Galimi Francesco 4
4 · Adicet Bio, Inc. · Filed Jan 26, 2024
Insider Transaction Report
Form 4
Adicet Bio, Inc.ACET
Galimi Francesco
Chief Medical Officer
Transactions
- Tax Payment
Common Stock
2024-01-24$2.40/sh−4,957$11,897→ 75,501 total - Award
Common Stock
2024-01-24+26,300→ 101,801 total - Award
Stock Option (Right to Buy)
2024-01-24+288,134→ 288,134 totalExercise: $2.40Exp: 2034-01-23→ Common Stock (288,134 underlying)
Footnotes (3)
- [F1]Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units and does not represent a sale by the Reporting Person.
- [F2]The Reporting Person was issued RSUs. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs shall vest in three (3) annual installments, with the first tranche vesting on January 24, 2025. The RSUs may be settled only by delivering shares of Common Stock, and thus, the grant is being reported in Table I as allowed per SEC guidance.
- [F3]1/48th of the shares shall vest on each of the next forty-eight (48) monthly anniversaries of the grant date, provided that the Reporting Person maintains a service relationship with the Issuer as of the applicable vesting dates.