Michael Dale - Aug 9, 2024 Form 4 Insider Report for Axogen, Inc. (AXGN)

Role: CEO and President, Director
Signature: /s/ Michael Dale
Stock symbol: AXGN
Transactions as of: Aug 9, 2024
Transactions value $: $0
Form type: 4
Date filed: 8/9/2024, 04:20 PM
Previous filing: Mar 2, 2023

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	Performance Stock Units	Award	$0	+450K		$0.00	450K	Aug 9, 2024	Common Stock	450K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Each performance stock unit ("PSU") represents the right to receive one share of Common Stock. PSUs will be eligible to be earned by the reporting person based on achievement with respect to an annualized absolute total shareholder return performance goal over a three year performance period beginning February 22, 2024 and ending February 22, 2027. The number of PSUs indicated reflects the "target" number of PSUs granted to the reporting person. The number of PSUs earned could range from 0% to 200% of such target number. The PSUs were granted pursuant to an inducement award agreement outside of the Issuer's Amended and Restated 2019 Long-Term Incentive Plan as a material inducement to the reporting person's acceptance of employment with the Issuer in accordance with NASDAQ Listing Rule 5635(c)(4)

Content

Each performance stock unit ("PSU") represents the right to receive one share of Common Stock. PSUs will be eligible to be earned by the reporting person based on achievement with respect to an annualized absolute total shareholder return performance goal over a three year performance period beginning February 22, 2024 and ending February 22, 2027. The number of PSUs indicated reflects the "target" number of PSUs granted to the reporting person. The number of PSUs earned could range from 0% to 200% of such target number. The PSUs were granted pursuant to an inducement award agreement outside of the Issuer's Amended and Restated 2019 Long-Term Incentive Plan as a material inducement to the reporting person's acceptance of employment with the Issuer in accordance with NASDAQ Listing Rule 5635(c)(4)