Maydan Rothblum - 29 Sep 2023 Form 4 Insider Report for Glimpse Group, Inc. (VRAR)

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	VRAR	Stock Option	Disposed to Issuer	-$625,000	-250,000	-100%	$2.50	0	29 Sep 2023	Common Stock	250,000	$2.50	Direct	F1
transaction	VRAR	Stock Option	Award	$625,000	+250,000		$2.50	250,000	29 Sep 2023	Common Stock	250,000	$2.50	Direct	F2, F3

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

Id	Content
F1	On September 29, 2023, Mr. Rothblum voluntarily cancelled a previously issued stock option dated June 20, 2017, which cancelled a fully-vested option to purchase 250,000 shares of common stock with an exercise price of $2.50 per share.
F2	The newly granted option to purchase 250,000 shares of common stock at an exercise price of $2.50 is subject to a 75 month vesting schedule of 3,333 shares per month for 74 months (with the first vest occurring on October 29, 2023), and 3,358 vesting on the final month.
F3	The direct beneficial ownership set forth above does not include 3,528 shares indirectly held by Mr. Rothblum (through Mr. Rothblum's mother, Naomi Rothblum) and does not include: (i) 486,450 shares of common stock held by Mr. Rothblum; (ii) 70,180 fully-vested options to purchase common stock held by Mr. Rothblum; and (iii) 770,000 options to purchase common stock into which Mr. Rothblum may vest upon achieving certain performance milestones.