Gregg Williams - 08 Nov 2024 Form 4 Insider Report for Vivani Medical, Inc. (VANI)

Role: Director, 10%+ Owner
Signature: /s/ Brigid Makes as Attorney-in-fact
Issuer symbol: VANI
Transactions as of: 08 Nov 2024
Net transactions value: +$4,999,999
Form type: 4
Filing time: 13 Nov 2024, 08:46:59 UTC
Previous filing: 01 Jul 2024
Next filing: 03 Jan 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VANI	Common Stock	Purchase	$4,999,999	+3,968,253	+545%	$1.26	4,695,861	08 Nov 2024	Direct	F1
holding	VANI	Common Stock						13,677,308	08 Nov 2024	See footnote	F2

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

Explanation of Responses:

Id	Content
F1	The reporting person purchased 3,968,253 shares of the Issuer,s common stock in a private sale transaction at a price of $1.26 per share, which was the lower of the closing price of the Issuer's common stock on the Nasdaq or the 5-day average closing price of the Issuer's common stock on the Nasdaq, each immediately prior to the closing date, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the common stock that occur after the date of the private sale transaction. The gross proceeds from this private sale transaction were $5,000,000.00. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased in the transaction set forth in this footnote.
F2	In addition to the shares the reporting person purchased directly in his name on the open market and in the private sale transaction, the reporting person owns 13,677,308 shares indirectly as follows: (i) 11,551,556 shares of common stock owned by Gregg G. Williams 2006 Trust, (ii) 1,212,856 shares of common stock owned by Williams International Co. LLC, (iii) 181,587 shares of common stock owned by Sam Williams Family Investments LLC, and (iv) 731,309 shares of common stock owned by Sam B. Williams 1995 Generation-Skipping Trust. Gregg Williams has voting and dispositive power over all of these shares.

Content

The reporting person purchased 3,968,253 shares of the Issuer,s common stock in a private sale transaction at a price of $1.26 per share, which was the lower of the closing price of the Issuer's common stock on the Nasdaq or the 5-day average closing price of the Issuer's common stock on the Nasdaq, each immediately prior to the closing date, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the common stock that occur after the date of the private sale transaction. The gross proceeds from this private sale transaction were $5,000,000.00. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased in the transaction set forth in this footnote.

In addition to the shares the reporting person purchased directly in his name on the open market and in the private sale transaction, the reporting person owns 13,677,308 shares indirectly as follows: (i) 11,551,556 shares of common stock owned by Gregg G. Williams 2006 Trust, (ii) 1,212,856 shares of common stock owned by Williams International Co. LLC, (iii) 181,587 shares of common stock owned by Sam Williams Family Investments LLC, and (iv) 731,309 shares of common stock owned by Sam B. Williams 1995 Generation-Skipping Trust. Gregg Williams has voting and dispositive power over all of these shares.