| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CDMO | Common Stock, $0.001 par value | Options Exercise | +14.4K | +11.9% | 135K | Jul 9, 2023 | Direct | F1 | ||
| transaction | CDMO | Common Stock, $0.001 par value | Sale | -$104K | -7.53K | -5.56% | $13.77 | 128K | Jul 10, 2023 | Direct | F2, F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CDMO | Performance Stock Units | Options Exercise | $0 | +271K | +109.5% | $0.00 | 519K | Jul 9, 2023 | Common Stock | 271K | Direct | F4, F5 | |
| transaction | CDMO | Restricted Stock Units | Options Exercise | $0 | +136K | +56.54% | $0.00 | 376K | Jul 9, 2023 | Common Stock | 136K | Direct | F1, F6 | |
| transaction | CDMO | Restricted Stock Units | Disposed to Issuer | $0 | -8.83K | -2.35% | $0.00 | 367K | Jul 9, 2023 | Common Stock | 8.83K | Direct | F1, F7 | |
| transaction | CDMO | Restricted Stock Units | Disposed to Issuer | $0 | -5.57K | -1.52% | $0.00 | 361K | Jul 9, 2023 | Common Stock | 5.57K | Direct | F1, F8 |
| Id | Content |
|---|---|
| F1 | Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting, one share of the Issuer's Common Stock. |
| F2 | Represents the shares automatically sold by the reporting person pursuant to an election to satisfy tax withholding obligations in connection with the vesting of the RSUs described in footnotes 7 and 8. This sale does not represent a discretionary trade by the reporting person. |
| F3 | Represents a weighted average sales price per share. These shares were sold at prices ranging from $13.77 to $13.8404. The Reporting Person has provided to the Issuer, and hereby undertakes to provide the SEC staff or a security holder of the Issuer, upon request, information regarding the number of shares sold at each respective price within the range set forth in this footnote. |
| F4 | Each performance stock unit ("PSU") represents the contingent right to receive, upon vesting, one share of the Issuer's Common Stock. |
| F5 | The vesting of the PSUs granted to the reporting person on July 9, 2023 is subject to the Issuer achieving certain fiscal year revenue and adjusted pre-tax net income milestones, each weighted 50%, over three (3) fiscal year performance periods beginning with the Issuer's fiscal year ending April 30, 2024 and continuing through the fiscal year ending April 30, 2026 (each a "Performance Period"). Subject to the Issuer attaining the applicable fiscal year milestones, 1/3rd of the PSUs will vest on the last day of each fiscal year during the Performance Period, subject to the reporting person's continuous service to the Issuer on such vesting dates. The number of PSUs listed is based on a maximum 200% achievement of each milestone during each Performance Period (the "Maximum Performance Target"). If a milestone is achieved at a rate below the Maximum Performance Target, or is not achieved, the corresponding portion of the PSUs that do not vest are forfeited. |
| F6 | RSUs granted to the reporting person on July 9, 2023, vest in sixteen (16) equal quarterly installments over a four (4) year period beginning October 9, 2023, and each quarter thereafter until fully-vested, subject to the reporting person's continuous service to the Issuer on such vesting dates. |
| F7 | RSUs granted to the reporting person on July 9, 2022, vest in sixteen (16) equal quarterly installments over a four (4) year period beginning October 9, 2022, and each quarter thereafter until fully-vested, subject to the reporting person's continuous service to the Issuer on such vesting dates. |
| F8 | RSUs granted to the reporting person on July 9, 2021, vest in sixteen (16) equal quarterly installments over a four (4) year period beginning October 9, 2021, and each quarter thereafter until fully-vested, subject to the reporting person's continuous service to the Issuer on such vesting dates. |