RICHARD ROEDEL - 24 May 2023 Form 4 Insider Report for LUNA INNOVATIONS INC (LUNA)

Role
Director
Signature
/s/ Scott A. Graeff, Attorney-In-Fact
Issuer symbol
LUNA
Transactions as of
24 May 2023
Transactions value $
$0
Form type
4
Filing time
26 May 2023, 16:27:52 UTC
Previous filing
16 May 2023
Next filing
05 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 LUNA Stock Units Award $0 +12,739 +30.2% $0.000000 54,919 24 May 2023 Common Stock 12,739 Direct F1, F2, F3
holding LUNA Stock Units 296,478 24 May 2023 Common Stock 296,478 By spousal trust F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of stock units that are convertible into issuer's common stock on a 1-for-1 basis.
F2 This grant was awarded in connection with Mr. Roedel's service as chair of the board of directors, pursuant to the issuer's non-employee director compensation policy. The number of stock units awarded is equal to the amount of $113,000 divided by $8.87, the closing price of the issuer's stock on the Nasdaq Capital Market on May 24, 2023, the date of grant.
F3 The stock units vest upon the earlier of the one year anniversary of the grant date or the issuer's annual meeting of stockholder's, and subject to vesting, will become issuable in common stock of the issuer at the election of the Reporting Person upon the earliest to occur of the Reporting Person's termination of service, a change in control of the issuer, an unforeseeable emergency, or a fixed date selected by the Reporting Person. The stock units have no expiration date.