John L. Higgins - 01 Nov 2022 Form 4 Insider Report for OmniAb, Inc. (OABI)

Role: Director
Signature: /s/ Charles S. Berkman, Attorney-in-Fact
Issuer symbol: OABI
Transactions as of: 01 Nov 2022
Net transactions value: +$621,553
Form type: 4
Filing time: 03 Nov 2022, 21:15:12 UTC
Previous filing: 31 Oct 2022
Next filing: 21 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OABI	Common Stock	Award		+2,176,521			2,176,521	01 Nov 2022	Direct	F1, F2, F3
transaction	OABI	Common Stock	Options Exercise	$621,553	+246,648	+11%	$2.52	2,423,169	02 Nov 2022	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
transaction	OABI	Stock Option	Award		+246,648			246,648	01 Nov 2022	Common Stock	246,648	$2.52	Direct	F1, F4
transaction	OABI	Stock Option	Award		+61,362			61,362	01 Nov 2022	Common Stock	61,362	$3.68	Direct	F1, F4
transaction	OABI	Stock Option	Award		+400,808			400,808	01 Nov 2022	Common Stock	400,808	$8.54	Direct	F1, F4
transaction	OABI	Stock Option	Award		+232,971			232,971	01 Nov 2022	Common Stock	232,971	$6.46	Direct	F1, F4
transaction	OABI	Stock Option	Award		+232,136			232,136	01 Nov 2022	Common Stock	232,136	$9.84	Direct	F1, F4
transaction	OABI	Stock Option	Award		+186,843			186,843	01 Nov 2022	Common Stock	186,843	$11.52	Direct	F1, F4
transaction	OABI	Stock Option	Award		+177,194			177,194	01 Nov 2022	Common Stock	177,194	$18.24	Direct	F1, F4
transaction	OABI	Stock Option	Award		+250,843			250,843	01 Nov 2022	Common Stock	250,843	$13.54	Direct	F1, F5
transaction	OABI	Stock Option	Award		+260,646			260,646	01 Nov 2022	Common Stock	260,646	$10.98	Direct	F1, F6
transaction	OABI	Stock Option	Award		+107,506			107,506	01 Nov 2022	Common Stock	107,506	$20.36	Direct	F1, F7
transaction	OABI	Stock Option	Options Exercise	$0	-246,648	-100%	$0.000000^*	0	02 Nov 2022	Common Stock	246,648	$2.52	Direct	F4

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

Explanation of Responses:

Id	Content
F1	Pursuant to the business combination of Avista Public Acquisition Corp. II and OmniAb, Inc. ("Legacy OmniAb"), as contemplated by an agreement and plan of merger, dated March 23, 2022 (the "Merger Agreement"), each share of common stock, option and award of restricted stock unit of Legacy OmniAb automatically converted into the right to receive securities of the Issuer with the same terms and conditions in accordance with an exchange ratio described in the Merger Agreement.
F2	Includes 183,384 restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock and does not expire.
F3	Includes 362,232 earn-out shares subject to forfeiture provisions described in the Merger Agreement.
F4	The stock option is fully vested and exercisable.
F5	The stock option vests and is exercisable as to 12.5% of the underlying shares on August 11, 2019, and in 42 substantially equal monthly installments thereafter.
F6	The stock option vests and is exercisable as to 12.5% of the underlying shares on August 13, 2020, and in 42 substantially equal monthly installments thereafter.
F7	The stock option vests and is exercisable as to 12.5% of the underlying shares on August 3, 2021, and in 42 substantially equal monthly installments thereafter.