Stuart Drummond - 15 Jul 2024 Form 4 Insider Report for CUTERA INC (CUTRQ)

Role
Interim CFO
Signature
/s/ Stuart Drummond
Issuer symbol
CUTRQ
Transactions as of
15 Jul 2024
Net transactions value
$0
Form type
4
Filing time
17 Jul 2024, 21:33:05 UTC
Previous filing
02 Jul 2024
Next filing
23 Jul 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 -2,949 -100% $0.000000* 0 15 Jul 2024 COMMON STOCK 2,949 $33.45 Direct F1
transaction CUTR Stock Option (Right to Buy) Award $0 +2,949 $0.000000 2,949 15 Jul 2024 COMMON STOCK 2,949 $1.54 Direct F1, F2
transaction CUTR Stock Option (Right to Buy) Disposed to Issuer $0 -2,519 -100% $0.000000* 0 15 Jul 2024 COMMON STOCK 2,519 $19.44 Direct F3
transaction CUTR Stock Option (Right to Buy) Award $0 +2,519 $0.000000 2,519 15 Jul 2024 COMMON STOCK 2,519 $1.54 Direct F2, 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 F2, F4
transaction CUTR Stock Option (Right to Buy) Disposed to Issuer $0 -25,000 -100% $0.000000* 0 15 Jul 2024 COMMON STOCK 25,000 $2.23 Direct F5
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 F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One-fourth of the shares subject to the option vested on January 1, 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.
F2 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.
F3 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.
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 shares 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.