Document:

EX-10.7

 Exhibit 10.7 
  

 
 April 28, 2017 
 Doug
Godshall 
 [Private address] 
 Dear Doug, 

I am pleased to offer you a position with Shockwave Medical (the “Company”), as its President and Chief Executive Officer and a
member of the Company’s board of directors (the “Board”). If you decide to join us, you will receive a base annual salary of $375,000, less applicable withholdings, which will be paid semi-monthly in accordance with the Company’s
normal payroll procedures. In addition, you will be eligible to receive an annual bonus in an amount equal to forty percent (40%) of your then existing annual base salary subject to your and the Company’s achievement of milestones to be
established by the Board. 
 You are eligible for reimbursement for appropriate business expenses, such as mileage, phone, and travel
expenses in accordance with Company’s T&E policy. As an employee, you will also be eligible to receive certain employee benefits, including health, dental and vision care coverage, paid vacation, and paid Company holidays. You will also be
entitled to paid sick leave if you are employed in a jurisdiction that requires it. 
 In addition, if you decide to join the Company, it
will be recommended at the first meeting of the Board following your start date that the Company grant you an option to purchase [six percent (6%) of the fully diluted shares of the Company’s Common Stock as of the date of grant], at a price
per share equal to the fair market value per share of the Common Stock on the date of grant, as determined by the Board. Twenty-five percent (25%) of the shares subject to the option shall vest 12 months after the date your vesting begins, subject
to your continuing employment with the Company, and no shares shall vest before such date. The remaining shares shall vest monthly over the next 36 months in equal monthly amounts, subject to your continuing employment with the Company. This option
grant shall be subject to the terms and conditions of the Company’s Equity Incentive Plan and a stock option agreement. No right to any stock is earned or accrued until such time that vesting occurs, nor does the grant confer any right to
continue vesting or employment. Upon the closing of a Change of Control, 100% of the total number of unvested shares subject to the option shall vest, conditioned upon your employment with the Company on the date the Company signs a definitive
agreement with respect to such Change of Control and you executing and not revoking a release of claims in a reasonable and customary form provided by and acceptable to the Company. 

  
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 The Company is excited about your joining and looks forward to a beneficial and productive
relationship. Nevertheless, you should be aware that your employment with the Company is for no specified period and constitutes at-will employment. As a result, you are free to resign at any time, for any
reason or for no reason. Similarly, the Company is free to conclude its employment relationship with you at any time, with or without Cause, and with or without notice. We request that, in the event of resignation, you give the Company at least two
weeks’ notice. 
 If (i) your employment is terminated by the Company without Cause or if you voluntarily resign from your
employment for Good Reason and (ii) you sign a release of claims in a reasonable and customary form provided by and acceptable to the Company, then, following that release becoming effective and irrevocable, you will receive a continuation of
your then-current benefits and base salary, less applicable withholdings, for a period ending upon the earlier of (x) twelve (12) months following the date of such termination or resignation and (y) the date upon which you commence new
employment; provided, that if a Change of Control occurs following the Company’s initial public offering during your employment with the Company, any severance to be paid pursuant to the foregoing provision following such Change of
Control shall be paid for twelve (12) months following the date of any such termination or resignation, regardless of when you commence new employment. 

“Cause” is defined as: (1) your failure to substantially perform your material duties and obligations, which failure is not
cured to the sole and reasonable satisfaction of the Board within ten (10) business days after you receive a written demand for performance from the Company; (2) any act of personal dishonesty, moral turpitude, fraud, embezzlement,
misrepresentation, or other unlawful act committed by you that results in harm to the Company or its affiliates; (3) your violation of a federal or state law or regulation applicable to the business of the Company or its affiliates;
(4) your being convicted of, or entering a plea of nolo contendere or guilty to, a felony under the laws of the United States or its equivalent in the jurisdiction in which the act that constituted the felony occurred; or (5) your
material breach of the terms of this Agreement or any other agreement between you and the Company (or any affiliate of the Company). 

“Good Reason” is defined as the occurrence, without your prior written consent, of either of the following events: (1) a
material diminution of your base salary, unless such diminution is part of a generalized salary reduction affecting senior level (VP or higher) employees; (2) a material diminution of your authority, duties or responsibilities as an employee
relative to such authority, duties or responsibilities in effect immediately prior to such diminution; provided that your authority, duties and responsibilities will not be deemed to be materially reduced if you have reasonably comparable
authority, duties and responsibilities as an employee with respect to the Company’s business following a Change of Control, regardless of any change in title or whether you subsequently provide services to a subsidiary, affiliate, business
unit, division or otherwise; (3) a requirement that you relocate your principal residence to the state in which the Company’s principal business is conducted; or (4) a material breach by the Company of the agreement under which you
provides services to the Company, which failure is not cured to your sole and reasonable satisfaction within ten (10) business days after the Company receives a written demand for performance from you. 

  
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 “Change of Control” is defined as: (1) the acquisition of the Company by
another entity by means of any transaction or series of related transactions (including, without limitation, any reorganization, merger or consolidation or stock transfer, but excluding any such transaction effected primarily for the purpose of
changing the domicile of the Company), unless the Company’s stockholders of record immediately prior to such transaction or series of related transactions hold, immediately after such transaction or series of related transactions, at least 50%
of the voting power of the surviving or acquiring entity (provided that the sale by the Company of its securities for the purposes of raising additional funds shall not constitute a Change of Control hereunder); or (2) a sale of all or
substantially all of the assets of the Company. 
 The Company reserves the right to conduct background investigations and/or reference
checks on all of its potential employees. Your job offer, therefore, is contingent upon a clearance of such a background investigation and/or reference check, if any. For purposes of federal immigration law, you will be required to provide to the
Company documentary evidence of your identity and eligibility for employment in the United States. Such documentation must be provided to us within three (3) business days of your date of hire, or our employment relationship with you may be
terminated. 
 We also ask that, if you have not already done so, you disclose to the Company any and all agreements relating to your prior
employment that may affect your eligibility to be employed by the Company or limit the manner in which you may be employed, including but not limited to any non-compete agreements you may have entered into
with former or current employers. It is the Company’s understanding that any such agreements will not prevent you from performing the duties of your position and you represent that such is the case. Moreover, you agree that, during the term of
your employment with the Company, you will not engage in any other employment, occupation, consulting or other business activity directly related to the business in which the Company is now involved or becomes involved during the term of your
employment, nor will you engage in any other activities that conflict with your obligations to the Company. Similarly, you agree not to bring any third party confidential information to the Company, including that of your former employer, and that
in performing your duties for the Company you will not in any way utilize any such information. 
 As a Company employee, you will be
expected to abide by the Company’s rules and standards. Specifically, you will be required to sign an acknowledgment that you have read and that you understand the Company’s rules of conduct which are included in the Company Handbook. 

As a condition of your employment, you are also required to sign and comply with an At-Will Employment, Confidential Information, Invention
Assignment, and Arbitration Agreement (the “Confidentiality Agreement”) which requires, among other provisions, the assignment of patent rights to any invention made during your employment at the Company, and
non-disclosure of Company proprietary information, and which contains a non-compete provision. In the event of any dispute or claim relating to or arising out of our
employment relationship, you and the Company agree that (i) any and all disputes between you and the Company shall be fully and finally resolved by binding arbitration, (ii) you are waiving any and all rights to a jury trial but all court
remedies will be available in arbitration, (iii) all disputes shall be resolved by a neutral 

  
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 arbitrator who shall issue a written opinion, (iv) the arbitration shall provide for adequate
discovery, and (v) the Company shall pay all the arbitration fees, except an amount equal to the filing fees you would have paid had you filed a complaint in a court of law. Please note that we must receive your signed Confidentiality Agreement
before your first day of employment. 
 To accept the Company’s offer, please sign and date this letter in the space provided below. If
you accept our offer, your first day of employment will be May 9, 2017. This letter, along with any agreements relating to proprietary rights between you and the Company, sets forth the terms of your employment with the Company and supersede
any prior representations or agreements including, but not limited to, any representations made during your recruitment, interviews or pre-employment negotiations, whether written or oral. This letter, including, but not limited to, its at-will
employment provision, may not be modified or amended except by a written agreement signed by the Executive Chairman of the Board and you. This offer of employment will terminate if it is not accepted, signed and returned by the close of business on
April 28, 2017. 
 We look forward to your favorable reply and to working with you at the Company. 

 

	
	Sincerely,
	
	 /s/ Jay Watkins

	Jay Watkins
	Executive Chairman of the Board

  

			
	 Agreed to and accepted:

		
	 Signature:
	 	 /s/ Douglas E. Godshall

	Printed Name:	 	Douglas E. Godshall
	Date:	 	April 28, 2017

  
 - 4 -EX-10.8

 Exhibit 10.8 
  

 
 March 21, 2016 
 Daniel
K Puckett 
 Menlo Park, CA 
 VIA EMAIL 

Dear Dan: 
 I am pleased to offer you a position
with Shockwave Medical (the “Company”), as its Chief Financial Officer. If you decide to join us, you will receive an annual salary of $290,000 which will be paid semi-monthly in accordance with the Company’s normal payroll
procedures. As an employee, you will also be eligible to receive certain employee benefits including health, dental and vision care coverage, paid vacation and paid company holidays. 

In addition, if you decide to join the Company, it will be recommended at the first meeting of the Company’s Board of Directors following
your start date that the Company grant you an option to purchase 1,800,000 shares of the Company’s Common Stock, which equates to 1.01% of the current fully diluted shares of the Company, at a price per share equal to the fair market value per
share of the Common Stock on the date of grant, as determined by the Company’s Board of Directors. 25% of the shares subject to the option shall vest 12 months after the date your vesting begins subject to your continuing employment with the
Company, and no shares shall vest before such date. The remaining shares shall vest monthly over the next 36 months in equal monthly amounts subject to your continuing employment with the Company. This option grant shall be subject to the terms and
conditions of the Company’s Equity Incentive Plan and Stock Option Agreement, including vesting requirements. If, during the course of continued employment as defined by the Company’s Equity Incentive Plan and Stock Option Agreement, a
Change Of Control of the company according to the terms of the Stock Option Agreement should occur, all unvested options in the above mentioned grant shall be subject to “double trigger” accelerated vesting as defined in the Stock Option
Agreement. No right to any stock is earned or accrued until such time that vesting occurs, nor does the grant confer any right to continue vesting or employment. 

The Company is excited about your joining and looks forward to a beneficial and productive relationship. Nevertheless, you should be aware
that your employment with the Company is for no specified period and constitutes at-will employment. As a result, you are free to resign at any time, for any reason or for no reason. Similarly, the Company is
free to conclude its employment relationship with you at any time, with or without cause, and with or without notice. We request that, in the event of resignation, you give the Company at least three weeks notice. 

 The Company reserves the right to conduct background investigations and/or reference checks
on all of its potential employees. Your job offer, therefore, is contingent upon a clearance of such a background investigation and/or reference check, if any. 

For purposes of federal immigration law, you will be required to provide to the Company documentary evidence of your identity and eligibility
for employment in the United States. Such documentation must be provided to us within three (3) business days of your date of hire, or our employment relationship with you may be terminated. 

We also ask that, if you have not already done so, you disclose to the Company any and all agreements relating to your prior employment that
may affect your eligibility to be employed by the Company or limit the manner in which you may be employed. It is the Company’s understanding that any such agreements will not prevent you from performing the duties of your position and you
represent that such is the case. Moreover, you agree that, during the term of your employment with the Company, you will not engage in any other employment, occupation, consulting or other business activity directly related to the business in which
the Company is now involved or becomes involved during the term of your employment, nor will you engage in any other activities that conflict with your obligations to the Company. Similarly, you agree not to bring any third party confidential
information to the Company, including that of your former employer, and that in performing your duties for the Company you will not in any way utilize any such information. 

As a Company employee, you will be expected to abide by the Company’s rules and standards. Specifically, you will be required to sign an
acknowledgment that you have read and that you understand the Company’s rules of conduct which are included in the Company Handbook, which the Company will soon complete and distribute. 

As a condition of your employment, you are also required to sign and comply with an At-Will
Employment, Confidential Information, Invention Assignment and Arbitration Agreement which requires, among other provisions, the assignment of patent rights to any invention made during your employment at the Company, and non-disclosure of Company proprietary information. In the event of any dispute or claim relating to or arising out of our employment relationship, you and the Company agree that (i) any and all disputes between
you and the Company shall be fully and finally resolved by binding arbitration, (ii) you are waiving any and all rights to a jury trial but all court remedies will be available in arbitration, (iii) all disputes shall be resolved by a
neutral arbitrator who shall issue a written opinion, (iv) the arbitration shall provide for adequate discovery, and (v) the Company shall pay all the arbitration fees, except an amount equal to the filing fees you would have paid had you
filed a complaint in a court of law. Please note that we must receive your signed Agreement before your first day of employment. 
 To
accept the Company’s offer, please sign and date this letter in the space provided below. If you accept our offer, your first day of employment will be on or before April 15, 2016. 

  
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 This letter, along with any agreements relating to proprietary rights between you and the Company, set forth
the terms of your employment with the Company and supersede any prior representations or agreements including, but not limited to, any representations made during your recruitment, interviews or pre-employment
negotiations, whether written or oral. This letter, including, but not limited to, its at-will employment provision, may not be modified or amended except by a written agreement signed by the CEO of the
Company and you. This offer of employment will terminate if it is not accepted, signed and returned by March 24, 2016. 
 We look
forward to your favorable reply and to working with you at Shockwave Medical. 
 Sincerely, 

 

	
	 /s/ Daniel Hawkins

	Daniel Hawkins
	Founder, CEO

 Agreed to and accepted: 
  

			
	Signature:	 	 /s/ Dan K. Puckett

	Printed Name:	 	Dan K. Puckett
	Date:	 	3/23/16

  
 -3-

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