Gregory R. Blatt - Nov 10, 2021 Form 3 Insider Report for Vaxxinity, Inc. (VAXX)

Role: Director
Signature: /s/ Rene Paula, attorney-in-fact for Gregory R. Blatt
Stock symbol: VAXX
Transactions as of: Nov 10, 2021
Transactions value $: $0
Form type: 3
Date filed: 11/10/2021, 03:56 PM
Next filing: Nov 15, 2021

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	VAXX	Stock option (right to buy)							Nov 10, 2021	Class A common stock	450K	$10.07	Direct	F1
holding	VAXX	Series A preferred stock							Nov 10, 2021	Class A common stock			See Note	F2, F3
holding	VAXX	Series A preferred stock							Nov 10, 2021	Class A common stock			See Note	F4, F5
holding	VAXX	Series B preferred stock							Nov 10, 2021	Class A common stock			See Note	F6, F7

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

Explanation of Responses:

Id	Content
F1	Represents 449,871 time-vesting options. These options are subject to a two-year vesting schedule, beginning on 7/28/2021, vesting in equal installments each month during the vesting period.
F2	The 968,636 shares of Series A preferred stock will convert into 622,516 shares of Class A common stock automatically upon closing of the initial public offering based on a conversion rate of approximately 0.643 shares of Class A common stock for each share of Series A preferred stock.
F3	These shares are held by Blatt Family Investments LLC ("BFI"). The Reporting Person is the investment manager and a member of BFI, as well as the investment advisor of The Gregory R. Blatt 2018 GST Trust, which is also a member of BFI. The Reporting Person disclaims beneficial ownership, within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by BFI in which the Reporting Person has no pecuniary interest.
F4	The 83,329 shares of Series A preferred stock will convert into 53,553 shares of Class A common automatically upon closing of the initial public offering based on a conversion rate of approximately 0.643 shares of Class A common stock for each share of Series A preferred stock.
F5	These shares are held by The Gregory R. Blatt 2020 Annuity Trust IX. The Reporting Person is the sole trustee and the investment advisor with all investment authority.
F6	The 250,000 shares of Series B preferred stock will convert into 160,668 shares of Class A common stock automatically upon closing of the initial public offering based on a conversion rate of approximately 0.643 shares of Class A common stock for each share of Series B preferred stock.
F7	These shares are held by The Gregory R. Blatt 2020 Annuity Trust III. The Reporting Person is the sole trustee and the investment advisor with all investment authority.

Remarks:

Exhibit 24 - Power of Attorney