Form 4 for CTSO Cytosorbents Corp
Accepted 2024-08-16 00:00:00 ET · period of report 2024-08-14 · accession 0001104659-24-090596 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-08-16 | 2024-08-14 | CTSO | MARIANI PETER J | CFO | A - Grant | $0.00 | +350.0K | 110.0K | New | $0 |
| DM | 2024-08-16 | 2024-08-14 | CTSO | MARIANI PETER J | CFO | A - Grant | $0.00 | +295.0K | 215.0K | 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 | 2024-08-14 | A | A | 175,000 | $0.00 | 350,000 | D | — | — | (F3) These shares represent RSUs that will be settled into Common Stock upon a "Change In Control" of the Company, as defined in the reporting person's employment agreement, subject to the reporting person's continued service as of the applicable vesting date. |
| 2 | Common | Common Stock | 2024-08-14 | A | A | 65,000 | $0.00 | 175,000 | D | — | — | (F2) These shares represent RSUs which shall vest as to one-half of the award on each of the first and second anniversaries of the date of grant, subject to the reporting person's continued service as of the applicable vesting date and will be settled into Common Stock upon vesting. |
| 3 | Common | Common Stock | 2024-08-14 | A | A | 110,000 | $0.00 | 110,000 | D | — | — | (F1) These shares represent restricted stock units ("RSUs") received as a signing bonus that will be settled into common stock, par value $0.001 per share (the "Common Stock") upon vesting upon the earlier of (i) a "Change In Control" of CytoSorbents Corporation (the "Company"), as defined in the reporting person's employment agreement (the "Employment Agreement"), or (ii) the fourth anniversary from the date of grant, subject to the reporting person's continued service as of the applicable vesting date. |
| 4 | Derivative | Stock Option (right to buy) | 2024-08-14 | A | A | 80,000 | $0.00 | 80,000 | D | $0.9 · — to 2034-08-14 | 80,000 Common Stock | (F4) The shares underlying these stock options vest in accordance with the following schedule: (i) 41,000 upon the six-month anniversary of the date of grant, and (ii) 13,000 on the one-year, two-year and three-year anniversaries of the date of grant, subject to the reporting person's continued service as of the applicable vesting date. |
| 5 | Derivative | Stock Option (right to buy) | 2024-08-14 | A | A | 215,000 | $0.00 | 215,000 | D | $0.9 · — to 2034-08-14 | 215,000 Common Stock | (F5) The shares underlying these stock options will vest only upon the achievement of certain milestones pursuant to the terms of the Employment Agreement, subject to the reporting person's continued service as of the applicable vesting date. |