Stacy L. Taylor - Mar 4, 2024 Form 4 Insider Report for Adaptive Biotechnologies Corp (ADPT)

Signature
/s/ Stacy L Taylor
Stock symbol
ADPT
Transactions as of
Mar 4, 2024
Transactions value $
-$45,963
Form type
4
Date filed
3/6/2024, 07:42 PM
Previous filing
Mar 8, 2023
Next filing
Aug 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADPT Common Stock Award $0 +40K +28.63% $0.00 180K Mar 4, 2024 Direct
transaction ADPT Common Stock Sale -$23.2K -6.77K -3.77% $3.43 173K Mar 5, 2024 Direct F1
transaction ADPT Common Stock Sale -$22.7K -6.61K -3.82% $3.44 166K Mar 5, 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 +60K $0.00 60K Mar 4, 2024 Common Stock 60K $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.