Glenn Sblendorio - 18 Dec 2022 Form 4 Insider Report for IVERIC bio, Inc. (ISEE)

Role: CEO, Director
Signature: /s/ Todd D.C. Anderman, as Attorney-in-Fact for Glenn P. Sblendorio
Issuer symbol: ISEE
Transactions as of: 18 Dec 2022
Transactions value $: -$418,520
Form type: 4
Filing time: 20 Dec 2022, 18:02:59
Previous filing: 13 Dec 2022
Next filing: 22 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ISEE	Common Stock	Options Exercise	$0	+36.7K	+16.15%	$0.00	264K	18 Dec 2022	Direct	F1
transaction	ISEE	Common Stock	Sale	-$419K	-19.5K	-7.38%	$21.51	244K	19 Dec 2022	Direct	F2, F3

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	ISEE	Restricted Stock Units	Options Exercise	$0	-36.7K	-33.33%	$0.00	73.3K	18 Dec 2022	Common Stock	36.7K		Direct	F1, F4

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

Explanation of Responses:

Id	Content
F1	Restricted stock units converted into common stock on a one-for-one basis upon vesting of the units.
F2	Represents shares automatically sold pursuant to the prespecified terms of the applicable Restricted Stock Unit Agreement to satisfy the Reporting Person's minimum statutory withholding obligations with respect to the income recognized by the Reporting Person upon the vesting of the restricted stock units on December 18, 2022.
F3	The sale price of the Reporting Person's shares represents the weighted average price of all shares sold by a broker in multiple transactions effected at prices ranging from $21.19 to $21.95 on December 19, 2022 on behalf of a group of employees of the Registrant to satisfy the payment of withholding tax liability of such employees. The Reporting Person undertakes to provide upon request by the staff of the Securities Exchange Commission, the Registrant or a security holder of the Registrant, information regarding the number of shares sold at each price within the range.
F4	On December 18, 2020, the Reporting Person was granted an award of 146,630 restricted stock units, which vest with respect to 25% of the shares subject to the award on each of the first, second, third and fourth anniversaries of the grant date, subject to continued employment with the Registrant and the other terms and conditions under the Registrant's 2013 Stock Incentive Plan.