Donald J. Spence - 07 Jun 2023 Form 4 Insider Report for Eargo, Inc. (EAR)

Role: Director
Signature: /s/ Christy La Pierre, Attorney-in-Fact for Donald J. Spence
Issuer symbol: EAR
Transactions as of: 07 Jun 2023
Transactions value $: $0
Form type: 4
Filing time: 09 Jun 2023, 16:15:35 UTC
Previous filing: 26 May 2023
Next filing: 28 Jul 2023
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	EAR	Stock Option (Right to Buy)	Award	$0	+5,000		$0	5,000	07 Jun 2023	Common Stock	5,000	$5.27	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The Stock Option vests and becomes exercisable as to 1/12th of the underlying shares on each monthly anniversary of the date of the grant, provided, that if the Company's annual meeting immediately following the date of grant takes place prior to the first anniversary of the date of grant, the Stock Option will vest and become exercisable immediately prior to the Company's annual meeting following the date of grant, subject to the Reporting Person's continued service through the applicable vesting date.

Content

The Stock Option vests and becomes exercisable as to 1/12th of the underlying shares on each monthly anniversary of the date of the grant, provided, that if the Company's annual meeting immediately following the date of grant takes place prior to the first anniversary of the date of grant, the Stock Option will vest and become exercisable immediately prior to the Company's annual meeting following the date of grant, subject to the Reporting Person's continued service through the applicable vesting date.