MyMD Pharmaceuticals Inc (MYMD)

[knuts4oe]

The flurry of Form 4's posted to the SEC after Friday's close appear to be a notification of the number of shares 8 members of MyMD team would receive should the market capitalization of the company reach the milestones specified in the merger agreement.
Those milestones are $500 million, $750 million, and $1 billion.
Should all of the milestones be reached within the 3 years specified in the agreement, the following MyMD members would receive the following number of shares.
Chapman 600,000
Rivard 200,000
Silverman 600,000
Uzonwanne 150,000
White 150,000
Schreiber 150,000
Kaplin 600,000
Eagle 150,000
Total 2,600,000
They would receive 1/3 of their allotment on reaching the 1st milestone, 1/3 on reaching the 2nd milestone, and the remainder on reaching the 3rd milestone.