Erica Rogers - Apr 11, 2023 Form 4 Insider Report for Silk Road Medical Inc (SILK)

Signature
/s/Mhairi Jones, by power of attorney
Stock symbol
SILK
Transactions as of
Apr 11, 2023
Transactions value $
-$229,035
Form type
4
Date filed
4/12/2023, 05:29 PM
Previous filing
Mar 15, 2023
Next filing
May 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SILK Common Stock Options Exercise $9.6K +6K +2.23% $1.60* 275K Apr 11, 2023 Direct F1
transaction SILK Common Stock Sale -$239K -6K -2.18% $39.77 269K Apr 11, 2023 Direct F1, F2
holding SILK Common Stock 83.8K Apr 11, 2023 Trustees of The Surace/Rogers Family Trust F3

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 -6K -24.34% $0.00 18.7K Apr 11, 2023 Common Stock 6K $1.60 Direct F1, F4
* 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 a Rule 10b5-1 Trading Plan adopted by the Reporting Person on August 8, 2022, prior to the effectiveness of the revised requirements of Rule 10b5-1(c). In compliance with SEC guidance, the Reporting Person has not checked the box above but states that the Rule 10b5-1 trading plan is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
F2 This transaction was executed in multiple trades at price ranging from $39.12 to $40.01. 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 These shares are held directly by Kevin J. Surace and Erica J. Rogers, as Trustees of The Surace Rogers Family Trust.
F4 All of the shares subject to the option are fully vested and exercisable as of the date hereof.