Robert J. Andersen - Oct 7, 2022 Form 4 Insider Report for Xperi Inc. (XPER)

Role: Chief Financial Officer
Signature: /s/ Robert J. Andersen
Stock symbol: XPER
Transactions as of: Oct 7, 2022
Transactions value $: $0
Form type: 4
Date filed: 10/12/2022, 09:32 PM
Previous filing: Mar 3, 2023
Next filing: Mar 3, 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	XPER	Stock Options (Right to Buy)	Award		+15.6K			15.6K	Oct 7, 2022	Common Stock	15.6K	$21.69	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents stock options granted by Xperi Holding Corporation that have been converted into stock options of the Issuer in connection with the spin-off of the Issuer from Xperi Holding Corporation (the "Spin-off"). The stock options reported herein were determined on October 7, 2022, based on a five-day volume weighted average price of the Issuer's common stock following the closing of the Spin-off. These stock options are subject to the same terms and conditions applicable to such Xperi Holding Corporation awards.
F2	Reflects stock options that are fully vested.

Content

Represents stock options granted by Xperi Holding Corporation that have been converted into stock options of the Issuer in connection with the spin-off of the Issuer from Xperi Holding Corporation (the "Spin-off"). The stock options reported herein were determined on October 7, 2022, based on a five-day volume weighted average price of the Issuer's common stock following the closing of the Spin-off. These stock options are subject to the same terms and conditions applicable to such Xperi Holding Corporation awards.

Reflects stock options that are fully vested.