Michael Handley - Feb 21, 2025 Form 4 Insider Report for Tivic Health Systems, Inc. (TIVC)

Role
Chief Operating Officer
Signature
/s/ Michael Handley
Stock symbol
TIVC
Transactions as of
Feb 21, 2025
Transactions value $
$0
Form type
4
Date filed
2/24/2025, 05:01 PM
Previous filing
Feb 24, 2025
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 TIVC Restricted Stock Units Award $0 +600K $0.00 600K Feb 21, 2025 Common Stock 600K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit is convertible into one share of common stock.
F2 Represents 600,000 restricted stock units granted to the Reporting Person outside of the Issuer's Amended and Restated 2021 Equity Incentive Plan (the "Plan"), in connection with, and as a material inducement to, the hiring and appointment of the Reporting Person as Chief Operating Officer of the Issuer.
F3 Twenty percent (25%) of the Restricted Stock Units will vest upon the one (1) year anniversary of the Vesting Commencement Date, and the balance of the Restricted Stock Units will be vested in a series of twelve (12) successive equal quarterly installments measured from the first anniversary of the Vesting Commencement Date such that one hundred percent (100%) of the Restricted Stock Units shall have vested on the fourth anniversary of the Vesting Commencement Date.