Brian Soller - 15 Mar 2022 Form 4 Insider Report for LUNA INNOVATIONS INC

Role: Chief Operating Officer
Signature: /s/ Scott A. Graeff, Attorney-In-Fact
Issuer symbol: LUNA on OTC
Transactions as of: 15 Mar 2022
Net transactions value: -$17,458
Form type: 4
Filing time: 17 Mar 2022, 16:50:50 UTC
Previous filing: 31 Jan 2022
Next filing: 17 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LUNA	Common Stock	Award	$0	+8,000	+5.2%	$0.000000	160,582	15 Mar 2022	Direct	F1
transaction	LUNA	Common Stock	Tax liability	$17,458	-2,408	-1.5%	$7.25	158,174	15 Mar 2022	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents the satisfaction of the performance-based vesting condition with respect to a long-term, performance-based restricted stock unit award granted to the reporting person on January 14, 2019, based on the Issuer's 2021 financial results. The number of shares reported reflects the extent of such achievement. In light of the performance-based vesting conditions of the award, such award was not reportable under Section 16 until vesting was determined, which occurred on March 15, 2022.
F2	The shares were repurchased by the Issuer pursuant to the election of the holder to satisfy the reporting person's tax withholding obligations in connection with the vesting and settlement of the restricted stock unit award reported in footnote (1) herein.

Content

Represents the satisfaction of the performance-based vesting condition with respect to a long-term, performance-based restricted stock unit award granted to the reporting person on January 14, 2019, based on the Issuer's 2021 financial results. The number of shares reported reflects the extent of such achievement. In light of the performance-based vesting conditions of the award, such award was not reportable under Section 16 until vesting was determined, which occurred on March 15, 2022.

The shares were repurchased by the Issuer pursuant to the election of the holder to satisfy the reporting person's tax withholding obligations in connection with the vesting and settlement of the restricted stock unit award reported in footnote (1) herein.