Cheryl R. Blanchard - 26 Apr 2023 Form 4 Insider Report for Anika Therapeutics, Inc. (ANIK)

Role: President, CEO, Director, Director
Signature: /s/ Cheryl R. Blanchard
Issuer symbol: ANIK
Transactions as of: 26 Apr 2023
Net transactions value: -$287,106
Form type: 4
Filing time: 28 Apr 2023, 16:30:20 UTC
Previous filing: 14 Mar 2023
Next filing: 09 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ANIK	Common Stock	Options Exercise	$0	+24,575	+24%	$0.000000	125,155	26 Apr 2023	Direct	F1
transaction	ANIK	Common Stock	Tax liability	$287,106	-10,900	-8.7%	$26.34	114,255	26 Apr 2023	Direct	F2, F3
holding	ANIK	Common Stock						11,742	26 Apr 2023	Revocable Trust	F4

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	ANIK	Restricted Stock Unit	Options Exercise	$0	-24,575	-100%	$0.000000^*	0	26 Apr 2023	Common Stock	24,575	$0.000000	Direct	F5

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

Explanation of Responses:

Id	Content
F1	Reflects the third and final vesting installment of Restricted Stock Units (RSUs) granted on April 26, 2020.
F2	Reflects an aggregate of 10,900 shares of common stock retained by the Issuer to satisfy tax withholding obligations with respect to RSUs that vested on April 26, 2023.
F3	Reflects the closing price of ANIK common stock on April 26, 2023, the trading day on which the vesting of RSUs gave rise to tax withholding obligations.
F4	Consists of shares transferred by Dr. Blanchard to The Cheryl R. Blanchard Amended and Restated Revocable Trust dated December 19, 2014, of which Dr. Blanchard is a beneficiary and the sole trustee.
F5	Each RSU represents the contingent right to receive one share of the Company's common stock. The RSUs vest in three equal annual installments beginning April 26, 2021.