SUSAN BOBULSKY - 04 Mar 2024 Form 4 Insider Report for Adaptive Biotechnologies Corp (ADPT)

Role: Chief Commercial Officer, MRD
Signature: Susan Bobulsky by Stacy L. Taylor, Attorney-in-Fact
Issuer symbol: ADPT
Transactions as of: 04 Mar 2024
Net transactions value: -$44,629
Form type: 4
Filing time: 06 Mar 2024, 19:39:33 UTC
Previous filing: 06 Mar 2024
Next filing: 10 Oct 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ADPT	Common Stock	Award	$0	+132,979	+104%	$0.000000	261,281	04 Mar 2024	Direct
transaction	ADPT	Common Stock	Sale	$20,635	-6,016	-2.3%	$3.43	255,265	05 Mar 2024	Direct	F1
transaction	ADPT	Common Stock	Sale	$23,994	-6,975	-2.7%	$3.44	248,290	05 Mar 2024	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	ADPT	Stock Option (right to buy)	Award	$0	+199,549		$0.000000	199,549	04 Mar 2024	Common Stock	199,549	$3.99	Direct	F2

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

Explanation of Responses:

Id	Content
F1	This transaction represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
F2	The options vest with respect to 1/4 of such shares on March 4, 2025, with 1/48 of such shares vesting thereafter at the end of each full month of continuous service until fully vested.

Content

This transaction represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.

The options vest with respect to 1/4 of such shares on March 4, 2025, with 1/48 of such shares vesting thereafter at the end of each full month of continuous service until fully vested.