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

Role: President & CEO, Director
Signature: /s/ Sanket Shah, Attorney-in-fact
Stock symbol: VRAYQ
Transactions as of: Mar 1, 2022
Transactions value $: -$618,883
Form type: 4
Date filed: 3/3/2022, 06:18 PM
Previous filing: Jan 4, 2022
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	-$351K	-84.8K	-2.34%	$4.14^*	3.54M	Mar 1, 2022	Direct	F1
transaction	VRAYQ	Common Stock	Tax liability	-$109K	-26.3K	-0.75%	$4.14^*	3.51M	Mar 1, 2022	Direct	F1
transaction	VRAYQ	Common Stock	Award	$0	+483K	+13.77%	$0.00	3.99M	Mar 1, 2022	Direct	F2
transaction	VRAYQ	Common Stock	Tax liability	-$159K	-37.4K	-0.94%	$4.24^*	3.95M	Mar 2, 2022	Direct	F1, 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	+483K		$0.00	483K	Mar 1, 2022	Common Stock	483K	$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 3,519,185 shares granted as RSUs. As of the transaction date, 1,649,811 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.