4//SEC Filing
Hoitt Jason 4
Accession 0001493152-22-035096
CIK 0001695357other
Filed
Dec 8, 7:00 PM ET
Accepted
Dec 9, 8:31 PM ET
Size
9.5 KB
Accession
0001493152-22-035096
Insider Transaction Report
Form 4
Hoitt Jason
Chief Commercial Officer
Transactions
- Award
Stock Option (right to buy)
2022-12-08+20,663→ 75,763 totalExercise: $12.62From: 2022-12-08Exp: 2030-07-15→ Common Stock, par value $0.0001 (20,663 underlying) - Award
Stock Option (right to buy)
2022-12-08+120,000→ 340,000 totalExercise: $14.97From: 2022-12-08Exp: 2030-01-07→ Common Stock, par value $0.0001 (120,000 underlying)
Footnotes (5)
- [F1]As previously reported on a Form 4 filed on January 8, 2020, on January 7 2020, the Reporting Person was granted a stock option for 400,000 shares of Common Stock, 160,000 of which option shares vest in four equal annual installments commencing on January 7, 2021 and 240,000 of which option shares vest upon completion of certain performance milestones. This amount represents the vesting of 120,000 of the 240,000 performance option shares on December 8, 2022 upon the satisfaction of certain performance milestones. This Form 4 is being filed solely to report the vesting of such previously reported 120,000 option shares.
- [F2]The stock options were granted pursuant to the Issuer's Amended and Restated 2017 Equity Incentive Plan.
- [F3]Represents the 160,000 time-based option shares referred to in footnote (1) plus the 120,000 vested performance option shares referred to in footnote (1) plus 60,000 vested performance shares which vested on September 2, 2020.
- [F4]As previously reported on a Form 4 filed on July 16, 2020, on July 15, 2020 the Reporting Person was granted a stock option for 137,750 shares of Common Stock, 55,100 of which option shares vest in four equal annual installments commencing on July 15, 2021 and 82,650 of which option shares vest upon completion of certain performance milestones. This amount represents the vesting of 20,663 of the 82,650 performance option shares on December 8, 2022 upon the satisfaction of certain performance milestones. This Form 4 is being filed solely to report the vesting of such previously reported 20,663 option shares.
- [F5]Represents the 55,100 time-based option shares referred to in footnote (1) plus the 20,663 vested performance option shares referred to in footnote (4).
Documents
Issuer
Provention Bio, Inc.
CIK 0001695357
Entity typeother
Related Parties
1- filerCIK 0001762572
Filing Metadata
- Form type
- 4
- Filed
- Dec 8, 7:00 PM ET
- Accepted
- Dec 9, 8:31 PM ET
- Size
- 9.5 KB