Robert S. McCormack - Mar 1, 2023 Form 4 Insider Report for ViewRay, Inc. (VRAYQ)

Role
SVP Gen Counsel & Corp Sec
Signature
/s/ Sanket Shah, Attorney-in-fact
Stock symbol
VRAYQ
Transactions as of
Mar 1, 2023
Transactions value $
-$288,981
Form type
4
Date filed
3/3/2023, 04:23 PM
Previous filing
Oct 25, 2022
Next filing
Aug 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRAYQ Common Stock Award $0 +86.4K +18.31% $0.00 558K Mar 1, 2023 Direct F1
transaction VRAYQ Common Stock Tax liability -$53.5K -12.3K -2.21% $4.34* 546K Mar 1, 2023 Direct F2
transaction VRAYQ Common Stock Tax liability -$76.1K -17.5K -3.21% $4.34* 528K Mar 1, 2023 Direct F2
transaction VRAYQ Common Stock Tax liability -$159K -37.5K -7.09% $4.25* 491K Mar 2, 2023 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 +86.4K $0.00 86.4K Mar 1, 2023 Common Stock 86.4K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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, 2023, subject to the Reporting Person remaining a service provider through each such vesting date.
F2 Payment of tax liability by withholding securities incident to vesting of restricted stock units.
F3 Includes 491,000 shares granted as RSUs. As of the transaction date, 310,683 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.