Patricia M. Drake - 10 Nov 2021 Form 4 Insider Report for TREVENA INC (TRVN)

Role: SVP, Chief Commercial Officer
Signature: /s/ Jennifer Keyser, as Attorney-in-Fact
Issuer symbol: TRVN
Transactions as of: 10 Nov 2021
Net transactions value: $0
Form type: 4
Filing time: 12 Nov 2021, 18:08:18 UTC
Previous filing: 03 Jun 2021
Next filing: 03 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TRVN	Common Stock	Award	$0	+215,000		$0.000000	215,000	10 Nov 2021	Direct	F1

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	TRVN	Stock Option (Right to Buy)	Award	$0	+230,000		$0.000000	230,000	10 Nov 2021	Common Stock	230,000	$0.9300	Direct	F2

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

Explanation of Responses:

Id	Content
F1	These shares are represented by restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of common stock of the Issuer. The shares underlying the RSUs shall vest in four (4) equal annual installments on each of November 10, 2022, November 10, 2023, November 10, 2024 and November 10, 2025, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2013 Equity Incentive Plan, as amended (the "Plan")) as of each such vesting date.
F2	The option shall vest and become exercisable with respect to one-sixteenth of the total number of shares subject to the option on a quarterly basis (every three) months from the Transaction Date listed above, subject to the Reporting Person's Continuous Service (as defined in the Plan) as of each such vesting date.

Content

These shares are represented by restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of common stock of the Issuer. The shares underlying the RSUs shall vest in four (4) equal annual installments on each of November 10, 2022, November 10, 2023, November 10, 2024 and November 10, 2025, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2013 Equity Incentive Plan, as amended (the "Plan")) as of each such vesting date.

The option shall vest and become exercisable with respect to one-sixteenth of the total number of shares subject to the option on a quarterly basis (every three) months from the Transaction Date listed above, subject to the Reporting Person's Continuous Service (as defined in the Plan) as of each such vesting date.