Item 5. Market for Registrant’s Common Equity
Item
5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market
Information
Our
common stock began trading on Nasdaq under the symbol “VVOS” on December 11, 2020. Prior to that date, there was no established
public trading market for our common stock.
Holders
As
of March 23, 2022, there were approximately 5,400 holders of record of our common stock. This number does not include stockholders who
are beneficial owners, but whose shares are held in street name by brokers and other nominees. This number of holders of record also
does not include stockholders whose shares may be held in trust by other entities.
Recent
Sales of Unregistered Securities
None.
Securities
Authorized for Issuance under Equity Compensation Plans
The
following table provides information as of December 31, 2021, regarding our common stock that may be issued under our 2017 stock
and option award plan (the “2017 Plan”), and our 2019 stock and option award plan (the “2019 Plan”).
Shares to
be Issued Upon
Exercise of
Outstanding
Securities
Options,
and Rights
Available
Number of
Weighted Average
For Future
Plan Category:
Shares
Exercise
Price
Issuance
Equity compensation plans approved by security
holders:
2017 Plan
1,333,333 (1)
$ 4.97
-
2019 Plan
1,018,000 (2)
7.27
1,098,667
Equity compensation
plans not approved by stockholders:
500,001 (3)
1.60
-
Total
2,851,334
5.23
1,098,667
(1)
The
2017 Plan permits grants of equity awards to employees, directors, consultants and other independent contractors. Our board of directors
and shareholders have approved a total reserve of 1,333,333 shares for issuance under the 2017 Plan.
(2)
The
2019 Plan permits grants of equity awards to employees, directors, consultants and other independent contractors. Our board of directors
and shareholders have approved a total reserve of 2,366,667 shares for issuance out of which 250,000 shares have been exercised under
the 2019 Plan.
(3)
Represents
options granted to officers and employees prior to the approval by our stockholders of the 2017 Plan.
Dividend
Policy
As
of the date of this Annual Report on Form 10-K, we have not paid any cash dividends to stockholders. The declaration of any future cash
dividend will be at the discretion of our board of directors and will depend upon our earnings, if any, our capital requirements and
financial position, the general economic conditions, and other pertinent conditions. It is our present intention not to pay any cash
dividends in the foreseeable future, but rather to reinvest earnings, if any, in our business operations.
Item
6. Reserved.
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