Paul Ziegler Jr - Mar 1, 2023 Form 4 Insider Report for ViewRay, Inc. (VRAYQ)

Role: Chief Commercial Officer
Signature: /s/ Sanket Shah, Attorney-in-fact
Stock symbol: VRAYQ
Transactions as of: Mar 1, 2023
Transactions value $: -$199,326
Form type: 4
Date filed: 3/3/2023, 04:25 PM
Previous filing: Oct 25, 2022
Next filing: Jun 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VRAYQ	Common Stock	Award	$0	+115K	+34.57%	$0.00	448K	Mar 1, 2023	Direct	F1
transaction	VRAYQ	Common Stock	Tax liability	-$53.5K	-12.3K	-2.75%	$4.34^*	436K	Mar 1, 2023	Direct	F2
transaction	VRAYQ	Common Stock	Tax liability	-$68.9K	-15.9K	-3.64%	$4.34^*	420K	Mar 1, 2023	Direct	F2
transaction	VRAYQ	Common Stock	Tax liability	-$76.9K	-18.1K	-4.31%	$4.25^*	402K	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	+115K		$0.00	115K	Mar 1, 2023	Common Stock	115K	$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 402,196 shares granted as RSUs. As of the transaction date, 157,010 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.