Ryan David Lake - 19 Jan 2023 Form 4 Insider Report for Societal CDMO, Inc.

Role: Chief Financial Officer
Signature: /s/ Ryan D. Lake
Issuer symbol: N/A
Transactions as of: 19 Jan 2023
Net transactions value: -$57,941
Form type: 4
Filing time: 23 Jan 2023, 18:49:28 UTC
Previous filing: 20 Jan 2023
Next filing: 02 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SCTL	Common Stock	Award		+84,848	+17%		596,116	19 Jan 2023	Direct	F1
transaction	SCTL	Common Stock	Tax liability	$38,305	-28,374	-4.8%	$1.35	567,742	19 Jan 2023	Direct	F2
transaction	SCTL	Common Stock	Award	$0	+230,944	+41%	$0.000000	798,686	19 Jan 2023	Direct	F3
transaction	SCTL	Common Stock	Tax liability	$19,636	-14,438	-1.8%	$1.36	784,248	20 Jan 2023	Direct	F4

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	SCTL	Stock Option (Right to Buy)	Award	$0	+160,929		$0.000000	160,929	19 Jan 2023	Common Stock	160,929	$1.35	Direct	F5

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

Explanation of Responses:

Id	Content
F1	On January 19, 2023, the Compensation Committee of the Board of Directors of the Company determined that performance-vesting criteria were met with regard to 84,848 performance-based restricted stock units granted in a prior year, which were converted into 84,848 shares of common stock on a one-for-one basis.
F2	Shares withheld by the Company to satisfy applicable withholding taxes upon vesting of the performance-based restricted stock units.
F3	Subject to shareholders approving an increase in the number of authorized shares of common stock at the Company's 2023 annual meeting of shareholders, these restricted stock units will vest in four equal annual installments beginning on January 19, 2024, subject to continued service with the Company.
F4	Shares withheld by the Company to satisfy applicable withholding taxes upon vesting of restricted stock units.
F5	Subject to shareholders approving an increase in the number of authorized shares of common stock at the Company's 2023 annual meeting of shareholders, the stock option vests in equal monthly installments over 48 months, beginning on February 19, 2023, subject to continued service with the Company.