NICHOLAS SHERIDAN LEWIN - 15 Jul 2024 Form 4 Insider Report for CUTERA INC (CUTR)

Role
Director
Signature
/s/ Stuart Drummond, by power of attorney
Issuer symbol
CUTR
Transactions as of
15 Jul 2024
Transactions value $
$0
Form type
4
Filing time
05 Aug 2024, 18:55:36 UTC
Previous filing
02 Jul 2024
Next filing
02 Oct 2024
SEC
View on sec.gov

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 -25.3K -100% $0.00* 0 15 Jul 2024 COMMON STOCK 25.3K $16.84 Direct F1
transaction CUTR Stock Option (Right to Buy) Award $0 +25.3K $0.00 25.3K 15 Jul 2024 COMMON STOCK 25.3K $1.54 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One-third of the shares subject to the option vested on May 19, 2024 and one-third of the shares subject to the option shall vest each one-year anniversary thereafter, subject to the Reporting Person continuing as 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.