Alvarez Nicholas P 4
4 · LifeMD, Inc. · Filed Jul 13, 2023
Insider Transaction Report
Form 4
LifeMD, Inc.LFMD
Alvarez Nicholas P
Chief Acquisition Officer
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2023-07-12−200,000→ 0 totalExercise: $7.92→ Common Stock (200,000 underlying) - Award
Common Stock
2023-07-12+150,000→ 330,000 total
Footnotes (1)
- [F1]The options are being cancelled in exchange for 150,000 restricted shares, with 25,000 vesting on July 12, 2023, 50,000 vesting on January 1, 2024 and 75,000 vesting on January 1, 2025, and performance shares to be reported on settlement. The options vested and became exercisable in equal monthly tranches, based on the passage of time, over the 36 months following December 8, 2020.