Brandon Sim - 19 Jun 2023 Form 4 Insider Report for Cardio Diagnostics Holdings, Inc. (CDIO)

Role
Director
Signature
/s/Elisa Luqman, Attorney-in-Fact for Brandon Sim
Issuer symbol
CDIO
Transactions as of
19 Jun 2023
Net transactions value
+$50,000
Form type
4
Filing time
21 Jun 2023, 16:58:37 UTC
Previous filing
25 May 2023
Next filing
05 Jul 2023
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 CDIO Restricted Stock Units Award $50,000 $50,000 19 Jun 2023 Common Stock $50,000 $0.000000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit (RSU) represents the contingent right to receive one share of common stock upon vesting of the RSU.
F2 Subject to continued service with the Issuer on each respective vesting date, the RSUs will vest as follows based on the closing price of the Issuers common stock on each respective vesting date: (i) $25,000 in value on June 30, 2023; (ii) $12,500 in value on September 30, 2023; and (iii) $12,500 in value on December 31, 2023.
F3 The RSUs were granted pursuant to the Issuers 2022 Equity Incentive Plan.