Terrence Norchi - Nov 10, 2022 Form 4 Insider Report for Arch Therapeutics, Inc. (ARTH)

Role: PRESIDENT AND CHIEF EXECUTIVE
Signature: /s/ Terrence Norchi
Stock symbol: ARTH
Transactions as of: Nov 10, 2022
Transactions value $: $0
Form type: 4
Date filed: 11/10/2022, 08:50 PM
Previous filing: Jul 8, 2022
Next filing: Sep 8, 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	ARTH	Stock Option (right to buy)	Award	$0	+1.25M		$0.00	1.25M	Nov 10, 2022	Common Stock	1.25M	$0.04	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The option was granted pursuant to the Issuer's 2013 Stock Incentive Plan (the "Plan"). The option shall vest equally on each of the first 36 month anniversaries of the grant date, subject to continued service to the Issuer through each vesting date. In the event of a Change of Control (as such term is defined in the Plan), 100% of the number of unvested shares then subject to the option shall accelerate and become immediately exercisable.

Content

The option was granted pursuant to the Issuer's 2013 Stock Incentive Plan (the "Plan"). The option shall vest equally on each of the first 36 month anniversaries of the grant date, subject to continued service to the Issuer through each vesting date. In the event of a Change of Control (as such term is defined in the Plan), 100% of the number of unvested shares then subject to the option shall accelerate and become immediately exercisable.