Canton Barry 4
4 · Ginkgo Bioworks Holdings, Inc. · Filed Apr 29, 2024
Insider Transaction Report
Form 4
Canton Barry
10% Owner
Transactions
- Award
Stock Option
2024-04-25+5,000,000→ 5,000,000 totalExercise: $2.50Exp: 2034-04-25→ Class A Common Stock (5,000,000 underlying) - Award
Stock Option
2024-04-25+5,000,000→ 5,000,000 total(indirect: By Spouse)Exercise: $2.50Exp: 2034-04-25→ Class A Common Stock (5,000,000 underlying)
Footnotes (1)
- [F1]The options are subject both to time-based and performance-based vesting criteria (the "Founder Options"). The performance-based vesting is tied to the achievement of four specified stock price hurdles within a five-year period, with 10% of the Founder Options vesting based on the achievement of a 90-calendar-day average stock price of $5.00, 10% of the Founder Options vesting based on the achievement of a 90-calendar-day average stock price of $7.50, 20% of the Founder Options vesting based on the achievement of a 90-calendar-day average stock price of $10.00 and the remaining 60% of the Founder Options vesting based on the achievement of a 90-calendar-day average stock price of $12.50. If any of the performance-based criteria are achieved during the five-year performance period, the awards will vest on the five-year anniversary of the grant date, subject to the Reporting Person's or spouse's continued employment with Ginkgo on such anniversary.