Isabelle Buckle - Jul 31, 2022 Form 4 Insider Report for Quotient Ltd (QTNT)

Role: Director
Signature: /s/ Isabelle Buckle
Stock symbol: QTNT
Transactions as of: Jul 31, 2022
Transactions value $: $0
Form type: 4
Date filed: 8/2/2022, 05:35 PM
Previous filing: Jun 28, 2022
Next filing: Nov 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QTNT	Ordinary Shares	Sale		-2.48K	-6.85%		33.7K	Jul 31, 2022	Direct	F1, F7
transaction	QTNT	Ordinary Shares	Options Exercise		+6.92K	+23.61%		36.2K	Jul 31, 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	-6.92K	-50%	$0.00	6.92K	Jul 31, 2022	Ordinary Shares	6.92K		Direct	F1, F5
holding	QTNT	Ordinary Share Option(Right to Buy)						20.8K	Jul 31, 2022	Ordinary Shares	20.8K	$4.81	Direct	F2
holding	QTNT	Ordinary Share Option(Right to Buy)						2.17K	Jul 31, 2022	Ordinary Shares	2.17K	$4.81	Direct	F3
holding	QTNT	Ordinary Share Option(Right to Buy)						13.6K	Jul 31, 2022	Ordinary Shares	13.6K	$4.55	Direct	F4
holding	QTNT	Ordinary Share Option(Right to Buy)						24K	Jul 31, 2022	Ordinary Shares	24K	$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 20,751 have vested and have converted into ordinary shares. The remaining 6,917 restricted stock units will vest on 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.