John T. Burns - Jan 31, 2022 Form 4 Insider Report for SELLAS Life Sciences Group, Inc. (SLS)

Role
Senior VP, Finance & CAO
Signature
/s/ John Burns
Stock symbol
SLS
Transactions as of
Jan 31, 2022
Transactions value $
$0
Form type
4
Date filed
2/1/2022, 04:05 PM
Previous filing
Dec 3, 2021
Next filing
Dec 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLS Common Stock Award $0 +9.6K +54.41% $0.00 27.2K Jan 31, 2022 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 SLS Stock Option (Right to Buy) Award $0 +36K $0.00 36K Jan 31, 2022 Common Stock 36K $5.34 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person received an award of 9,600 restricted stock units on January 31, 2022, which shall vest as follows: (i) 25% on December 1, 2022 and (ii) 25% on each December 1 thereafter until fully vested, provided that the Reporting Person remains in service with the Issuer through each such vesting date.
F2 One-quarter (1/4) of the option shares will vest and became exercisable one year from the January 31, 2022 grant date, and the remainder will vest and become exercisable in equal monthly installments for thirty-six (36) months thereafter, provided that the Reporting Person remains in service with the Issuer through each such monthly vesting date.