Richard Stewart - Jan 13, 2025 Form 4 Insider Report for ACHIEVE LIFE SCIENCES, INC. (ACHV)

Role
Chieve Executive Officer, Director
Signature
Sandra Thomson as attorney-in-fact for Richard Stewart
Stock symbol
ACHV
Transactions as of
Jan 13, 2025
Transactions value $
$0
Form type
4
Date filed
1/14/2025, 04:43 PM
Previous filing
Apr 23, 2024
Next filing
Mar 19, 2025
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 ACHV Performance Restricted Stock Unit (PRSU) Award $0 +158K $0.00 158K Jan 13, 2025 Common Stock 158K Direct F1, F2
transaction ACHV Stock Option (right to buy) Award $0 +67.5K $0.00 67.5K Jan 13, 2025 Common Stock 67.5K $3.32 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each PRSU represents a contingent right to receive one share of the issuer's common stock at settlement.
F2 Pursuant to the terms of the award agreement governing the PRSU, the total number of shares underlying the PRSU vest on the achievement of one of certain milestones being met. The PRSUs will lapse in full if achievement of at least one of the milestones is not met.
F3 The option will vest as to 1/3 of the total award on the first anniversary of August 26, 2024, and thereafter in substantially equal monthly installments over 24 months, subject to the Reporting Person's provision of service to the Issuer on each vesting date.