Lucas W. Buchanan - Aug 15, 2022 Form 4 Insider Report for Silk Road Medical Inc (SILK)

Role
COO/CFO
Signature
/s/Mhairi Jones, by power of attorney
Stock symbol
SILK
Transactions as of
Aug 15, 2022
Transactions value $
-$964,408
Form type
4
Date filed
8/17/2022, 05:32 PM
Previous filing
Aug 12, 2022
Next filing
Oct 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SILK Common Stock Options Exercise $247K +12.4K +6.44% $20.00 204K Aug 15, 2022 Direct F1
transaction SILK Common Stock Sale -$599K -12.4K -6.05% $48.46 192K Aug 15, 2022 Direct F1, F2
transaction SILK Common Stock Sale -$613K -12.6K -6.59% $48.46 179K Aug 15, 2022 Direct F2, F3
holding SILK Common Stock 13.5K Aug 15, 2022 Buchanan Grandchildren's Irrevocable Trust F4

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 SILK Option (right to buy) Options Exercise $0 -12.4K -27.18% $0.00 33.1K Aug 15, 2022 Common Stock 12.4K $20.00 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option exercise and sale reported on this Form 4 were effected pursuant to Rule 10b5-1 Trading Plan adopted by the reporting person on June 13, 2022.
F2 This transaction was executed in multiple trades at price ranging from $47.26 to $49.37. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 The sale reported on this Form 4 were effected pursuant to Rule 10b5-1 Trading Plan adopted by the reporting person on June 13, 2022.
F4 These shares are held directly by the Buchanan Grandchildren's Irrevocable Trust, for which the Reporting Person serves as a co-trustee.
F5 One forty-eighth of the shares subject to the option shall vest on May 3, 2019 and each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.