Donald Dwyer - 30 Aug 2022 Form 4 Insider Report for Vivani Medical, Inc. (VANI)

Role
Chief Business Officer
Signature
/s/ Donald Dwyer
Issuer symbol
VANI
Transactions as of
30 Aug 2022
Net transactions value
$0
Form type
4
Filing time
31 Aug 2022, 18:24:15 UTC
Next filing
21 Nov 2022
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 VANI Common Stock Option Other $0 +36,224 $0.000000 36,224 30 Aug 2022 Common Stock 36,224 $3.15 Direct F1
transaction VANI Common Stock Option Other $0 +217,344 $0.000000 217,344 30 Aug 2022 Common Stock 217,344 $3.15 Direct F1, F2
transaction VANI Common Stock Option Other $0 +36,224 $0.000000 36,224 30 Aug 2022 Common Stock 36,224 $3.15 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the replacement option to be issued by Vivani Medical, Inc. (f/k/a Second Sight Medical Products, Inc.) at the effective time of the merger acquisition thereof, pursuant to the terms of the Agreement and Plan of Merger entered into on February 4, 2022.
F2 The option vests monthly in equal parts over the three years after the date of grant commencing November 1, 2020.