Thornberry Nancy 4

4 · Denali Therapeutics Inc. · Filed Jun 5, 2026

AI-generated summary of this filing

Updated Jun 5, 2026

Denali (DNLI) Director Nancy Thornberry Receives RSU and Option Awards

What Happened

Nancy Thornberry, a director of Denali Therapeutics (DNLI), received equity awards on June 3, 2026: 6,408 restricted stock units (RSUs) and a derivative award covering 19,226 shares. Both grants were reported as acquired at $0.00, so no cash was paid. Combined, the awards cover 25,634 underlying shares.

Key Details

Transaction date: 2026-06-03; Form 4 filed: 2026-06-05 (timely filing).
Prices: both grants recorded at $0.00 (compensation awards).
Total shares involved: 6,408 RSUs + 19,226 derivative shares = 25,634 underlying shares.
Shares owned after transaction: not specified in the filing.
Footnotes:
- F1: Each RSU represents a contingent right to one share; vesting tied to schedule below.
- F2: The 6,408 are unvested RSUs.
- F3: The derivative award vests 100% upon the earlier of one-year anniversary of grant or the day before the issuer’s next annual meeting.
Transaction type: Award/Grant (code A) — compensation, not an open-market purchase.

Context

These awards are compensation grants to a director; they do not indicate an open-market buy or sale. The derivative award appears to be an equity-based grant (option-like or similar) with a one-year cliff vesting, meaning the awards generally vest in full after one year or before the next annual meeting, whichever comes first.

Form 4

Period: 2026-06-03

Director

Transactions

Award
Common Stock
[F1][F2]
2026-06-03+6,408→ 31,125 total
Award
Stock Option (right to buy)
[F3]
2026-06-03+19,226→ 19,226 total
Exercise: $19.66Exp: 2036-06-03→ Common Stock (19,226 underlying)

Footnotes (3)

[F1]Each share is represented by a Restricted Stock Unit ("RSU") and a contingent right to receive one share of common stock of the Issuer. 100% of the RSUs shall vest upon the earlier of (i) the one year anniversary of the grant date or (ii) the day preceding the Issuer's next annual meeting of stockholders occurring after the grant date.
[F2]Includes 6,408 unvested RSUs.
[F3]100% of the shares subject to the option shall vest upon the earlier of (i) the one year anniversary of the grant date or (ii) the day preceding the Issuer's next annual meeting of stockholders occurring after the grant date.

Signature

/s/ Tyler Nielsen, by power of attorney|2026-06-05

1 file