the grant of a "replacement" stock option with a reduced exercise price.