Jaye Thompson - 22 Jun 2022 Form 4 Insider Report for Greenwich LifeSciences, Inc. (GLSI)

Signature
/s/ Jaye Thompson
Issuer symbol
GLSI
Transactions as of
22 Jun 2022
Transactions value $
$0
Form type
4
Filing time
24 Jun 2022, 08:14:46 UTC
Previous filing
20 Apr 2022
Next filing
06 Dec 2022

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 GLSI Stock Options Award $0 +149,818 $0.000000 149,818 22 Jun 2022 Common Stock 149,818 $7.63 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options vest over time and pursuant to milestones. 3,121 of the options vest each month for 48 months contingent on the Company meeting certain performance milestones. The Reporting Person is eligible to exercise (i) 25% after the first site is activated for the Phase 3 clinical trial, (ii) 50% after completion of interim analysis of the Phase 3 clinical trial and (iii) 25% upon filing of Biologic License Application with the US Food and Drug Administration.