Claire Poll - 01 Aug 2021 Form 4 Insider Report for Verona Pharma plc (VRNA)

Signature
/s/ Claire Poll
Issuer symbol
VRNA
Transactions as of
01 Aug 2021
Net transactions value
-$250,886
Form type
4
Filing time
03 Aug 2021, 21:59:22 UTC
Next filing
03 Nov 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRNA Ordinary Shares Tax liability $250,886 -319,600 -12% $0.7850* 2,443,039 01 Aug 2021 Direct F1, F2, F3
transaction VRNA Ordinary Shares Gift $0 -360,400 -15% $0.000000 2,082,639 01 Aug 2021 Direct F1, F4
transaction VRNA Ordinary Shares Gift $0 +360,400 +292% $0.000000 483,840 01 Aug 2021 By Trust F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reported securities are represented by American Depositary Shares ("ADSs") (unless otherwise indicated), each of which represents eight (8) Ordinary Shares of the Issuer.
F2 Represents the number of Ordinary Shares withheld to satisfy the tax withholding obligation in connection with the vesting of certain previously reported Restricted Share Units.
F3 The price reported represents the closing price of the Issuer's ADSs on the Nasdaq Stock Market LLC on July 30, 2021 divided by eight (8).
F4 Consists of (i) 2,040,000 Ordinary Shares underlying Restricted Share Units, each of which represents a contingent right to receive one (1) Ordinary Share of the Issuer (which may be represented by 255,000 ADSs); (ii) 42,632 Ordinary Shares underlying 5,329 ADSs; and (iii) 7 Ordinary Shares.
F5 Held by a family trust of which (a) the Reporting Person and spouse are trustees and (b) the Reporting Person and members of her immediate family are the sole beneficiaries of the trust.