chun-hsien tsai - Oct 26, 2022 Form 4 Insider Report for Ainos, Inc. (AIMD)

Role
CEO, PRESIDENT, CHAIRMAN, Director
Signature
/s/ John Junyong Lee POA for Chun-Hsien Tsai
Stock symbol
AIMD
Transactions as of
Oct 26, 2022
Transactions value $
-$8,820,001
Form type
4
Date filed
10/26/2022, 09:41 PM
Previous filing
Jul 28, 2022
Next filing
Jul 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIMD Common Stock Award $630K +333K +1497.05% $1.89 356K Oct 26, 2022 Direct F2
holding AIMD Common Stock 22.3K Oct 26, 2022 Direct F1

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 AIMD RSU Conversion of derivative security -$9.45M -5M -100% $1.89 0 Oct 26, 2022 COMMON 333K $1.89 Direct F3
transaction AIMD RSU Award -50K -50% 50K Oct 24, 2022 COMMON 50K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The amount of common stock previously reported totaling 333,986 shares is hereby adjusted to 22,266 shares giving effect to a 15-to-1 Reverse Stock Split made effective on August 8, 2022 (the "Reverse Stock Split").
F2 This reported transaction represents the conversion of 5,000,000 Restricted Stock Units (the "RSUs") adjusted to 333,000 shares giving effect to the Reverse Stock Split. The RSUs were originally granted pursuant to an employment Mandate Agreement dated March 17, 2022 (the "Mandate Agreement") under the Company's 2021 Stock Incentive Plan. The converted shares underlying the RSUs vested on September 30, 2022 and may not be sold within 6 months of the grant date.
F3 This reported transaction represents the settlement of 5,000,000 RSUs adjusted to 333,333 common stock after giving effect the Reverse Stock Split.
F4 This reported transaction represents the granting of 50,000 Restricted Stock Units (the "RSUs"). The RSUs were originally authorized pursuant to an employment Mandate Agreement dated March 17, 2022 (the "Mandate Agreement") and under the Company's 2021 Stock Incentive Plan. The RSUs will vest in increments of 15% on 4/24/23 and 10/24/23, 30% on 10/24/24 and 40% on 10/24/25, subject to normal and customary termination events.