Julie Boyster - Jan 26, 2023 Form 3 Insider Report for Lifevantage Corp (LFVN)

Signature
Alissa Neufeld, Power of Attorney for Julie Boyster
Stock symbol
LFVN
Transactions as of
Jan 26, 2023
Transactions value $
$0
Form type
3
Date filed
2/3/2023, 03:05 PM
Next filing
Feb 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LFVN Common Stock 63.1K Jan 26, 2023 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
holding LFVN Performance Restricted Stock Units Jan 26, 2023 Common Stock 33.1K $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each stock unit represents a right to receive one share of issuer common stock. 30,000 of these restricted stock units ("RSUs") were acquired pursuant to a restricted stock award granted February 17, 2022, which vests in three equal annual installments on each of February 17, 2023, February 17, 2024, and February 17, 2025, subject to continued service with the Company. 33,053 of these RSUs were acquired pursuant to a restricted stock award granted August 18, 2022, which will vest, subject to the reporting person's continued service with the issuer, as follows: (i) 1/3 of the total number of units will vest on the first anniversary of the grant date and (ii) the remaining units will vest in equal installments as of the first day of each of the eight calendar quarters thereafter.
F2 Each PRSU represents a right to receive one share of issuer common stock, with the total number of units reflecting the number that are eligible to be earned at target-level performance achievement. Upon achievement of the maximum level of the applicable performance criteria, the reporting person may become eligible to earn 200% of the target number of units.
F3 The PRSUs were acquired pursuant to a performance restricted stock award granted August 18, 2022 and will vest only to the extent the specified financial performance criteria are achieved and subject to the reporting person's continued service with the issuer, as follows: (i) 1/3 of the earned award will vest on the first anniversary of the grant date and (ii) the remainder of the earned award will vest in equal installments as of the first day of each of the eight calendar quarters thereafter.

Remarks:

Exhibit 24 - Power of Attorney