Steven R. Fife - Jan 1, 2024 Form 4 Insider Report for Lifevantage Corp (LFVN)

Signature
Alissa Neufeld, Power of Attorney for Steven R. Fife
Stock symbol
LFVN
Transactions as of
Jan 1, 2024
Transactions value $
-$99,300
Form type
4
Date filed
1/3/2024, 04:24 PM
Previous filing
Nov 20, 2023
Next filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LFVN Common Stock Options Exercise $0 +17K +2.69% $0.00 648K Jan 1, 2024 Direct F1
transaction LFVN Common Stock Options Exercise $0 +3.23K +0.5% $0.00 651K Jan 1, 2024 Direct F2
transaction LFVN Common Stock Tax liability -$99.3K -16.6K -2.54% $6.00 635K Jan 1, 2024 Direct F3

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 LFVN Performance Stock Units Options Exercise $0 -17K -33.33% $0.00 34K Jan 1, 2024 Common Stock 17K Direct F1, F4
transaction LFVN Performance Stock Units Options Exercise $0 -3.23K -25% $0.00 9.7K Jan 1, 2024 Common Stock 3.23K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 18, 2022, the reporting person was granted Performance Restricted Stock Units ("PSUs") which vest only to the extent specified financial performance criteria are achieved and subject to the reporting person's continued service with the issuer, as provided in the Form 4 filed by the reporting person on August 22, 2022. The reporting person initially reported the number of shares that were eligible to be earned at target-level performance achievement. The performance criteria were achieved at a level above target. The actual number of shares that vested was 133.13% of the at-target number of shares subject to vesting on that date. The number of PSUs beneficially owned following the reported transaction has been updated to reflect the number of earned units as well as the number of earned units remaining following the cancellation of 68,006 earned units, as reported on the Form 4 filed on November 8, 2023.
F2 On November 10, 2022, the reporting person was granted PSUs which vest only to the extent specified financial performance criteria are achieved and subject to the reporting person's continued service with the issuer, as provided in the Form 4 filed by the reporting person on November 15, 2022. The reporting person initially reported the number of shares that were eligible to be earned at target-level performance achievement. The performance criteria were achieved at a level above target. The actual number of shares that vested was 133.13% of the at-target number of shares subject to vesting on that date. The number of PSUs beneficially owned following the reported transaction has been updated to reflect the number of earned units as well as the number of earned units remaining following the cancellation of 9,700 earned units, as reported on the Form 4 filed on November 8, 2023.
F3 These shares were withheld to satisfy tax withholding obligations in connection with the vesting of a stock unit award granted to the reporting person on August 12, 2021, a PSU award and stock unit award granted to the reporting person on August 22, 2022, and a PSU award and stock unit award granted to the reporting person on November 10, 2022.
F4 PSUs convert into common stock on a one-for-one basis.