Adam Andrew Podbelski - Jul 15, 2023 Form 3 Insider Report for ViewRay, Inc. (VRAYQ)

Role: SVP, Customer Services
Signature: /s/ Sanket Shah, Attorney-in-fact
Stock symbol: VRAYQ
Transactions as of: Jul 15, 2023
Transactions value $: $0
Form type: 3
Date filed: 7/26/2023, 05:02 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	VRAYQ	Common Stock						187K	Jul 15, 2023	Direct	F4

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
holding	VRAYQ	Stock Option (right to buy)							Jul 15, 2023	Common Stock	100K	$9.18	Direct	F1
holding	VRAYQ	Stock Option (right to buy)							Jul 15, 2023	Common Stock	24K	$8.47	Direct	F2
holding	VRAYQ	Performance Units							Jul 15, 2023	Common Stock	70.3K	$0.00	Direct	F3

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

Explanation of Responses:

Id	Content
F1	25% of the shares subject to the option shall vest and become exercisable on the first anniversary after September 15, 2018 (the "Grant Date") and 1/36th of the shares shall vest and become exercisable each month after the first anniversary, September 15, 2019, such that 100% of the shares subject to the option will be vested on the fourth anniversary of the Grant Date, subject to the reporting person remaining a service provider through each vesting date.
F2	1/48th of the shares subject to the option shall vest and become exercisable on each month after March 1, 2019 (the "Grant Date"), such that 100% of the shares subject to the option will be vested on the fourth anniversary of the Grant Date, subject to the reporting person remaining a service provider through each such vesting date.
F3	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 canceled.
F4	Represents 177,892 shares of Restricted Stock Units (RSUs) and 9,065 shares purchased as part of the Employee Stock Purchase Plan (ESPP). The RSUs vest in three equal annual installments beginning on the first anniversary of the grant date. Mr. Podbelski has been granted the following: 10/24/2019 52,500 shares, 1/15/2020 22,500 shares, 3/2/2020 39,007 shares, 3/1/2021 24,141 shares, 3/1/2022 18,115 shares, 3/15/2022 41,322, and 3/1/2023 40,322 shares. The ESPP requires a one-year holding period after the purchase of the shares. Mr. Podbelski purchased the following shares as part of the ESPP: 1/4/2021 1,415 shares, 7/1/2021 648 shares, 1/3/2022 2,573 shares, 7/1/2022 1,429 shares, and 1/3/2022 3,000 shares. As of 7/15/2023, 154,552 shares are sellable.