April 15, 2024 · Form 4 insider transaction
LUNSFORD MARK sold 197 shares of PERASO INC at $1.27 per share, a transaction worth $250.19. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 2 days after the transaction.
On October 24, 2022, the reporting person was granted 2,875 restricted stock units ("RSUs"), which reflects the impact of a 1-for-40 reverse stock split of the Company's common stock effected on January 2, 2024. Each RSU represents a contingent right to receive one share of the Company's common stock once vested. The RSUs vested as to one-third of the shares on October 13, 2023 and the remaining two-thirds of the shares underlying the RSUs vest in semi-annual increments over 24 months on each semi-annual anniversary of October 15, 2023.; Represents the number of shares of the Company's common stock withheld to satisfy the reporting person's tax obligation in connection with the settlement of shares of common stock underlying the portion of the RSUs that vested on April 15, 2024.