Bertram Timothy 4
4 · PROKIDNEY CORP. · Filed Oct 24, 2022
Insider Transaction Report
Form 4
PROKIDNEY CORP.PROK
Bertram Timothy
DirectorChief Executive Officer
Transactions
- Award
Employee stock option (right to buy)
2022-10-20+3,639,607→ 3,639,607 totalExercise: $10.33Exp: 2032-10-20→ Class A Ordinary Shares (3,639,607 underlying)
Footnotes (1)
- [F1]Awards vest and become exercisable based on the satisfaction of both time and performance vesting conditions. The performance vesting conditions become satisfied in equal one-third tranches upon the Company's Class A ordinary shares exceeding a volume weighted average price hurdle of $15.00, $20.00 and $25.00, respectively, for 20 trading days within any 30 consecutive trading day period occurring prior to July 11, 2027. Once the performance vesting condition for a tranche is satisfied, such tranche will continue to be subject to time-vesting conditions and will vest ratably on each of the first, second and third anniversaries of the date that such tranche satisfied the performance vesting condition described above.