Shubham Maheshwari - 15 May 2023 Form 4 Insider Report for Varex Imaging Corp (VREX)

Role: Chief Financial Officer
Signature: /s/ Kimberley Honeysett, attorney-in-fact for Shubham Maheshwari
Issuer symbol: VREX
Transactions as of: 15 May 2023
Net transactions value: -$102,851
Form type: 4
Filing time: 17 May 2023, 16:32:28 UTC
Previous filing: 13 Dec 2022
Next filing: 12 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VREX	Common Stock	Options Exercise		+3,689	+13%		31,402	15 May 2023	Direct	F1, F2, F3
transaction	VREX	Common Stock	Tax liability	$20,512	-919	-2.9%	$22.32	30,483	15 May 2023	Direct	F4

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	VREX	Restricted Stock Units	Options Exercise	$82,338	-3,689	-50%	$22.32	3,689	15 May 2023	Common Stock	3,689		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	On May 21, 2021, the Reporting Person was granted 7,378 Restricted Stock Units, 50% of which vested on May 15, 2023 and 50% of which vest on May 15, 2025.
F2	Each Restricted Stock Unit converts into common stock on a one-for-one basis.
F3	Amount of securities beneficially owned at the end of the reporting period reflects 1,173 shares purchased under the Varex Imaging Corporation 2017 Employee Stock Purchase Plan.
F4	These shares represent shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of the Restricted Stock Units reported herein.