Lisa Ellen Porter - Mar 6, 2023 Form 4 Insider Report for Vivani Medical, Inc. (VANI)

Role
Chief Medical Officer
Signature
/s/ Lisa E. Porter
Stock symbol
VANI
Transactions as of
Mar 6, 2023
Transactions value $
$0
Form type
4
Date filed
3/8/2023, 08:34 PM
Previous filing
Jan 23, 2023
Next filing
May 14, 2024

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 +20K $0.00 20K Mar 6, 2023 Common Stock 20K Direct F1, F2
transaction VANI RSUs Award $0 +40K $0.00 40K Mar 6, 2023 Common Stock 40K 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.