Form 4 for BURU Nuburu, Inc.
Accepted 2023-02-02 00:00:00 ET · period of report 2023-01-31 · accession 0000899243-23-003771 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-02-02 | 2023-01-31 | BURU | Faircloth Brian | COO | A - Grant | — | +515.4K | 515.4K | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-01-31 | A | A | 515,394 | — | 515,394 | D | — | — | (F2) Consists of restricted stock units granted January 7, 2022. 1/4th of the total restricted stock units subject to the award will vest on the first trading day on or after February 15, 2023, and thereafter, 1/16th of the restricted stock units will vest on each subsequent quarterly vesting date (consisting of February 15, May 15, August 15, and November 15 of a given year) subject to Mr. Faircloth continuing to serve as a service provider to the Issuer through the applicable vesting date. (F3) In connection with the closing of the Business Combination, each outstanding restricted stock unit of Legacy Nuburu, whether vested or unvested, was converted into restricted stock units of the Issuer based on an exchange ratio calculated at closing. |