Andrew J. Kirkpatrick - 02 Dec 2022 Form 4 Insider Report for Sonendo, Inc. (SONX)

Signature
/s/ Andrew J. Kirkpatrick
Issuer symbol
SONX
Transactions as of
02 Dec 2022
Net transactions value
$0
Form type
4
Filing time
05 Dec 2022, 17:46:55 UTC
Previous filing
16 Nov 2022
Next filing
28 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 SONX Stock Option Disposed to Issuer $0 -56,431 -100% $0.000000* 0 02 Dec 2022 Common Stock 56,431 $12.00 Direct F1, F2
transaction SONX Stock Option Award $0 +56,431 $0.000000 56,431 02 Dec 2022 Common Stock 56,431 $2.34 Direct F1, F2
transaction SONX Stock Option Disposed to Issuer $0 -206,081 -100% $0.000000* 0 02 Dec 2022 Common Stock 206,081 $7.01 Direct F1, F3
transaction SONX Stock Option Award $0 +206,081 $0.000000 206,081 02 Dec 2022 Common Stock 206,081 $2.34 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transactions reported herein involved the repricing of the reporting person's outstanding options, resulting in the cancellation of the "old" options and the grant of replacement options. There were no changes to the number of shares, the vesting schedule or the expiration date of the repriced stock options.
F2 The option was originally granted on October 28, 2021 and vests in 16 equal quarterly installments beginning on October 28, 2021, subject to the reporting person's continued provision of service to the issuer on each vesting date.
F3 The option was originally granted on March 17, 2020 and vested as to 25% of the underlying shares of Common Stock on January 8, 2021 and with respect to the remaining shares in 36 equal monthly installments thereafter, subject to the reporting person's continued provision of service to the issuer on each vesting date.