Form 4 for OBIO Orchestra BioMed Holdings, Inc.
Accepted 2023-07-24 00:00:00 ET · period of report 2023-07-20 · accession 0001104659-23-083505 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2023-07-24 | 2023-07-20 | OBIO | Hochman David P | See Remarks, Dir | A - Grant | $0.00 | +165.0K | 227.5K | +264% | $0 |
| D | 2023-07-24 | 2023-07-20 | OBIO | Hochman David P | See Remarks, Dir | A - Grant | $0.00 | +300.0K | 465.5K | +181% | $0 |
| D | 2023-07-24 | 2023-07-20 | OBIO | Hochman David P | See Remarks, Dir | A - Grant | $0.00 | +100.5K | 100.5K | New | $0 |
| DI | 2023-07-24 | 2023-07-20 | OBIO | Hochman David P | See Remarks, Dir | A - Grant | $0.00 | +132.0K | 132.0K | New | $0 |
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 | 2023-07-20 | A | A | 165,000 | $0.00 | 227,502 | I | — | — | (F1) Represents an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock. The RSUs vest over a three-year period as follows: (i) 34% of the shares will vest on the 18-month anniversary of January 26, 2023 (the "Vesting Commencement Date"), (ii) 33% the shares will vest on the two-year anniversary of the Vesting Commencement Date, and (iii) 33% the shares will vest on the three-year anniversary of the Vesting Commencement Date, subject to the Reporting Person's continuous service through such dates. |
| 2 | Common | Common Stock, par value $0.0001 per share ("Common Stock") | 2023-07-20 | A | A | 300,000 | $0.00 | 465,498 | D By the DPH 2008 Trust | — | — | (F1) Represents an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock. The RSUs vest over a three-year period as follows: (i) 34% of the shares will vest on the 18-month anniversary of January 26, 2023 (the "Vesting Commencement Date"), (ii) 33% the shares will vest on the two-year anniversary of the Vesting Commencement Date, and (iii) 33% the shares will vest on the three-year anniversary of the Vesting Commencement Date, subject to the Reporting Person's continuous service through such dates. |
| 3 | Derivative | Stock Option (Right to Buy) | 2023-07-20 | A | A | 100,500 | $0.00 | 100,500 | D By the DPH 2008 Trust | $7.42 · — to 2033-07-20 | 100,500 Common Stock | (F2) The stock options vest over a four-year period as follows: (i) 25% of the underlying shares will vest on the one-year anniversary of the Vesting Commencement Date and (ii) 75% of the underlying shares will vest in equal installments on a quarterly basis on the last day of each quarter, starting on the last day of the first quarter after the first anniversary of the Vesting Commencement Date, or March 31, 2024, subject to the Reporting Person's continuous service through such dates. |
| 4 | Derivative | Stock Option (Right to Buy) | 2023-07-20 | A | A | 132,000 | $0.00 | 132,000 | I | $7.42 · — to 2033-07-20 | 132,000 Common Stock | (F2) The stock options vest over a four-year period as follows: (i) 25% of the underlying shares will vest on the one-year anniversary of the Vesting Commencement Date and (ii) 75% of the underlying shares will vest in equal installments on a quarterly basis on the last day of each quarter, starting on the last day of the first quarter after the first anniversary of the Vesting Commencement Date, or March 31, 2024, subject to the Reporting Person's continuous service through such dates. |