Michael David Varney - 15 Jul 2021 Form 3 Insider Report for Erasca, Inc. (ERAS)

Role
Director
Signature
/s/ Ebun S. Garner, Attorney-in-Fact
Issuer symbol
ERAS
Transactions as of
15 Jul 2021
Net transactions value
$0
Form type
3
Filing time
15 Jul 2021, 21:40:48 UTC
Next filing
27 Dec 2021
SEC
View on sec.gov

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
holding ERAS Stock Option (Right to Buy) 15 Jul 2021 Common Stock 125,000 $1.25 Direct F1
holding ERAS Stock Option (Right to Buy) 15 Jul 2021 Common Stock 83,333 $1.25 Direct F2
holding ERAS Stock Option (Right to Buy) 15 Jul 2021 Common Stock 166,666 $3.36 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 25% of the shares subject to the options vest on August 15, 2021, the one-year anniversary of the vesting commencement date, and 1/48th of the shares subject to the option vest monthly thereafter.
F2 25% of the shares subject to the options vest on September 1, 2021, the one-year anniversary of the vesting commencement date, and 1/48th of the shares subject to the option vest monthly thereafter.
F3 25% of the shares subject to the options vest on December 17, 2021, the one-year anniversary of the vesting commencement date, and 1/48th of the shares subject to the option vest monthly thereafter.

Remarks:

Exhibit 24 - Power of Attorney