DeSimone Jill 4
4 · Kinnate Biopharma Inc. · Filed Apr 5, 2024
Insider Transaction Report
Form 4
DeSimone Jill
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2024-04-03−50,000→ 0 totalExercise: $5.21Exp: 2033-03-01→ Common Stock (50,000 underlying)
Footnotes (1)
- [F1]This option was cancelled pursuant to that certain Agreement and Plan of Merger, dated February 16, 2024, by and between the Issuer, XOMA Corporation and XRA 1 Corp. (the "Merger Agreement") in exchange for one non-transferable contingent value right ("CVR") for each share underlying such out-of-the-money option. However, please note that such CVRs will provide payment only after the amounts payable under such CVRs exceed a threshold equal to the excess of the per share exercise price of such out-of-the-money option over the Cash Amount.