Luc Seraphin - May 15, 2023 Form 4 Insider Report for RAMBUS INC (RMBS)

Role
President and CEO, Director
Signature
/s/ Brian Wu, by power of attorney
Stock symbol
RMBS
Transactions as of
May 15, 2023
Transactions value $
-$167,583
Form type
4
Date filed
5/16/2023, 05:54 PM
Previous filing
May 9, 2023
Next filing
Feb 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMBS Common Stock Options Exercise $53.6K +4.17K +1.63% $12.84* 260K May 15, 2023 Direct
transaction RMBS Common Stock Sale -$206K -4.17K -1.61% $49.39 255K May 15, 2023 Direct F1, F2
transaction RMBS Common Stock Options Exercise $3.87K +302 +0.12% $12.80* 256K May 15, 2023 Direct
transaction RMBS Common Stock Sale -$14.9K -302 -0.12% $49.39 255K May 15, 2023 Direct F1, F2
transaction RMBS Common Stock Sale -$4.04K -82 -0.03% $49.33 255K May 15, 2023 Direct F1, 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 RMBS Employee stock option (right to buy) Options Exercise $0 -4.17K -100% $0.00* 0 May 15, 2023 Common Stock 4.17K $12.84 Direct F4
transaction RMBS Employee stock option (right to buy) Options Exercise $0 -302 -100% $0.00* 0 May 15, 2023 Common Stock 302 $12.80 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted on December 13, 2022.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.187 to $49.60, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.28 to $49.60, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
F4 The option award vests as to 10% of the granted shares on August 1, 2018, and the remaining shares vest monthly thereafter until fully vested on February 1, 2022.
F5 The option award vests as to 10% of the granted shares on August 1, 2017, and the remaining shares vest monthly thereafter until fully vested on February 1, 2021.