Yishai Zohar - May 6, 2022 Form 4 Insider Report for GELESIS HOLDINGS, INC. (GLSH)

Role: President & CEO, Director
Signature: /s/ David Abraham, Attorney-in-Fact
Stock symbol: GLSH
Transactions as of: May 6, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/9/2022, 04:19 PM
Previous filing: Jan 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GLSH	Common Stock	Award		+13.2K	+1.54%		867K	May 6, 2022	Direct	F1, F2
transaction	GLSH	Common Stock	Award		+48.9K	+5.64%		916K	May 6, 2022	Direct	F1, F3
transaction	GLSH	Common Stock	Award		+899K	+98.13%		1.81M	May 6, 2022	Direct	F1, F4, F5

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	GLSH	Stock Option (Right to Buy)	Award	$0	+899K		$0.00	899K	May 6, 2022	Common Stock	899K	$3.33	Direct	F6

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

Explanation of Responses:

Id	Content
F1	Represents a grant of restricted stock units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's common stock upon vesting and settlement.
F2	These RSUs vest in full on February 10, 2023, subject to the reporting person's continued service at such time.
F3	These RSUs vest in full on February 28, 2023, subject to the reporting person's continued service at such time.
F4	25% of these RSUs shall vest on April 1, 2023, with the remainder vesting in twelve (12) equal quarterly installments thereafter, subject to the reporting person's continued service on each such vesting date.
F5	The reporting person has reported a prior award of RSUs in Table II of Form 4. The total reported in Column 5 includes the newly awarded RSUs, 388,804 RSUs previously reported in Table II, and 465,121 shares of Common Stock.
F6	25% of the shares underlying this option shall vest and become exercisable on March 4, 2023, with the remainder vesting in twelve (12) equal quarterly installments thereafter, subject to the reporting person's continued service on each such vesting date.