Michael F. Marino III - 15 Sep 2022 Form 4 Insider Report for OptiNose, Inc. (OPTN)

Role
Chief Legal Officer & Corp Sec
Signature
/s/ Anthony Krick, Attorney-in-Fact
Issuer symbol
OPTN
Transactions as of
15 Sep 2022
Net transactions value
-$9,717
Form type
4
Filing time
20 Sep 2022, 17:37:46 UTC
Previous filing
17 Jun 2022
Next filing
19 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPTN Common Stock Award $0 +3,816 +2.1% $0.000000 187,262 15 Sep 2022 Direct F1, F2
transaction OPTN Common Stock Sale $5,620 -1,583 -0.85% $3.55 185,679 16 Sep 2022 Direct F3
transaction OPTN Common Stock Sale $4,098 -1,151 -0.62% $3.56 184,528 20 Sep 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the grant of performance-based restricted stock units (Performance RSUs) on March 6, 2020. Fifty percent (50%) of the Performance RSUs vested on June 15, 2022, upon achievement of certain milestones in connection with the Company's development programs. The balance vests in eight equal quarterly installments, subject to continued service with the Issuer. Each Performance RSU represents the right to receive one share of common stock of OptiNose, Inc.
F2 Includes 14,160 shares acquired under the Optinose, Inc. 2017 Employee Stock Purchase Plan on June 30, 2022 at a price of $1.50
F3 Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of restricted share units. This sale is mandated by the issuer's award agreement under its equity incentive plan to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.