Michael J. Smith - Dec 2, 2022 Form 4 Insider Report for Sonendo, Inc. (SONX)

Role
Chief Commercial Officer
Signature
/s/ Michael J. Smith
Stock symbol
SONX
Transactions as of
Dec 2, 2022
Transactions value $
$0
Form type
4
Date filed
12/5/2022, 05:47 PM
Previous filing
Nov 16, 2022
Next filing
Dec 28, 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 SONX Stock Option Disposed to Issuer $0 -66.6K -100% $0.00* 0 Dec 2, 2022 Common Stock 66.6K $12.00 Direct F1, F2
transaction SONX Stock Option Award $0 +66.6K $0.00 66.6K Dec 2, 2022 Common Stock 66.6K $2.34 Direct F1, F2
transaction SONX Stock Option Disposed to Issuer $0 -214K -100% $0.00* 0 Dec 2, 2022 Common Stock 214K $11.52 Direct F1, F3
transaction SONX Stock Option Award $0 +214K $0.00 214K Dec 2, 2022 Common Stock 214K $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 June 22, 2021 and vested as to 25% of the underlying shares of Common Stock on June 21, 2022 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.