Michael Karavitis - 15 Jul 2024 Form 4 Insider Report for CUTERA INC (CUTRQ)

Role: EVP, Chief Technology Officer
Signature: /s/ Michael Karavitis
Issuer symbol: CUTRQ
Transactions as of: 15 Jul 2024
Net transactions value: $0
Form type: 4
Filing time: 17 Jul 2024, 21:32:54 UTC
Previous filing: 02 Jul 2024
Next filing: 02 Aug 2024
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	CUTR	Stock Option (Right to Buy)	Disposed to Issuer	$0	-20,000	-100%	$0.000000^*	0	15 Jul 2024	COMMON STOCK	20,000	$39.30	Direct
transaction	CUTR	Stock Option (Right to Buy)	Award	$0	+20,000		$0.000000	20,000	15 Jul 2024	COMMON STOCK	20,000	$1.54	Direct	F1
transaction	CUTR	Stock Option (Right to Buy)	Disposed to Issuer	$0	-7,499	-100%	$0.000000^*	0	15 Jul 2024	COMMON STOCK	7,499	$32.87	Direct	F2
transaction	CUTR	Stock Option (Right to Buy)	Award	$0	+7,499		$0.000000	7,499	15 Jul 2024	COMMON STOCK	7,499	$1.54	Direct	F1, F2
transaction	CUTR	Stock Option (Right to Buy)	Disposed to Issuer	$0	-8,849	-100%	$0.000000^*	0	15 Jul 2024	COMMON STOCK	8,849	$33.45	Direct	F3
transaction	CUTR	Stock Option (Right to Buy)	Award	$0	+8,849		$0.000000	8,849	15 Jul 2024	COMMON STOCK	8,849	$1.54	Direct	F1, F3
transaction	CUTR	Stock Option (Right to Buy)	Disposed to Issuer	$0	-25,000	-100%	$0.000000^*	0	15 Jul 2024	COMMON STOCK	25,000	$2.11	Direct	F4
transaction	CUTR	Stock Option (Right to Buy)	Award	$0	+25,000		$0.000000	25,000	15 Jul 2024	COMMON STOCK	25,000	$1.54	Direct	F1, F4
transaction	CUTR	Stock Option (Right to Buy)	Disposed to Issuer	$0	-55,000	-100%	$0.000000^*	0	15 Jul 2024	COMMON STOCK	55,000	$2.23	Direct	F5
transaction	CUTR	Stock Option (Right to Buy)	Award	$0	+55,000		$0.000000	55,000	15 Jul 2024	COMMON STOCK	55,000	$1.54	Direct	F1, F5
transaction	CUTR	Stock Option (Right to Buy)	Disposed to Issuer	$0	-11,450	-100%	$0.000000^*	0	15 Jul 2024	COMMON STOCK	11,450	$19.44	Direct	F6
transaction	CUTR	Stock Option (Right to Buy)	Award	$0	+11,450		$0.000000	11,450	15 Jul 2024	COMMON STOCK	11,450	$1.54	Direct	F1, F6

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

Explanation of Responses:

Id	Content
F1	On July 15, 2024, the Issuer's Board of Directors approved an option repricing (the "Repricing") whereby the Reporting Person's options were repriced to an exercise price of $1.54 per share. All of the other terms of the options remain unchanged. Such transactions were exempt pursuant to Rule 16b-6(d) and Rule 16b-3 of the Exchange Act, as applicable.
F2	One-fourth of the shares subject to the option vested on February 12, 2022, and 1/48 of the shares subject to the option shall vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F3	One-fourth of the shares subject to the option vested on February 20, 2023, and 1/48 of the shares subject to the option shall vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F4	50% of the shares subject to the option shall vest on November 21, 2024 and then 1/24 monthly thereafter for 12 months, subject to the Reporting Person continuing to be a service provider through each such date.
F5	The share subject to the option shall vest 1/48 per month from April 25, 2024, subject to the Reporting Person continuing to be a service provider through each such date.
F6	One-fourth of the shares subject to the option vested on January 1, 2024, and 1/48 of the shares subject to the option shall vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.