Nicole Zheng - 14 Dec 2021 Form 4/A - Amendment Insider Report for MINIM, INC. (MINM)

Role
President & CMO
Signature
/s/ Nicole Zheng
Issuer symbol
MINM
Transactions as of
14 Dec 2021
Transactions value $
$0
Form type
4/A - Amendment
Filing time
22 Feb 2022, 15:05:58 UTC
Date Of Original Report
16 Dec 2021
Previous filing
26 Aug 2021
Next filing
22 Feb 2022
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 MINM Restricted Stock Unit Award $0 +84.7K +84.14% $0.00 185K 14 Dec 2021 Common Stock 84.7K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Minim common stock The Restricted Stock Unit were issued pursuant to the Company's Omnibus Incentive Compensation Plan and has a vesting schedule as follows: One-fourth (1/4) of the Units will be deemed to become "Vested Units" on the first anniversary of date of the transaction date and one-sixteenth (1/16) of the Units will become Vested Units on each quarterly anniversary of the transaction date thereafter.
F2 The Form 4 filed on 12/16/2021, inadvertently gave the wrong number for the number of derivative securities beneficially owned following the reported transaction. This amendment fixes such error.
F3 Not Applicable.