Colin Cahill - May 17, 2021 Form 4 Insider Report for Shockwave Medical, Inc. (SWAV)

Role: Director
Signature: /s/ Trinh Phung, as attorney-in-fact for Colin Cahill
Stock symbol: SWAV
Transactions as of: May 17, 2021
Transactions value $: -$1,298
Form type: 4
Date filed: 5/18/2021, 08:38 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SWAV	Common Stock	Options Exercise	$98.5K	+5.79K	+214.48%	$17.00^*	8.49K	May 17, 2021	Direct	F1
transaction	SWAV	Common Stock	Sale	-$99.8K	-634	-7.46%	$157.38	7.86K	May 17, 2021	Direct
transaction	SWAV	Common Stock	Other	$0	-5.16K	-65.64%	$0.00	2.7K	May 17, 2021	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	SWAV	Stock Options (Right to Buy)	Options Exercise	$0	-5.79K	-49.99%	$0.00	5.8K	May 17, 2021	Common Stock	5.79K	$17.00	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The shares being transferred were acquired upon exercise of an option that was granted by the issuer to the reporting person, but which the reporting person holds for the benefit of VR Management, LLC. At the time of the grant of the option, the reporting person was a vice president of Venrock. Under the terms of the reporting person's employment agreement with Venrock, the reporting person is deemed to hold the option and any shares acquired thereunder for the exclusive benefit of VR Management, LLC and may vote or dispose of the shares acquired under this option only as directed by VR Management, LLC. The transfer reported here is a transfer to VR Management, LLC under the terms of that employment agreement. Each of the reporting person and VR Management, LLC disclaims beneficial ownership of the option and the shares acquired thereunder except to the extent of his or its pecuniary interest therein.
F2	1/3rd of the options vest each year beginning on March 11, 2020 until 100% of the options have vested.

Content

The shares being transferred were acquired upon exercise of an option that was granted by the issuer to the reporting person, but which the reporting person holds for the benefit of VR Management, LLC. At the time of the grant of the option, the reporting person was a vice president of Venrock. Under the terms of the reporting person's employment agreement with Venrock, the reporting person is deemed to hold the option and any shares acquired thereunder for the exclusive benefit of VR Management, LLC and may vote or dispose of the shares acquired under this option only as directed by VR Management, LLC. The transfer reported here is a transfer to VR Management, LLC under the terms of that employment agreement. Each of the reporting person and VR Management, LLC disclaims beneficial ownership of the option and the shares acquired thereunder except to the extent of his or its pecuniary interest therein.

1/3rd of the options vest each year beginning on March 11, 2020 until 100% of the options have vested.