Andrew R. Neill - Jan 10, 2024 Form 4 Insider Report for Shattuck Labs, Inc. (STTK)

Signature
/s/ Andrew R. Neill
Stock symbol
STTK
Transactions as of
Jan 10, 2024
Transactions value $
-$274,922
Form type
4
Date filed
1/16/2024, 04:35 PM
Previous filing
Jan 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STTK Common Stock Award $0 +56.5K +39.12% $0.00 201K Jan 10, 2024 Direct F1
transaction STTK Common Stock Tax liability -$24.9K -2.47K -1.23% $10.09 198K Jan 10, 2024 Direct
transaction STTK Common Stock Sale -$250K -25K -12.6% $10.00 173K Jan 10, 2024 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 STTK Stock Option (Right to Buy) Award $0 +113K $0.00 113K Jan 10, 2024 Common Stock 113K $10.09 Direct F2
* 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 Consists of 56,500 restricted stock units, which will vest in four equal annual installments beginning on January 10, 2025, subject to the Reporting Person's continued service to the Issuer.
F2 This option represents a right to purchase a total of 113,000 shares of the Issuer's common stock, one quarter of which will vest on January 10, 2025, with the remaining three quarters vesting in equal monthly installments through January 10, 2028, subject to the Reporting Person's continued service to the Issuer.