Stephana Eilene Patton - 06 Mar 2024 Form 4 Insider Report for CUTERA INC (CUTRQ)

Role: Chief Legal Officer
Signature: /s/ Stephana Patton
Issuer symbol: CUTRQ
Transactions as of: 06 Mar 2024
Net transactions value: $0
Form type: 4
Filing time: 08 Mar 2024, 17:51:01 UTC
Previous filing: 17 Nov 2023
Next filing: 14 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CUTR	COMMON STOCK	Award	$0	+25,000		$0.000000	25,000	06 Mar 2024	Direct	F1
transaction	CUTR	COMMON STOCK	Award	$0	+25,000	+100%	$0.000000	50,000	06 Mar 2024	Direct	F2
transaction	CUTR	COMMON STOCK	Award	$0	+30,000	+60%	$0.000000	80,000	06 Mar 2024	Direct	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	CUTR	Stock Option (Right to Buy)	Award	$0	+30,000		$0.000000	30,000	06 Mar 2024	COMMON STOCK	30,000	$2.11	Direct	F4
transaction	CUTR	Stock Option (Right to Buy)	Award	$0	+25,000	+83%	$0.000000	55,000	06 Mar 2024	COMMON STOCK	25,000	$2.11	Direct	F5

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

Explanation of Responses:

Id	Content
F1	25,000 shares of the securities represent restricted stock units (RSUs) granted to the reporting person. Each RSU represents a contingent right to receive one share of Common Stock. 25% of the shares shall vest on November 13, 2024 and then 1/12 of the remaining shares shall vest quarterly thereafter, subject to the reporting person continuing to be a service provider through each such date.
F2	25,000 shares of the securities represent performance stock unit awards (PSU) granted to the reporting person. Each PSU represents a contingent right to receive one share of Common Stock. A quantity equal to 25% of the shares shall become eligible for time-based vesting if the 30-calendar day trailing average of the Company's closing common stock price meets or exceeds $10.00 within four years of the grant date. Once the foregoing condition is attained, 25% of the award shall vest on the later of (i) the date such condition is attained or (ii) the commencement date plus one year, and then 1/12 of the remaining shares shall vast quarterly thereafter, subject to the reporting person continuing to be a service provider through each such date.
F3	30,000 shares of the securities represent performance stock unit awards (PSU) granted to the reporting person. Each PSU represents a contingent right to receive one share of Common Stock. A quantity equal to 25% of the shares shall become eligible for time-based vesting if the 30-calendar day trailing average of the Company's closing common stock price meets or exceeds $20.00 within four years of the grant date. Once the foregoing condition is attained, 25% of the award shall vest on the later of (i) the date such condition is attained or (ii) the commencement date plus one year, and then 1/12 of the remaining shares shall vast quarterly thereafter, subject to the reporting person continuing to be a service provider through each such date.
F4	30,000 shares of the stock option will vest according to the following schedule: One-fourth of the shares subject to the option shall vest on November 13, 2024 and then 1/36 of the remaining shares subject to the option shall vest monthly thereafter, subject to the reporting person continuing to be a service provider through each such date.
F5	25,000 shares of the stock options will vest according to the following schedule: 50% of the shares subject to the option shall vest on November 21, 2024 and then 1/24 monthly thereafter for 12 months, subject to the reporting person continuing to be a service provider through each such date.