Laurent Humeau - Mar 8, 2022 Form 4 Insider Report for INOVIO PHARMACEUTICALS, INC. (INO)

Role: Chief Scientific Officer
Signature: /s/ Laurent Humeau
Stock symbol: INO
Transactions as of: Mar 8, 2022
Transactions value $: -$22,435
Form type: 4
Date filed: 3/9/2022, 03:06 PM
Previous filing: Mar 1, 2022
Next filing: Mar 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INO	Common Stock	Options Exercise		+19.9K	+24.1%		102K	Mar 8, 2022	Direct	F1
transaction	INO	Common Stock	Tax liability	-$22.4K	-6.88K	-6.71%	$3.26^*	95.6K	Mar 8, 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	INO	Restricted Stock Unit	Options Exercise	$0	-19.9K	-100%	$0.00^*	0	Mar 8, 2022	Common Stock	19.9K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of common stock. The vesting schedule for the 59,700 restricted stock units is as follows: 19,900 shares vested on March 8, 2020; 19,900 shares vested on March 8, 2021; 19,900 shares vested on March 8, 2022. Vested restricted stock units can be settled in shares of common stock, cash or a combination of both.
F2	The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the vesting and settlement of the restricted stock unit award reported in footnote (1) herein.