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

Signature
/s/ Michael Handley
Issuer symbol
TIVC
Transactions as of
21 Feb 2025
Transactions value $
$0
Form type
4
Filing time
24 Feb 2025, 17:01:03 UTC
Previous filing
24 Feb 2025
Next filing
22 Aug 2025

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 +600,000 $0 600,000 21 Feb 2025 Common Stock 600,000 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.