Santosh Shanbhag - Nov 2, 2022 Form 4 Insider Report for Akili, Inc. (AKLI)

Role
Chief Financial Officer
Signature
/s/ Jacqueline Studer, attorney-in-fact
Stock symbol
AKLI
Transactions as of
Nov 2, 2022
Transactions value $
$0
Form type
4
Date filed
11/4/2022, 06:53 PM
Previous filing
Dec 13, 2022
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKLI Common Stock Award +19.8K 19.8K Nov 2, 2022 Direct F1
transaction AKLI Common Stock Award +285K +1437.99% 304K Nov 2, 2022 Direct F2

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 AKLI Stock Option (Right to Buy) Award $0 +80.4K $0.00 80.4K Nov 2, 2022 Common Stock 80.4K $2.30 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock units ("RSUs") under the Akili, Inc. 2022 Stock Option and Incentive Plan (the "Plan"). Each RSU represents the contingent right to receive one share of the Issuer's common stock upon vesting and settlement. 16.67% of the RSUs underlying this grant shall vest on May 2, 2023, with an additional 16.67% vesting at the end of each six (6) month period thereafter, subject to the reporting person's continued service on each such vesting date.
F2 Represents a grant of RSUs under the Plan. Each RSU represents the contingent right to receive one share of the Issuer's common stock upon vesting and settlement. The RSUs underlying this grant shall vest upon the Issuer's common stock achieving certain specified prices per share, subject to the reporting person's continued service at such time.
F3 16.67% of the shares underlying this option shall vest and become exercisable on May 2, 2023, with an additional 16.67% vesting at the end of each six (6) month period thereafter, subject to the reporting person's continued service on each such vesting date.