Louis Silver - Mar 15, 2024 Form 4 Insider Report for CEVA INC (CEVA)

Role
Director
Signature
/s/ Louis Silver
Stock symbol
CEVA
Transactions as of
Mar 15, 2024
Transactions value $
-$301,470
Form type
4
Date filed
3/19/2024, 08:21 AM
Previous filing
Jul 5, 2023
Next filing
Jun 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CEVA Common Stock Options Exercise $192K +13K +32.04% $14.77 53.6K Mar 15, 2024 Direct
transaction CEVA Common Stock Tax liability -$192K -8.27K -15.44% $23.19 45.3K Mar 15, 2024 Direct F1
transaction CEVA Common Stock Sale -$110K -4.73K -10.44% $23.19 40.6K Mar 15, 2024 Direct F2

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 CEVA Stock Option (Right to Buy) Options Exercise -$192K -13K -50% $14.77 13K Mar 15, 2024 Common Stock 13K $14.77 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a net-exercise of outstanding stock options. The reporting person received 4,730 shares of common stock on the net exercise of an option to purchase 13,000 shares of common stock. The reporting person forfeited 8,270 shares of common stock underlying the option in payment of the exercise price, based on the market price of CEVA common stock at the time of the option exercise on March 15, 2024 of $23.19.
F2 Represents 33,800 shares outstanding and 6,776 unvested RSU's.
F3 The stock option became exercisable as to 25% of the underlying shares on 06/30/2015, the first year anniversary of the grant date, and 25% each year thereafter.