Michael Karavitis - Jul 15, 2024 Form 4 Insider Report for CUTERA INC (CUTR)

Role
EVP, Chief Technology Officer
Signature
/s/ Michael Karavitis
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
Jul 2, 2024
Next filing
Aug 2, 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 -20K -100% $0.00* 0 Jul 15, 2024 COMMON STOCK 20K $39.30 Direct
transaction CUTR Stock Option (Right to Buy) Award $0 +20K $0.00 20K Jul 15, 2024 COMMON STOCK 20K $1.54 Direct F1
transaction CUTR Stock Option (Right to Buy) Disposed to Issuer $0 -7.5K -100% $0.00* 0 Jul 15, 2024 COMMON STOCK 7.5K $32.87 Direct F2
transaction CUTR Stock Option (Right to Buy) Award $0 +7.5K $0.00 7.5K Jul 15, 2024 COMMON STOCK 7.5K $1.54 Direct F1, F2
transaction CUTR Stock Option (Right to Buy) Disposed to Issuer $0 -8.85K -100% $0.00* 0 Jul 15, 2024 COMMON STOCK 8.85K $33.45 Direct F3
transaction CUTR Stock Option (Right to Buy) Award $0 +8.85K $0.00 8.85K Jul 15, 2024 COMMON STOCK 8.85K $1.54 Direct F1, F3
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 F4
transaction CUTR Stock Option (Right to Buy) Award $0 +25K $0.00 25K Jul 15, 2024 COMMON STOCK 25K $1.54 Direct F1, F4
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 F5
transaction CUTR Stock Option (Right to Buy) Award $0 +55K $0.00 55K Jul 15, 2024 COMMON STOCK 55K $1.54 Direct F1, F5
transaction CUTR Stock Option (Right to Buy) Disposed to Issuer $0 -11.5K -100% $0.00* 0 Jul 15, 2024 COMMON STOCK 11.5K $19.44 Direct F6
transaction CUTR Stock Option (Right to Buy) Award $0 +11.5K $0.00 11.5K Jul 15, 2024 COMMON STOCK 11.5K $1.54 Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 One-fourth of the shares subject to the option vested on February 12, 2022, and 1/48 of the shares subject to the option shall vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F3 One-fourth of the shares subject to the option vested on February 20, 2023, and 1/48 of the shares subject to the option shall vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F4 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.
F5 The share 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.
F6 One-fourth of the shares subject to the option vested on January 1, 2024, and 1/48 of the shares subject to the option shall vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.