Nestor Jaramillo Jr. - 03 Mar 2023 Form 4 Insider Report for Nuwellis, Inc. (NUWE)

Role
President and CEO, Director
Signature
/s/ Phillip D. Torrence, by Power of Attorney
Issuer symbol
NUWE
Transactions as of
03 Mar 2023
Net transactions value
$0
Form type
4
Filing time
07 Mar 2023, 16:54:32 UTC
Previous filing
04 Mar 2022
Next filing
16 Mar 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 NUWE Incentive Stock Option (right to buy) Award $0 +8,954 $0.000000 8,954 03 Mar 2023 Common Stock 8,954 $7.72 Direct F1
transaction NUWE Non-qualified Stock Option (right to buy) Award $0 +13,866 $0.000000 13,866 03 Mar 2023 Common Stock 13,866 $7.72 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options will vest as follows: 25% of the options will vest on the one-year anniversary of the date of grant; the remaining options will vest in 36 equal consecutive monthly increments thereafter, so all will be vested on the four-year anniversary of the date of grant.

Remarks:

Exhibit 24, Power of Attorney, is attached.