4//SEC Filing
Baker Keith 4
Accession 0000950170-24-044848
CIK 0001445283other
Filed
Apr 15, 8:00 PM ET
Accepted
Apr 16, 5:01 PM ET
Size
6.8 KB
Accession
0000950170-24-044848
Insider Transaction Report
Form 4
Baker Keith
Chief Financial Officer
Transactions
- Award
Stock Option (Right to Buy)
2024-04-14+225,000→ 225,000 totalExercise: $0.36Exp: 2034-04-13→ Common Stock (225,000 underlying)
Footnotes (2)
- [F1]25% of the shares are vested and exercisable upon the grant, 25% of the shares will vest and become exercisable over the 36 month period following the award on the one-month anniversary of the vesting commencement date subject to the reporting person's continuous service status through each vesting date, and 50% of the shares will vest and become exercisable subject to the achievement of a Transaction or Qualified Transaction.
- [F2]Footnote 2 is a continuation of Footnote 1: A "Qualified Transaction" is defined as either (i) a capital raise commitment of greater than $25 million with a minimum of $10 million upon closing or (ii) a partnership event resulting in an upfront cash payment to the Company of at least $15 million with future milestones of greater than $100 million (in cash and equity). In the event the Board of Directors of the Company approves a transaction that does not meet the criteria of a Qualified Transaction, it shall be deemed a "Transaction". In the event of the Qualified Transaction, all such shares shall immediately become fully vested and exercisable. In the event of a Transaction, all shares shall vest in an equal monthly number such that the shares will be vested and exercisable in full 36 months following the award date.
Documents
Issuer
KINETA, INC./DE
CIK 0001445283
Entity typeother
Related Parties
1- filerCIK 0001958092
Filing Metadata
- Form type
- 4
- Filed
- Apr 15, 8:00 PM ET
- Accepted
- Apr 16, 5:01 PM ET
- Size
- 6.8 KB