Zachary William Stassen - Mar 1, 2022 Form 4 Insider Report for ViewRay, Inc. (VRAYQ)

Role: Chief Financial Officer
Signature: /s/ Sanket Shah, Attorney-in-fact
Stock symbol: VRAYQ
Transactions as of: Mar 1, 2022
Transactions value $: -$68,256
Form type: 4
Date filed: 3/3/2022, 06:17 PM
Previous filing: Nov 19, 2021
Next filing: May 12, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VRAYQ	Common Stock	Tax liability	-$68.3K	-16.5K	-3.54%	$4.14^*	449K	Mar 1, 2022	Direct	F1
transaction	VRAYQ	Common Stock	Award	$0	+87.6K	+19.51%	$0.00	536K	Mar 1, 2022	Direct	F2, 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	VRAYQ	Performance Units	Award	$0	+87.6K		$0.00	87.6K	Mar 1, 2022	Common Stock	87.6K	$0.00	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Payment of tax liability by withholding securities incident to vesting of restricted stock units.
F2	The reported securities are RSUs that entitle the Reporting Person to receive one share of Common Stock per RSU upon vesting. A total of one-third of the shares subject to this grant become vested on each of the first three anniversaries of March 1, 2022, subject to the Reporting Person remaining a service provider through each such vesting date.
F3	Includes 478,506 shares granted as RSUs. As of the transaction date, 85,639 of the RSUs have vested.
F4	These performance share awards were issued at a 100% target and have a 3-year vest period and will vest in all or in part upon achievement of performance metrics. Any awards that have not been vested and released at the end of the 3-year period will be cancelled.