Lisa Ellen Porter - 30 Aug 2022 Form 4 Insider Report for Vivani Medical, Inc. (VANI)

Role
Chief Medical Officer
Signature
/s/ Lisa E. Porter
Issuer symbol
VANI
Transactions as of
30 Aug 2022
Net transactions value
$0
Form type
4
Filing time
31 Aug 2022, 18:20:51 UTC
Next filing
23 Jan 2023
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 VANI Common Stock Option Other $0 +241,493 $0.000000 241,493 30 Aug 2022 Common Stock 241,493 $3.15 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the replacement option to be issued by Vivani Medical, Inc. (f/k/a Second Sight Medical Products, Inc.) at the effective time of the merger acquisition thereof, pursuant to the terms of the Agreement and Plan of Merger entered into on February 4, 2022.
F2 The option vests 1/48 per month over the four years after the date of grant commencing on January 6, 2020, and the balance thereafter vests in full on the fifth anniversary of the date of grant.