Stephana Patton - Jul 15, 2024 Form 4 Insider Report for CUTERA INC (CUTR)

Role
Chief Legal Officer
Signature
/s/ Stephana Patton
Stock symbol
CUTR
Transactions as of
Jul 15, 2024
Transactions value $
$0
Form type
4
Date filed
7/17/2024, 09:32 PM
Previous filing
May 14, 2024

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) Disposed to Issuer $0 -25K -100% $0.00* 0 Jul 15, 2024 COMMON STOCK 25K $2.11 Direct F1
transaction CUTR Stock Option (Right to Buy) Award $0 +25K $0.00 25K Jul 15, 2024 COMMON STOCK 25K $1.54 Direct F1, F2
transaction CUTR Stock Option (Right to Buy) Disposed to Issuer $0 -30K -100% $0.00* 0 Jul 15, 2024 COMMON STOCK 30K $2.11 Direct F3
transaction CUTR Stock Option (Right to Buy) Award $0 +30K $0.00 30K Jul 15, 2024 COMMON STOCK 30K $1.54 Direct F2, F3
transaction CUTR Stock Option (Right to Buy) Disposed to Issuer $0 -55K -100% $0.00* 0 Jul 15, 2024 COMMON STOCK 55K $2.23 Direct F4
transaction CUTR Stock Option (Right to Buy) Award $0 +55K $0.00 55K Jul 15, 2024 COMMON STOCK 55K $1.54 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 On July 15, 2024, the Issuer's Board of Directors approved an option repricing (the "Repricing") whereby the Reporting Person's options were repriced to an exercise price of $1.54 per share. All of the other terms of the options remain unchanged. Such transactions were exempt pursuant to Rule 16b-6(d) and Rule 16b-3 of the Exchange Act, as applicable.
F3 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.
F4 The shares subject to the option shall vest 1/48 per month from April 25, 2024, subject to the Reporting Person continuing to be a service provider through each such date.