Ramy A. Mahmoud - Sep 15, 2022 Form 4 Insider Report for OptiNose, Inc. (OPTN)

Signature
/s/ Anthony Krick, Attorney-in-Fact
Stock symbol
OPTN
Transactions as of
Sep 15, 2022
Transactions value $
-$94,488
Form type
4
Date filed
9/20/2022, 05:32 PM
Previous filing
Jun 17, 2022
Next filing
Dec 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPTN Common Stock Award $0 +6.11K +2.83% $0.00 222K Sep 15, 2022 Direct F1
transaction OPTN Common Stock Sale -$84K -23.7K -10.66% $3.55 198K Sep 16, 2022 Direct F2
transaction OPTN Common Stock Sale -$10.5K -2.95K -1.48% $3.56 195K Sep 20, 2022 Direct F2
holding OPTN Common Stock 172K Sep 15, 2022 By: The Ramy Mahmoud 2014 Trust for Cynthia Mahmoud
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the grant of performance-based restricted stock units (Performance RSUs) on March 6, 2020. Fifty percent (50%) of the Performance RSUs vested on June 15, 2022, upon achievement of certain milestones in connection with the Company's development programs. The balance vests in eight equal quarterly installments, subject to continued service with the Issuer. Each Performance RSU represents the right to receive one share of common stock of OptiNose, Inc.
F2 Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of restricted share units. This sale is mandated by the issuer's award agreement under its equity incentive plan to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.