Robert S. Breuil - Mar 3, 2023 Form 4 Insider Report for GRAYBUG VISION, INC. (CALC)

Role
Chief Financial Officer
Signature
/s/ Frederic Guerard, as Attorney-in-Fact for Robert S. Breuil
Stock symbol
CALC
Transactions as of
Mar 3, 2023
Transactions value $
-$28,177
Form type
4
Date filed
3/6/2023, 05:59 PM
Previous filing
Dec 14, 2022
Next filing
Mar 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CALC Common Stock Options Exercise +121K +139.22% 208K Mar 3, 2023 Direct F1
transaction CALC Common Stock Tax liability -$28.2K -49.4K -23.73% $0.57* 159K Mar 3, 2023 Direct

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 CALC Restricted Stock Units Options Exercise $0 -9.94K -10% $0.00 89.4K Mar 3, 2023 Common Stock 9.94K Direct F1, F2, F3
transaction CALC Restricted Stock Unit Options Exercise $0 -83.2K -100% $0.00* 0 Mar 3, 2023 Common Stock 83.2K Direct F1, F3, F4
transaction CALC Restricted Stock Unit Options Exercise $0 -28.1K -6.67% $0.00 394K Mar 3, 2023 Common Stock 28.1K Direct F1, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2 The RSUs vested as to 1/4 of the total shares on May 19, 2022, and 1/16 of the remaining shares shall vest quarterly thereafter such that the RSUs shall be fully vested on May 19, 2025, subject to the continued service of the Reporting Person to the Issuer through each vesting date.
F3 The RSUs do not expire; they either vest or are canceled prior to vest date.
F4 The RSUs shall vested as to 100% of the total RSUs on February 28, 2023 and settled on March 3, 2023, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
F5 The RSUs shall vested as to 6.25% of the total shares on November 16, 2022, and 6.25% of the remaining shares shall vest quarterly thereafter such that the RSUs shall be fully vested on August 16, 2026, subject to the continued service of the Reporting Person to the Issuer through each vesting date.