Taylor C. Harris - 18 Aug 2023 Form 4 Insider Report for CUTERA INC (CUTR)

Role: Director
Signature: /s/ Taylor C. Harris
Issuer symbol: CUTR
Transactions as of: 18 Aug 2023
Transactions value $: $0
Form type: 4
Filing time: 22 Aug 2023, 17:27:14 UTC
Previous filing: 16 Jun 2023
Next filing: 30 Aug 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CUTR	Common Stock	Award	$0	+249,336		$0	249,336	18 Aug 2023	Direct	F1

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	CUTR	Stock Option (Right to Buy)	Award	$0	+735,295		$0	735,295	18 Aug 2023	Common Stock	735,295	$11.02	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Grant of Restricted Stock Units (RSU's) that will entitle the Reporting Person to receive one share of Common Stock per one RSU. One-fourth of the RSUs shall vest on August 7, 2024 and 1/12 of the RSUs shall vest each quarter thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F2	One-fourth of the shares subject to the option will be eligible to vest upon the date the 30 calendar-day trailing average closing price of the Company's Common Stock first meets each of the following levels within four years of the grant date: $20.00, $25.00, $30.00, and $35.00. Once a level is attained, one-fourth of the options subject to such tranche will vest on the later of (i) the date such level is attained or (ii) August 7, 2024. The remaining options in such tranche will vest over the next 12 quarters, subject to the Reporting Person continuing as a service provider through each such date.

Content

Grant of Restricted Stock Units (RSU's) that will entitle the Reporting Person to receive one share of Common Stock per one RSU. One-fourth of the RSUs shall vest on August 7, 2024 and 1/12 of the RSUs shall vest each quarter thereafter, subject to the Reporting Person continuing as a service provider through each such date.

One-fourth of the shares subject to the option will be eligible to vest upon the date the 30 calendar-day trailing average closing price of the Company's Common Stock first meets each of the following levels within four years of the grant date: $20.00, $25.00, $30.00, and $35.00. Once a level is attained, one-fourth of the options subject to such tranche will vest on the later of (i) the date such level is attained or (ii) August 7, 2024. The remaining options in such tranche will vest over the next 12 quarters, subject to the Reporting Person continuing as a service provider through each such date.