Exhibit 19.1
OCULAR THERAPEUTIX, INC.
Amended and Restated Insider Trading Policy
| 1. | Background and purpose |
The federal securities laws prohibit any member of the Board of Directors (a “Director”), any officer (as defined in Rule 16a-1(f) under the Securities Exchange Act of 1934 (the “Exchange Act”), an “executive officer”) or any employee of Ocular Therapeutix, Inc. (together with its subsidiaries, the “Company”) from purchasing or selling Company securities on the basis of material nonpublic information concerning the Company, or from tipping material nonpublic information to others. These laws impose severe sanctions on individuals who violate them. In addition, the Securities and Exchange Commission (the “SEC”) has the authority to impose large fines on the Company and on the Company’s Directors, executive officers and controlling stockholders if the Company’s employees engage in insider trading and the Company has failed to take appropriate steps to prevent it (so-called “controlling person” liability).
This insider trading policy is being adopted in light of these legal requirements, and with the goal of helping:
| ● | prevent inadvertent violations of the insider trading laws; |
| ● | avoid embarrassing proxy disclosure of reporting violations by persons subject to Section 16 of the Exchange Act; |
| ● | promote compliance with the Company’s obligation to publicly disclose information related to its insider trading policies and procedures and the use of certain trading arrangements by Company insiders; |
| ● | avoid even the appearance of impropriety on the part of those employed by, or associated with, the Company; |
| ● | protect the Company from controlling person liability; and |
| ● | protect the reputation of the Company, its Directors and its employees. |
As detailed below, this policy applies to family members and certain other individuals and entities with whom Directors and employees have relationships. Although the provisions in Sections 2 and 3 of this policy are not applicable to transactions by the Company itself, transactions by the Company will only be made in accordance with applicable U.S. federal securities laws, including those relating to insider trading.
Information concerning the Company is considered “material” if there is a substantial likelihood that a reasonable shareholder would consider the information important in making an investment decision with respect to the Company’s securities. Stated another way, there must be a substantial likelihood that a reasonable shareholder would view the information as having
significantly altered the “total mix” of information available about the Company. Material information can include positive or negative information about the Company. Information concerning any of the following subjects, or the Company’s plans with respect to any of these subjects, would often be considered material:
| ● | the Company’s liquidity, cash burn rate, revenues or earnings; |
| ● | a significant merger or acquisition involving the Company; |
| ● | a change in control of the Company; |
| ● | a significant change in the management or the Board of Directors of the Company; |
| ● | the Company’s decision to commence or terminate the payment of cash dividends; |
| ● | the public or private sale of a significant amount of securities of the Company; |
| ● | the establishment of a program to repurchase securities of the Company; |
| ● | a stock split; |
| ● | a default on outstanding debt of the Company or a bankruptcy filing; |
| ● | a new product release or a significant development, invention or discovery; |
| ● | information concerning upcoming FDA actions or other significant regulatory developments, including a significant product recall; |
| ● | information concerning significant clinical trials or non-clinical studies, including the timing of and findings and data from such trials and studies; |
| ● | a significant licensing or collaboration agreement, or serious discussions regarding such an agreement; |
| ● | the loss, delay or gain of a significant contract, sale or order or other important development regarding customers, business partners or suppliers; |
| ● | a significant cybersecurity incident or investigation of a potential such incident; |
| ● | any litigation or dispute to which the Company may be a party; |
| ● | a conclusion by the Company or a notification from its independent auditor that any of the Company’s previously issued financial statements should no longer be relied upon; or |
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| ● | a change in or dispute (within the meaning of Item 304 of Regulation S-K) with the Company’s independent auditor. |
This list is illustrative only and is not intended to provide a comprehensive list of circumstances that could give rise to material information.
Information concerning the Company is considered nonpublic if it has not been disseminated in a manner making it available to investors generally.
Information will generally be considered nonpublic unless (1) the information has been disclosed in a press release, in a public filing made with the SEC (such as a Report on Form 10-K, Form 10-Q or Form 8-K), or through a news wire service or daily newspaper of wide circulation, and (2) a sufficient amount of time has passed so that the information has had an opportunity to be digested by the marketplace.
| 2. | PROHIBITIONS RELATING TO TRANSACTIONS IN THE COMPANY’S SECURITIES |
| ● | all Directors; |
| ● | all employees; |
| ● | all family members of Directors and employees who share the same address as, or are financially dependent on, the Director or employee and any other person who shares the same address as the Director or employee (other than (x) an employee or tenant of the Director or employee or (y) another unrelated person whom the Chief Financial Officer or the highest ranking legal officer at the Company (the “General Counsel”) determines should not be covered by this policy); and |
| ● | all corporations, limited liability companies, partnerships, trusts or other entities controlled by any of the above Covered Persons, unless the entity has implemented policies or procedures designed to ensure that such Covered Person cannot influence transactions by the entity involving Company securities. |
| ● | purchase, sell or gift (which term, as used in this policy, includes charitable donations) any securities of the Company while such |
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| Covered Person is aware of any material nonpublic information concerning the Company or recommend doing so to someone else; or |
| ● | tip or otherwise disclose to someone else any material nonpublic information concerning the Company if the recipient may use that information to purchase, sell or gift Company securities or tip that information to others. |
In addition, no Covered Person who, in the course of service to the Company, learns of material nonpublic information about another company (1) with which the Company does business, such as the Company’s distributors, vendors, customers and suppliers, or (2) that is involved in a potential transaction or business relationship with Company, may purchase, sell or gift that other company’s securities until the information becomes public or is no longer material, or tip or otherwise disclose to someone else such information if the recipient may use that information to purchase, sell or gift that other company’s securities or tip that information to others.
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| ● | short sales, including short sales “against the box”; or |
| ● | purchases or sales of puts, calls or other derivative securities; or |
| ● | purchases of financial instruments (including prepaid variable forward contracts, equity swaps, collars and exchange funds) or other transactions that hedge or offset, or are designed to hedge or offset, any decrease in the market value of Company securities. |
| 3. | ADDITIONAL PROHIBITIONS APPLICABLE TO DIRECTORS, EXECUTIVE OFFICERS AND DESIGNATED EMPLOYEES |
| ● | all Directors; |
| ● | all executive officers; |
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| ● | such other employees as are designated from time to time by the Board of Directors, the Chief Executive Officer, the Chief Financial Officer or the General Counsel as being subject to this Section 3 (the “Designated Employees”); |
| ● | all family members of Directors, executive officers and Designated Employees who share the same address as, or are financially dependent on, the Director, executive officer or Designated Employee and any other person who shares the same address as the Director, executive officer or Designated Employee (other than (x) an employee or tenant of the Director, executive officer or Designated Employee or (y) another unrelated person whom the Chief Financial Officer or General Counsel determines should not be covered by this policy); and |
| ● | all corporations, limited liability companies, partnerships, trusts or other entities controlled by any of the above Pre-Clearance Persons, unless the entity has implemented policies or procedures designed to ensure that such Pre-Clearance Person cannot influence transactions by the entity involving Company securities. |
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| 4. | REGULATION BTR |
If the Company is required to impose a “pension fund blackout period” under Regulation BTR, each Director and executive officer shall not, directly or indirectly sell, purchase or otherwise transfer during such blackout period any equity securities of the Company acquired in connection with the service of such person as a Director or officer of the Company, except as permitted by Regulation BTR.
| 5. | penalties for VIOLATION |
Violation of any of the foregoing rules is grounds for disciplinary action by the Company, including termination of employment. In addition to any disciplinary actions the Company may take, insider trading can also result in administrative, civil or criminal proceedings which can result in significant fines and civil penalties, being barred from service as an officer or director of a public company, or imprisonment.
| 6. | company assistance and EDUCATION |
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Initially adopted: June 14, 2014.
Amended and Restated: November 11, 2025.
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