SECURITIES AND EXCHANGE COMMISSION
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|Item 5.02|| |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 15, 2022, the Board of Directors (the “Board”) of Sight Sciences, Inc. (the “Company”), upon the recommendation of its Nominating and Corporate Governance Committee (the “Nominating Committee”), appointed Tamara Fountain, M.D. to the Board. Ms. Fountain will serve as a Class III director for a term expiring at the Company’s annual meeting of stockholders to be held in 2024 and until her successor is duly elected and qualified or her earlier death, disqualification, resignation or removal. In connection with the appointment of Ms. Fountain to the Board, she was appointed to serve on the Nominating Committee.
There was no arrangement or understanding pursuant to which Ms. Fountain was elected as a director. There are no related party transactions between the Company and Ms. Fountain.
Ms. Fountain is eligible to participate in the Company’s Non-Employee Director Compensation Policy, which provides for: (i) an annual cash retainer of $40,000 for serving on the Board, earned on a quarterly basis; (ii) an annual cash retainer of $5,000 for serving on the Nominating Committee, earned on a quarterly basis; (iii) an initial equity-based award of restricted stock units (the “Initial Award”) in an amount equal to $240,000 divided by the Reference Price (as defined in the Company’s Non-Employee Director Compensation Policy) that vests in substantially equal annual installments over three years following the grant date, subject to Ms. Fountain’s continued service on the Board through each such vesting date; and (iv) following each annual meeting of the Company’s stockholders, an annual equity-based award of restricted stock units in an amount of $120,000 divided by the Reference Price that vests in a single installment on the earlier of the date of the next annual meeting of the Company’s stockholders or the first anniversary of the date of grant, subject to Ms. Fountain’s continued service on the Board through such vesting date. Ms. Fountain has entered into the Company’s standard indemnification agreement for directors and officers.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
|Sight Sciences, Inc.|
|Date: July 19, 2022||By:|
|President and Chief Executive Officer|