Key facts
- This page summarizes Trit Garg's Form 4 filing for Eargo, Inc..
- 2 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 20 Feb 2024, 17:47.
Trit Garg - 16 Feb 2024 Form 4 Insider Report for Eargo, Inc.
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 16 Feb 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 20 Feb 2024, 17:47:43 UTC
- Prior SEC filing
- 09 Jun 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Christy La Pierre, Attorney-in-Fact for Trit Garg
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Trit Garg filed Form 4 for Eargo, Inc. on 20 Feb 2024.
Change
- Previous filing in this sequence was filed on 09 Jun 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
EAR
transaction
Derivative
Stock Options (Right to Buy)
Disposed to Issuer
- Transaction value
- Shares
- -5,859
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 16 Feb 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 5,859
- Exercise price
- Footnotes
- F1, F2
EAR
transaction
Derivative
Stock Options (Right to Buy)
Disposed to Issuer
- Transaction value
- Shares
- -5,000
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 16 Feb 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 5,000
- Exercise price
- Footnotes
- F1, F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Trit Garg is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 2 footnotes
Footnote F1
Pursuant to the Agreement and Plan of Merger, dated October 29, 2023, by and among PSC Echo Parent LLC, PSC Echo Merger Sub Inc., and Eargo (the "Merger Agreement"), at the effective time of the merger (the "Effective Time"), each award of Eargo stock options ("Options") held by the reporting person and granted under the Eargo, Inc. 2020 Incentive Award Plan or the Eargo, Inc. 2010 Equity Incentive Plan that was outstanding and unexercised immediately prior to or upon the Effective Time, whether vested or unvested, was cancelled, with the holder of such Option becoming entitled to receive an amount in cash, without interest and subject to applicable tax withholding, equal to the product obtained by multiplying (i) the excess, if any, of the merger consideration of $2.55 per share in cash (the "Merger Consideration") over the per share exercise price of such Option, by
Footnote F2
(ii) the number of share of Eargo common stock (the "Shares") covered by such Option immediately prior to and upon the Effective Time, with any Options that have a per share exercise price that is greater than or equal to the Merger Consideration being cancelled for no consideration as of the Effective Time.