Robert T. Yoder - 14 Sep 2024 Form 4 Insider Report for TREVENA INC (TRVN)

Signature
/s/ Barry Shin, as Attorney-in-Fact
Issuer symbol
TRVN
Transactions as of
14 Sep 2024
Transactions value $
-$2,898
Form type
4
Filing time
17 Sep 2024, 18:36:47 UTC
Previous filing
15 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRVN Common Stock Tax liability -$2.9K -487 -7.66% $5.95 5.87K 14 Sep 2024 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transaction reported represents the withholding of shares by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the non-reportable vesting and settlement of restricted stock units ("RSUs").
F2 These are shares withheld in connection with the non-reportable accelerated vesting and settlement of (i) RSUs granted on December 17, 2020, December 2, 2021, January 6, 2023, and December 14, 2023, and (ii) performance stock units ("PSUs") granted on January 6, 2023. The RSUs and PSUs were subject to accelerated vesting, pursuant to the terms of the Reporting Person's employment agreement with the Issuer, as of the date of the termination of such agreement and transition to a new agreement.
F3 The Issuer effected a 1-for-25 reverse stock split of its common stock on Auust 13, 2024. The number of securities reported on this Form 4 has been adjusted to reflect the reverse stock split.