Rebecca J. Parsons - Sep 14, 2021 Form 3 Insider Report for Turing Holding Corp. (TWKS)

Role
Chief Technology Officer
Signature
/s/ Christine McKillip as Attorney-in-Fact for the Reporting Person
Stock symbol
TWKS
Transactions as of
Sep 14, 2021
Transactions value $
$0
Form type
3
Date filed
9/14/2021, 09:52 PM
Next filing
Sep 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TWKS Common Stock 681K Sep 14, 2021 Direct

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 TWKS Options to purchase common stock Sep 14, 2021 Common Stock 847K $2.29 Direct F1
holding TWKS Options to purchase common stock Sep 14, 2021 Common Stock 154K $2.48 Direct F1
holding TWKS Options to purchase common stock Sep 14, 2021 Common Stock 12.5K $5.16 Direct F1
holding TWKS Stock appreciation rights Sep 14, 2021 Common Stock 2.01K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Options on Class C Common Stock of Turing Holding Corp. (the "Company"), which will become options on the Company's common stock upon completion of the Company's initial public offering (the "IPO"). The reported securities were received, pursuant to the methodology and conversion ratio set forth in the registration statement filed by the Issuer with the SEC on September 7, 2021 relating to the offering reorganization transactions (the "Transactions"), with a portion of the reported securities fully vested on the date of the Transactions and a portion that remains subject to vesting terms that applied to the pre-conversion options held by the Reporting Person prior to the Transactions.
F2 The reported securities represent stock appreciation rights ("SARs") with respect to the Class C Common Stock of the Company, which will become SARs on the Company's common stock upon completion of the IPO. The reported securities were received, pursuant to the methodology and conversion ratio set forth in the registration statement filed by the Issuer with the SEC on September 7, 2021 relating to the Transactions.

Remarks:

Exhibit 24 - Power of Attorney