Matthew Fisch - Feb 13, 2023 Form 4 Insider Report for AEye, Inc. (LIDR)

Role: Chief Executive Officer, Director
Signature: Andrew S. Hughes, by power of attorney filed herewith
Stock symbol: LIDR
Transactions as of: Feb 13, 2023
Transactions value $: $0
Form type: 4
Date filed: 2/15/2023, 04:39 PM
Previous filing: Nov 15, 2022
Next filing: Mar 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LIDR	Common Stock	Award	$0	+5M		$0.00	5M	Feb 13, 2023	Direct	F1
transaction	LIDR	Common Stock	Award	$0	+2M	+40%	$0.00	7M	Feb 13, 2023	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents restricted stock units which convert into common stock on a one-for-one basis at vesting. The Reporting Person received an incentive award of 5,000,000 service-based restricted stock units ("RSUs") which will vest as follows: 500,000 on March 15, 2023, 1,125,000 on February 15, 2024, and then in equal quarterly installments over the next twelve (12) calendar quarters on the 15th day of the second month of each calendar quarter.
F2	Represents restricted stock units which convert into common stock on a one-for-one basis at vesting. The Reporting Person received a performance based award of 2,000,000 RSUs, which will vest quarterly over six (6) calendar quarters on the 15th day of the second month of each calendar quarter following the satisfaction of the Performance Condition (defined below). The Performance Condition will be satisfied if the closing price of the Company's common stock, as reported by NASDAQ (or other recognized national exchange on which the Company's common stock is then traded), meets or exceeds $1.20 per share (adjusted for any stock splits or other corporate actions) for any ten (10) consecutive trading days prior to March 1, 2024 (the "Performance Condition"). If the Performance Condition is not satisfied, the performance based RSUs will be forfeited.

Content

Represents restricted stock units which convert into common stock on a one-for-one basis at vesting. The Reporting Person received an incentive award of 5,000,000 service-based restricted stock units ("RSUs") which will vest as follows: 500,000 on March 15, 2023, 1,125,000 on February 15, 2024, and then in equal quarterly installments over the next twelve (12) calendar quarters on the 15th day of the second month of each calendar quarter.

Represents restricted stock units which convert into common stock on a one-for-one basis at vesting. The Reporting Person received a performance based award of 2,000,000 RSUs, which will vest quarterly over six (6) calendar quarters on the 15th day of the second month of each calendar quarter following the satisfaction of the Performance Condition (defined below). The Performance Condition will be satisfied if the closing price of the Company's common stock, as reported by NASDAQ (or other recognized national exchange on which the Company's common stock is then traded), meets or exceeds $1.20 per share (adjusted for any stock splits or other corporate actions) for any ten (10) consecutive trading days prior to March 1, 2024 (the "Performance Condition"). If the Performance Condition is not satisfied, the performance based RSUs will be forfeited.