Pietro Bersani - Aug 11, 2022 Form 4 Insider Report for Kiromic Biopharma, Inc. (KRBP)

Role: Chief Executive Officer, Director
Signature: /s/ Pietro Bersani
Stock symbol: KRBP
Transactions as of: Aug 11, 2022
Transactions value $: $0
Form type: 4
Date filed: 8/15/2022, 04:23 PM
Next filing: Oct 6, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KRBP	Common Stock	Award	$0	+638K		$0.00	638K	Aug 11, 2022	Direct	F1

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

Explanation of Responses:

Id	Content
F1	These shares represent restricted stock units ("RSUs") and will be settled in common stock as soon as practicable within 60 days following vesting. The RSUs were granted pursuant to an executive employment agreement entered into by and between the reporting person and the issuer dated January 27, 2022, pursuant to which the reporting person was entitled to receive a grant of RSUs for the right to receive the number of shares of the issuer's common stock with an aggregate value of $600,000 based on the fair market value of the issuer's common stock as of January 27, 2022, which was $0.94 per share. 425,532 RSUs vested on August 11, 2022 and the remaining 212,766 RSUs will vest monthly in four equal installments beginning on September 27, 2022.

Content

These shares represent restricted stock units ("RSUs") and will be settled in common stock as soon as practicable within 60 days following vesting. The RSUs were granted pursuant to an executive employment agreement entered into by and between the reporting person and the issuer dated January 27, 2022, pursuant to which the reporting person was entitled to receive a grant of RSUs for the right to receive the number of shares of the issuer's common stock with an aggregate value of $600,000 based on the fair market value of the issuer's common stock as of January 27, 2022, which was $0.94 per share. 425,532 RSUs vested on August 11, 2022 and the remaining 212,766 RSUs will vest monthly in four equal installments beginning on September 27, 2022.