Paul Thomas - Jun 1, 2022 Form 4 Insider Report for Axogen, Inc. (AXGN)

Role: Director
Signature: /s/ Paul Thomas
Stock symbol: AXGN
Transactions as of: Jun 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/3/2022, 04:16 PM
Previous filing: Aug 19, 2021
Next filing: Aug 12, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AXGN	Common Stock	Award	$0	+3.04K		$0.00	3.04K	Jun 1, 2022	Direct	F1

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	AXGN	Restricted Stock Units	Options Exercise	$0	-3.04K	-100%	$0.00^*	0	Jun 1, 2022	Common Stock	3.04K		Direct	F2, F3
transaction	AXGN	Stock Option (right to purchase)	Award	$0	+11.8K		$0.00	11.8K	Jun 1, 2022	Common Stock	11.8K	$9.29	Direct	F4
transaction	AXGN	Restricted Stock Units	Award	$0	+6.46K		$0.00	6.46K	Jun 1, 2022	Common Stock	6.46K		Direct	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This reflects the number of restricted stock units that vested on June 1, 2022.
F2	Each restricted stock unit represents a contingent right to receive one share of Axogen, Inc. common stock.
F3	Annual equity grant for service as Director on the Axogen, Inc. Board of Directors. The number of shares pursuant to the equity grant is based on a $120,000 valuation as of the grant date and vests on June 1, 2022, one year from the anniversary of the grant date.
F4	Annual equity grant for service as Director on the Axogen, Inc. Board of Directors. The number of shares pursuant to the equity grant is based on a $120,000 valuation as of the grant date and vests on June 1, 2023, one year anniversary of the grant date. One-half of the annual equity grant value is in the form of non-qualified stock options and one-half of the annual equity grant value is in the form of restricted stock units.