Jennifer Michaelson - 06 Jun 2023 Form 4 Insider Report for Cullinan Oncology, Inc. (CGEM)

Role
Chief Development Officer
Signature
/s/ Jacquelyn Sumer, Attorney-in-Fact
Issuer symbol
CGEM
Transactions as of
06 Jun 2023
Net transactions value
-$96,129
Form type
4
Filing time
08 Jun 2023, 17:10:58 UTC
Previous filing
19 May 2023
Next filing
14 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CGEM Common Stock Options Exercise $51,170 +11,900 +13% $4.30 102,347 06 Jun 2023 Direct
transaction CGEM Common Stock Sale $146,489 -11,900 -12% $12.31 90,447 06 Jun 2023 Direct F1, F2
transaction CGEM Common Stock Options Exercise $430 +100 +0.11% $4.30 90,547 07 Jun 2023 Direct
transaction CGEM Common Stock Sale $1,240 -100 -0.11% $12.40 90,447 07 Jun 2023 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 CGEM Stock Option (Right to Buy) Options Exercise $0 -11,900 -5.9% $0.000000 188,693 06 Jun 2023 Common Stock 11,900 $4.30 Direct F3
transaction CGEM Stock Option (Right to Buy) Options Exercise $0 -100 -0.05% $0.000000 188,593 07 Jun 2023 Common Stock 100 $4.30 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Transaction effected pursuant to a plan established pursuant to Rule 10b5-1 on April 29, 2021, as amended on June 24, 2022.
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $12.30 to $12.35. The Reporting Person undertakes to provide to the Issuer, any shareholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 25% of the shares vested on July 4, 2020, and the remaining shares shall vest in 36 equal monthly installments thereafter, subject to the Reporting Person's continuous service to the Issuer on each such date.