| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | SVCO | Common Stock | 1.5K | May 8, 2024 | Direct | F1, F2, F3 |
| Id | Content |
|---|---|
| F1 | Each restricted stock unit ("RSUs") represents a contingent right to receive one share of Silvaco Group, Inc. common stock. The amount of securities reported on this Form 3 has been adjusted to reflect a 1-for-2 reverse stock split, which became effective with the State of Delaware on April 29, 2024 in connection with the Issuer's initial public offering (the "IPO"). |
| F2 | Includes an award of 500 RSUs granted on May 24, 2021, with a vesting start date of January 1, 2021, under the Silvaco Group, Inc. Amended and Restated 2014 Stock Incentive Plan (the "2014 Plan") that are subject to both a time-based vesting requirement and a liquidity event vesting requirement. The liquidity event vesting requirement will be met upon the consummation of the IPO. Upon the closing of the IPO, the time-based vesting requirement will be satisfied with respect to 406 shares. The remaining shares will satisfy the time-based vesting requirement in equal quarterly installments from July 1, 2024 to January 1, 2025. |
| F3 | Includes an award of 1,000 RSUs granted on April 22, 2022, with a vesting start date of January 1, 2022, under the 2014 Plan that are subject to both a time-based vesting requirement and a liquidity event vesting requirement. The liquidity event vesting requirement will be met upon the consummation of the IPO. Upon the closing of the IPO, the time-based vesting requirement will be satisfied with respect to 562 shares. The remaining shares will satisfy the time-based vesting requirement in equal quarterly installments from July 1,2024 to January 1, 2026. |
The reporting person is the trustee of the SMIK Grantor Retained Annuity Trust (the "Trust"), a 10% owner of the Issuer, and has sole voting and dispositive power over the securities held by the Trust. The reporting person, however, is not a beneficiary of the Trust and does not have a pecuniary interest in the securities held by the Trust. The reporting person disclaims beneficial ownership of the securities held by the Trust, except to the extent, if any, of his pecuniary interest therein, and the filing of this Form 3 is not an admission that the reporting person is the beneficial owner of the securities held by the Trust for purposes of Section 16 or for any other purpose. Exhibit 24 - Power of Attorney