Danieli Ilan - 31 Aug 2024 Form 4 Insider Report for Precipio, Inc. (PRPO)

Role
Chief Executive Officer, Director
Signature
/s/ Danieli Ilan
Issuer symbol
PRPO
Transactions as of
31 Aug 2024
Net transactions value
$0
Form type
4
Filing time
06 Sep 2024, 17:06:03 UTC
Previous filing
25 Jun 2024
Next filing
16 Jan 2025
SEC
View on sec.gov

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 PRPO Stock Option (Right to Buy) Disposed to Issuer $0 -222 -100% $0.000000 0 31 Aug 2024 Common Stock 222 $561.00 Direct F1, F2
transaction PRPO Stock Option (Right to Buy) Award $0 +222 $0.000000 222 31 Aug 2024 Common Stock 222 $6.56 Direct F1, F2, F3
transaction PRPO Stock Option (Right to Buy) Disposed to Issuer $0 -3,333 -100% $0.000000 0 31 Aug 2024 Common Stock 3,333 $213.00 Direct F1, F2
transaction PRPO Stock Option (Right to Buy) Award $0 +3,333 $0.000000 3,333 31 Aug 2024 Common Stock 3,333 $6.56 Direct F1, F2, F3
transaction PRPO Stock Option (Right to Buy) Disposed to Issuer $0 -833 -100% $0.000000 0 31 Aug 2024 Common Stock 833 $45.00 Direct F1, F2
transaction PRPO Stock Option (Right to Buy) Award $0 +833 $0.000000 833 31 Aug 2024 Common Stock 833 $6.56 Direct F1, F2, F3
transaction PRPO Stock Option (Right to Buy) Disposed to Issuer $0 -3,000 -100% $0.000000 0 31 Aug 2024 Common Stock 3,000 $42.80 Direct F1, F2
transaction PRPO Stock Option (Right to Buy) Award $0 +3,000 $0.000000 3,000 31 Aug 2024 Common Stock 3,000 $6.56 Direct F1, F2, F3
transaction PRPO Stock Option (Right to Buy) Disposed to Issuer $0 -3,333 -100% $0.000000 0 31 Aug 2024 Common Stock 3,333 $42.00 Direct F1, F2
transaction PRPO Stock Option (Right to Buy) Award $0 +3,333 $0.000000 3,333 31 Aug 2024 Common Stock 3,333 $6.56 Direct F1, F2, F3
transaction PRPO Stock Option (Right to Buy) Disposed to Issuer $0 -18,000 -100% $0.000000 0 31 Aug 2024 Common Stock 18,000 $64.40 Direct F1, F2
transaction PRPO Stock Option (Right to Buy) Award $0 +18,000 $0.000000 18,000 31 Aug 2024 Common Stock 18,000 $6.56 Direct F1, F2, F3
transaction PRPO Stock Option (Right to Buy) Disposed to Issuer $0 -16,250 -100% $0.000000 0 31 Aug 2024 Common Stock 16,250 $30.80 Direct F1, F2
transaction PRPO Stock Option (Right to Buy) Award $0 +16,250 $0.000000 16,250 31 Aug 2024 Common Stock 16,250 $6.56 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 30, 2024, the Issuer's Board of Directors approved an option repricing (the "Repricing"), effective as of August 31, 2024 (the "Effective Date"). All of the other terms of the options remain unchanged. Such transactions were exempt pursuant to Rule 16b-6(d) and Rule 16b-3 of the Exchange Act, as applicable.
F2 This stock option award was issued pursuant to the Company's Amended and Restated 2017 Stock Option and Incentive Plan, as amended, (the "2017 Plan") and become exercisable so that 25% of the options shall vest on the first anniversary of the date of grant and, commencing one month thereafter, the remainder shall vest in 36 equal monthly installments subject to the Reporting Person's continued service with the Issuer as of the applicable vesting date.
F3 The exercise price of the option is $6.56 per share, representing the fair market value per share of the Issuer's Common Stock on the Effective Date; provided that the repriced option will revert to its original exercise price if, prior to the first anniversary of the Effective Date, (a) the Reporting Person's service with the Issuer is terminated by the Issuer with cause or by the Reporting Person or (b) the option is exercised.