Jeremy Stackawitz - May 24, 2021 Form 4 Insider Report for Quotient Ltd (QTNT)

Role: Chief Commercial Officer
Signature: /s/ Jeremy Stackawitz
Stock symbol: QTNT
Transactions as of: May 24, 2021
Transactions value $: -$49,818
Form type: 4
Date filed: 5/25/2021, 04:05 PM
Next filing: Jun 11, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QTNT	Ordinary Shares	Options Exercise		+37K	+32.75%		150K	May 24, 2021	Direct	F5
transaction	QTNT	Ordinary Shares	Tax liability	-$49.8K	-11.2K	-7.47%	$4.45^*	139K	May 24, 2021	Direct	F10

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	QTNT	Restricted Stock Units	Options Exercise	$0	-10.3K	-100%	$0.00^*	0	May 24, 2021	Ordinary Shares	10.3K		Direct	F5, F6
transaction	QTNT	Restricted Stock Units	Options Exercise	$0	-11.7K	-50%	$0.00	11.7K	May 24, 2021	Ordinary Shares	11.7K		Direct	F5, F7
transaction	QTNT	Restricted Stock Units	Options Exercise	$0	-15K	-33.33%	$0.00	30K	May 24, 2021	Ordinary Shares	15K		Direct	F5, F8
holding	QTNT	Employee Stock Option (right to buy)						20K	May 24, 2021	Ordinary Shares	20K	$11.92	Direct	F1
holding	QTNT	Employee Stock Option (right to buy)						22.5K	May 24, 2021	Ordinary Shares	22.5K	$15.17	Direct	F2
holding	QTNT	Employee Stock Option (right to buy)						60K	May 24, 2021	Ordinary Shares	60K	$8.00	Direct	F3
holding	QTNT	Employee Stock Option (right to buy)						40K	May 24, 2021	Ordinary Shares	40K	$7.58	Direct	F4
holding	QTNT	Ordinary Share Option (Right to Buy)						30K	May 24, 2021	Ordinary Shares	30K	$4.72	Direct	F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	All 20,000 options have vested and remain exercisable.
F2	All 22,500 options have vested and remain exercisable.
F3	All 60,000 options have vested and remain exercisable.
F4	All 40,000 options have vested and remain exercisable.
F5	Restricted Stock Units convert into ordinary shares on a one-for-one basis.
F6	On May 24, 2018, the Reporting Person was granted 30,961 Restricted Stock Units, all of which have vested and have been exercised.
F7	On May 24, 2019, the Reporting Person was granted 35,000 Restricted Stock Units, of which 23,334 have vested and have been exercised. The remaining 11,666 will vest on May 24, 2022.
F8	On May 24, 2020, the Reporting Person was granted 45,000 Restricted Stock Units, of which 15,000 have vested and have been exercised. The remaining 30,000 Restricted Stock Units will vest in two equal installments on May 24, 2022 and May 24, 2023.
F9	The option vests and becomes exercisable in three equal annual installments beginning October 31, 2021.
F10	Represents shares withheld to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of restricted stock units.