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Filing Details

Accession Number:: 0001593968-21-000747
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-03-02 21:32:41
Reporting Period:: 2021-02-26

Accepted Time:: 2021-03-02 21:32:41
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1397702	Silk Road Medical Inc	SILK	Surgical & Medical Instruments & Apparatus (3841)	208777622

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1770191	S. Andrew Davis	C/O Silk Road Medical, Inc. 1213 Innsbruck Drive Sunnyvale CA 94089	Chief Commercial Officer	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2021-03-01	7,472	$1.46	27,274	No	4	M	Direct
Common Stock	Disposition	2021-03-01	7,472	$56.49	19,802	No	4	S	Direct
Common Stock	Acquisiton	2021-03-01	11,300	$0.00	31,102	No	4	A	Direct
Common Stock	Disposition	2021-02-26	522	$56.59	30,580	No	4	F	Direct
Common Stock	Acquisiton	2021-02-26	1,828	$0.00	32,408	No	4	A	Direct
Common Stock	Disposition	2021-03-01	508	$56.95	31,900	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	A	Direct
No	4	F	Direct
No	4	A	Direct
No	4	F	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Option (right to buy)	Disposition	2021-03-01	7,472	$0.00	7,472	$1.46
Common Stock	Option (right to buy)	Acquisiton	2021-03-01	24,000	$0.00	24,000	$55.30

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
22,745	2016-05-05	2025-06-23	No	4	M	Direct
24,000	2021-04-01	2031-03-01	No	4	A	Direct

Footnotes

The option exercise and sale reported on this Form 4 were effected pursuant to Rule 10b5-1 Trading Plan adopted by the reporting person on September 11, 2020.
This transaction was executed in multiple trades at price ranging from $54.96 to $58.37. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
The reported securities are represented by restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of SILK common stock. 25% of the shares shall vest on March 1, 2022 and each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.
Represents shares that have been sold by the Issuer to satisfy income tax withholding and remittance obligations in connection with the vesting and net settlement of restricted stock units reported on this Form 4.
The reported securities are represented by fully vested restricted stock units ("RSUs"), each of which represents one share of SILK common stock.
The sale reported on this Form 4 were effected pursuant to Rule 10b5-1 Trading Plan adopted by the reporting person on September 11, 2020.
Represents shares that have been sold by the Issuer to satisfy income tax withholding and remittance obligations in connection with the vesting and net settlement of restricted stock units previously reported.
All of the shares subject to this option are fully vested and exercisable as of the date hereof.
One forty-eighth of the shares subject to the option shall vest on April 1, 2021 and each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.