Form 4: Tivic Health Systems Interim CFO Lisa G. Wolf Acquires 25,000 Restricted Stock Units

Lisa G. Wolf, Interim CFO of Tivic Health Systems, acquired 25,000 Restricted Stock Units (RSUs) on December 18, 2024, according to a Form 4 filing with the SEC.

Summary

• On December 18, 2024, Lisa G. Wolf, the Interim CFO of Tivic Health Systems, acquired 25,000 Restricted Stock Units (RSUs).
• These RSUs are convertible into shares of Tivic Health Systems common stock on a 1-to-1 basis.
• The vesting schedule for the RSUs is as follows: 50% will vest on the one-year anniversary of the Vesting Commencement Date, and the remaining 50% will vest in eight equal quarterly installments thereafter, completing on the third anniversary of the Vesting Commencement Date.
• Following the transaction, Ms. Wolf directly owns 25,000 derivative securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock unit grants, which is neither particularly positive nor negative.

Industry Context

This is a standard SEC Form 4 filing, indicating a change in beneficial ownership by a company insider. Such filings are common and provide transparency into the transactions of company executives and directors.

Stakeholder Impact

• The granting of RSUs to the CFO aligns her interests with those of the shareholders, as the value of the RSUs is tied to the company's stock performance.

Key Dates

Keywords

Restricted Stock Units, Form 4, Tivic Health Systems, Lisa G. Wolf, CFO, RSU, Beneficial Ownership, Insider Trading