Thomas Tu - Feb 19, 2025 Form 4 Insider Report for Inari Medical, Inc. (NARI)

Signature
/s/ Shannon Trevino, attorney-in-fact for Thomas Tu
Stock symbol
NARI
Transactions as of
Feb 19, 2025
Transactions value $
$0
Form type
4
Date filed
2/19/2025, 08:22 PM
Previous filing
Feb 12, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NARI Common Stock Award +7.41K +1.57% 479K Feb 19, 2025 Direct F1
transaction NARI Common Stock Disposition pursuant to a tender of shares in a change of control transaction -479K -100% 0 Feb 19, 2025 Direct F2, F3

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 NARI Stock Option Disposed to Issuer -16.6K -100% 0 Feb 19, 2025 Common Stock 16.6K $56.00 Direct F4
transaction NARI Stock Options (Right to Buy) Disposed to Issuer -16.2K -100% 0 Feb 19, 2025 Common Stock 16.2K $58.44 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Thomas Tu is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Merger Agreement (as defined in footnote 2 below), at the Effective Time (as defined in footnote 2 below), these performance-based restricted stock units vested on deemed achievement of maximum performance.
F2 Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated January 6, 2025, by and among Stryker Corporation ("Parent"), Eagle 1 Merger Sub, Inc. ("Merger Sub"), and Inari Medical, Inc. ("Issuer") on February 19, 2025 (the "Effective Time"), Merger Sub merged with and into Issuer, with Issuer surviving as a wholly owned subsidiary of Parent upon consummation of the transactions contemplated by the Merger Agreement. At the Effective Time, each outstanding share of common stock of the Issuer ("Common Stock") was cancelled and converted into the right to receive $80.00 in cash (the "Merger Consideration"), without interest.
F3 Includes 55,307 restricted stock units ("RSUs"). At the Effective Time, each outstanding award of RSUs was canceled and converted into the right to receive an amount in cash equal to the product of the aggregate number of shares of Common Stock underlying such RSU immediately prior to the Effective Time, multiplied by the Merger Consideration
F4 At the Effective Time, each outstanding option, whether vested or unvested, was cancelled and converted into the right to receive an amount of cash equal to the product of (i) the aggregate number of shares of Common Stock underlying such option immediately prior to the Effective Time, multiplied by (ii) the amount, if any, by which the Merger Consideration exceeds the exercise price per share of such option, subject to any applicable withholding taxes and in accordance with the terms of the Merger Agreement.