Chun Jung Tsai - Jun 30, 2023 Form 4 Insider Report for Ainos, Inc. (AIMD)

Role: Director
Signature: /s/ John Junyong Lee POA for Chung-Jung Tsai
Stock symbol: AIMD
Transactions as of: Jun 30, 2023
Transactions value $: $0
Form type: 4
Date filed: 7/5/2023, 05:19 PM
Previous filing: Nov 14, 2022
Next filing: Nov 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AIMD	Common Stock	Award	$11.1K	+10.5K	+117.55%	$1.06	19.4K	Jun 30, 2023	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	Award		+70K			70K	Nov 14, 2022	Common Stock	70K		Direct	F2
transaction	AIMD	RSU issuance	Conversion of derivative security	-$11.1K	-10.5K	-15%	$1.06	59.5K	Jun 30, 2023	Common Stock	10.5K	$1.06	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This reported transaction represents the conversion of 10,500 Restricted Stock Units (the "RSUs").
F2	Reference is made to the RSUs granted under the 2023 Stock Incentive Plan. Each RSU represents a right to receive one (1) share of common stock upon vesting and the expiration of any applicable restricted period or, if approved, the cash value thereof (or any combination thereof). Holders of RSUs have no rights or privileges as a stockholder. Except as otherwise agreed, if the Reporting Person's participation is terminated for any reason prior to the date that all of its RSU have vested, all vesting rights shall cease and all unvested RSU shall be forfeited for no consideration as of the date termination. Vesting dates related to the 70,000 RSUs are as follows: 10,500 shares on 5/14/23 and 11/14/23, respectively, 21,000 shares on 11/14/24 and 28,000 shares on 11/14/25.

Content

This reported transaction represents the conversion of 10,500 Restricted Stock Units (the "RSUs").

Reference is made to the RSUs granted under the 2023 Stock Incentive Plan. Each RSU represents a right to receive one (1) share of common stock upon vesting and the expiration of any applicable restricted period or, if approved, the cash value thereof (or any combination thereof). Holders of RSUs have no rights or privileges as a stockholder. Except as otherwise agreed, if the Reporting Person's participation is terminated for any reason prior to the date that all of its RSU have vested, all vesting rights shall cease and all unvested RSU shall be forfeited for no consideration as of the date termination. Vesting dates related to the 70,000 RSUs are as follows: 10,500 shares on 5/14/23 and 11/14/23, respectively, 21,000 shares on 11/14/24 and 28,000 shares on 11/14/25.