Michael Karavitis - 15 Jul 2024 Form 4 Insider Report for CUTERA INC (CUTRQ)

Reporting relationship: EVP, Chief Technology Officer
Issuer ticker: CUTRQ
Reported as of: 15 Jul 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 17 Jul 2024, 21:32:54 UTC
Prior SEC filing: 02 Jul 2024
Next SEC filing: 02 Aug 2024
Source filing: View source filing
Reporting owner signature: /s/ Michael Karavitis

Key filing fact

Michael Karavitis filed Form 4 for CUTERA INC (CUTRQ) on 17 Jul 2024.

Key facts

This page summarizes Michael Karavitis's Form 4 filing for CUTERA INC (CUTRQ).
12 reported transactions and 12 derivative rows are listed below.
Accepted by SEC: 17 Jul 2024, 21:32.

Change

Previous filing in this sequence was filed on 02 Jul 2024.
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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CUTR transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -20,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 15 Jul 2024
Ownership: Direct
Underlying class: COMMON STOCK
Underlying amount: 20,000
Exercise price: $39.30

CUTR transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value: $0
Shares: +20,000
Change %
Price: $0.000000
Shares after: 20,000
Date: 15 Jul 2024
Ownership: Direct
Underlying class: COMMON STOCK
Underlying amount: 20,000
Exercise price: $1.54
Footnotes: F1

CUTR transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -7,499
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 15 Jul 2024
Ownership: Direct
Underlying class: COMMON STOCK
Underlying amount: 7,499
Exercise price: $32.87
Footnotes: F2

CUTR transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value: $0
Shares: +7,499
Change %
Price: $0.000000
Shares after: 7,499
Date: 15 Jul 2024
Ownership: Direct
Underlying class: COMMON STOCK
Underlying amount: 7,499
Exercise price: $1.54
Footnotes: F1, F2

CUTR transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -8,849
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 15 Jul 2024
Ownership: Direct
Underlying class: COMMON STOCK
Underlying amount: 8,849
Exercise price: $33.45
Footnotes: F3

CUTR transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value: $0
Shares: +8,849
Change %
Price: $0.000000
Shares after: 8,849
Date: 15 Jul 2024
Ownership: Direct
Underlying class: COMMON STOCK
Underlying amount: 8,849
Exercise price: $1.54
Footnotes: F1, F3

CUTR transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -25,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 15 Jul 2024
Ownership: Direct
Underlying class: COMMON STOCK
Underlying amount: 25,000
Exercise price: $2.11
Footnotes: F4

CUTR transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value: $0
Shares: +25,000
Change %
Price: $0.000000
Shares after: 25,000
Date: 15 Jul 2024
Ownership: Direct
Underlying class: COMMON STOCK
Underlying amount: 25,000
Exercise price: $1.54
Footnotes: F1, F4

CUTR transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -55,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 15 Jul 2024
Ownership: Direct
Underlying class: COMMON STOCK
Underlying amount: 55,000
Exercise price: $2.23
Footnotes: F5

CUTR transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value: $0
Shares: +55,000
Change %
Price: $0.000000
Shares after: 55,000
Date: 15 Jul 2024
Ownership: Direct
Underlying class: COMMON STOCK
Underlying amount: 55,000
Exercise price: $1.54
Footnotes: F1, F5

CUTR transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -11,450
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 15 Jul 2024
Ownership: Direct
Underlying class: COMMON STOCK
Underlying amount: 11,450
Exercise price: $19.44
Footnotes: F6

CUTR transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value: $0
Shares: +11,450
Change %
Price: $0.000000
Shares after: 11,450
Date: 15 Jul 2024
Ownership: Direct
Underlying class: COMMON STOCK
Underlying amount: 11,450
Exercise price: $1.54
Footnotes: F1, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

On July 15, 2024, the Issuer's Board of Directors approved an option repricing (the "Repricing") whereby the Reporting Person's options were repriced to an exercise price of $1.54 per share. All of the other terms of the options remain unchanged. Such transactions were exempt pursuant to Rule 16b-6(d) and Rule 16b-3 of the Exchange Act, as applicable.

Footnote F2

One-fourth of the shares subject to the option vested on February 12, 2022, and 1/48 of the shares subject to the option shall vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.

Footnote F3

One-fourth of the shares subject to the option vested on February 20, 2023, and 1/48 of the shares subject to the option shall vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.

Footnote F4

50% of the shares subject to the option shall vest on November 21, 2024 and then 1/24 monthly thereafter for 12 months, subject to the Reporting Person continuing to be a service provider through each such date.

Footnote F5

The share subject to the option shall vest 1/48 per month from April 25, 2024, subject to the Reporting Person continuing to be a service provider through each such date.

Footnote F6

One-fourth of the shares subject to the option vested on January 1, 2024, and 1/48 of the shares subject to the option shall vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.