JOHN JOHNSON - 01 Jun 2022 Form 4 Insider Report for Axogen, Inc. (AXGN)

Role: Director
Signature: John Johnson
Issuer symbol: AXGN
Transactions as of: 01 Jun 2022
Net transactions value: $0
Form type: 4
Filing time: 03 Jun 2022, 16:14:05 UTC
Previous filing: 20 Dec 2022
Next filing: 09 Jun 2022
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	AXGN	Employee Stock Option (right to purchase)	Award	$0	+11,811		$0.000000	11,811	01 Jun 2022	Common Stock	11,811	$9.29	Direct	F1
transaction	AXGN	Restricted Stock Units	Award	$0	+6,459		$0.000000	6,459	01 Jun 2022	Common Stock	6,459		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Annual equity grant for service as Director on the Axogen, Inc. Board of Directors. The number of shares pursuant to the equity grant is based on a $120,000 valuation as of the grant date and vests on June 1, 2023, one year anniversary of the grant date. One-half of the annual equity grant value is in the form of non-qualified stock options and one-half of the annual equity grant value is in the form of restricted stock units.
F2	Each restricted stock unit represents a contingent right to receive one share of Axogen, Inc. common stock.

Content

Annual equity grant for service as Director on the Axogen, Inc. Board of Directors. The number of shares pursuant to the equity grant is based on a $120,000 valuation as of the grant date and vests on June 1, 2023, one year anniversary of the grant date. One-half of the annual equity grant value is in the form of non-qualified stock options and one-half of the annual equity grant value is in the form of restricted stock units.

Each restricted stock unit represents a contingent right to receive one share of Axogen, Inc. common stock.