Schwabish Marc 4
4 · Tectonic Therapeutic, Inc. · Filed Jun 24, 2024
Insider Transaction Report
Form 4
Schwabish Marc
Chief Business Officer
Transactions
- Award
Employee Stock Option (Right to Buy)
2024-06-20+91,214→ 91,214 totalExercise: $2.38Exp: 2031-06-27→ Common Stock (91,214 underlying) - Award
Employee Stock Option (Right to Buy)
2024-06-20+8,016→ 8,016 totalExercise: $5.38Exp: 2033-11-30→ Common Stock (8,016 underlying) - Award
Employee Stock Option (Right to Buy)
2024-06-20+61,600→ 61,600 totalExercise: $16.80Exp: 2034-06-19→ Common Stock (61,600 underlying)
Footnotes (6)
- [F1]Upon the closing of the Merger, each outstanding option to purchase shares of Tectonic common stock was assumed by the Issuer and converted into an option to purchase the Issuer's common stock, on the same terms and conditions as were applicable to such Tectonic stock option prior to the Merger, as adjusted for the exchange ratio and the reverse stock split.
- [F2]The shares subject to the option vest as to 25% of the shares on March 15, 2022 with the remainder vesting in the following 36 equal monthly installments, subject to the Reporting Person's continued service on each such vesting date.
- [F3]Received in exchange for a stock option to acquire 170,679 shares of Tectonic common stock pursuant to the Merger Agreement.
- [F4]The shares subject to the option vest in 48 equal monthly installments beginning on December 1, 2023, subject to the Reporting Person's continued service to the Issuer on each such vesting date
- [F5]Received in exchange for a stock option to acquire 15,000 shares of Tectonic common stock pursuant to the Merger Agreement.
- [F6]The shares subject to the option vest as to 25% of the shares on June 20, 2025 with the remainder vesting in the following 36 equal monthly installments, subject to the Reporting Person's continued service on each such vesting date.