Brigid Makes - 06 Mar 2023 Form 4 Insider Report for Vivani Medical, Inc. (VANI)

Role
CFO
Signature
/s/ Brigid Makes
Issuer symbol
VANI
Transactions as of
06 Mar 2023
Net transactions value
$0
Form type
4
Filing time
08 Mar 2023, 20:33:16 UTC
Previous filing
23 Jan 2023
Next filing
16 May 2023
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 RSUs Award $0 +37,500 $0.000000 37,500 06 Mar 2023 Common Stock 37,500 Direct F1, F2
transaction VANI RSUs Award $0 +75,000 $0.000000 75,000 06 Mar 2023 Common Stock 75,000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents a contingent right to receive one share of Vivani common stock.
F2 The performance based RSUs vest one third when the stock price is at or above $3.15 for three consecutive business days. Second third vests one year after that. Final third vests one year after second third. If the RSUs fail to reach $3.15 for three consecutive business days within a four year term from the date of the grant the RSUs expire.