Reid Leonard - 30 Dec 2021 Form 4 Insider Report for Werewolf Therapeutics, Inc. (HOWL)

Role: Chief Operating Officer
Signature: /s/ Reid Leonard
Issuer symbol: HOWL
Transactions as of: 30 Dec 2021
Net transactions value: +$21,999
Form type: 4
Filing time: 04 Jan 2022, 15:26:40 UTC
Previous filing: 17 Dec 2021
Next filing: 18 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HOWL	Common Stock	Options Exercise	$21,999	+14,102		$1.56	14,102	30 Dec 2021	Direct
holding	HOWL	Common Stock						122,157	30 Dec 2021	By The Leonard Revocable Living Trust

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	HOWL	Stock Option (Right to Buy)	Options Exercise	$0	-14,102	-23%	$0.000000	47,034	30 Dec 2021	Common Stock	14,102	$1.56	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The option was granted on May 20, 2020 with a Vesting Commencement Date of June 1, 2020. The shares underlying the option vest over four years, with 25% of the shares vesting on the first anniversary of the Vesting Commencement Date and 2.0833% of the shares vesting each month thereafter through June 1, 2024.