Isabelle Buckle - 31 Jan 2022 Form 4 Insider Report for Quotient Ltd

Role: Director
Signature: /s/ Isabelle Buckle
Issuer symbol: N/A
Transactions as of: 31 Jan 2022
Net transactions value: $0
Form type: 4
Filing time: 02 Feb 2022, 15:05:43 UTC
Previous filing: 02 Nov 2021
Next filing: 28 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QTNT	Ordinary Shares	Sale		-1,961	-7.4%		24,499	31 Jan 2022	Direct	F1, F7
transaction	QTNT	Ordinary Shares	Options Exercise		+6,917	+35%		26,460	31 Jan 2022	Direct	F1

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	-6,917	-25%	$0.000000	20,751	31 Jan 2022	Ordinary Shares	6,917		Direct	F1, F5
holding	QTNT	Ordinary Share Option (Right to Buy)						20,790	31 Jan 2022	Ordinary Shares	20,790	$4.81	Direct	F2
holding	QTNT	Ordinary Share Option (Right to Buy)						2,171	31 Jan 2022	Ordinary Shares	2,171	$4.81	Direct	F3
holding	QTNT	Ordinary Share Option (Right to Buy)						13,611	31 Jan 2022	Ordinary Shares	13,611	$4.55	Direct	F4
holding	QTNT	Ordinary Share Option (Right to Buy)						24,040	31 Jan 2022	Ordinary Shares	24,040	$2.53	Direct	F6

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

Explanation of Responses:

Id	Content
F1	Restricted Stock Units convert into ordinary shares on a one-for-one basis.
F2	6,930 options vested on September 1, 2021 and remain exercisable, and the remaining 13,860 options will vest in two equal installments on September 1, 2022 and September 2, 2023.
F3	724 options vested on October 31, 2021 and remain exercisable, and the remaining 723 options will vest on October 31, 2022.
F4	All 13,611 options have vested and remain exercisable.
F5	On October 31, 2021, the Reporting Person was granted 27,668 restricted stock units, of which 6,917 have vested and have converted into ordinary shares. The remaining 20,751 restricted stock units will vest in three equal installments on April 30, 2022, July 31, 2022 and October 31, 2022.
F6	The options vest and become exercisable on October 31, 2022.
F7	The sale reported on this Form 4 is a sale to cover taxes arising from the vesting and settlement of RSU awards. This sale is mandated by the Reporting Person's election to fund such taxes by completing a "sell to cover" transaction with a brokerage firm designated by the Issuer.