Saqib Islam - 12 Feb 2025 Form 4 Insider Report for SpringWorks Therapeutics, Inc. (SWTX)

Role: Chief Executive Officer, Director
Signature: /s/ Francis I. Perier, Jr. as Attorney-in Fact
Issuer symbol: SWTX
Transactions as of: 12 Feb 2025
Net transactions value: -$781,666
Form type: 4
Filing time: 14 Feb 2025, 19:30:20 UTC
Previous filing: 12 Feb 2025
Next filing: 19 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SWTX	Common Stock	Award	$0	+85,309	+8.5%	$0.000000	1,087,811	12 Feb 2025	Direct	F1, F2
transaction	SWTX	Common Stock	Tax liability	$781,666	-13,186	-1.2%	$59.28	1,074,625	12 Feb 2025	Direct

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

Explanation of Responses:

Id	Content
F1	This transaction represents the issuance of performance restricted stock units ("PSUs"). Each PSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. The PSUs were originally granted on January 5, 2023, subject to the achievement of a certain performance based milestone within four years from the grant date, which milestone was achieved as a result of approval by the U.S. Food and Drug Administration of the Issuer's product candidate, GOMEKLI(TM), for the treatment of neurofibromatosis type 1-associated plexiform neurofibromas.
F2	28,436 PSUs shall vest immediately upon issuance, another 28,436 PSUs shall vest on the date that is 12 months following February 12, 2025 and the remaining 28,437 PSUs shall vest on the date that is the later of (i) 24 months following February 12, 2025 or (ii) the Measurement Period End Date (as defined below), subject to continued service to the Issuer by the Reporting Person as of each such vesting date; provided that, such remaining 28,437 PSUs shall be subject to an upwards or downwards adjustment described in the PSU award agreement. As used herein, "Measurement Period End Date" means the first to occur of (i) December 31, 2026 or (ii) the date of consummation of a Sale Event (as defined in Issuer's 2019 Stock Option and Equity Incentive Plan).

Content

This transaction represents the issuance of performance restricted stock units ("PSUs"). Each PSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. The PSUs were originally granted on January 5, 2023, subject to the achievement of a certain performance based milestone within four years from the grant date, which milestone was achieved as a result of approval by the U.S. Food and Drug Administration of the Issuer's product candidate, GOMEKLI(TM), for the treatment of neurofibromatosis type 1-associated plexiform neurofibromas.

28,436 PSUs shall vest immediately upon issuance, another 28,436 PSUs shall vest on the date that is 12 months following February 12, 2025 and the remaining 28,437 PSUs shall vest on the date that is the later of (i) 24 months following February 12, 2025 or (ii) the Measurement Period End Date (as defined below), subject to continued service to the Issuer by the Reporting Person as of each such vesting date; provided that, such remaining 28,437 PSUs shall be subject to an upwards or downwards adjustment described in the PSU award agreement. As used herein, "Measurement Period End Date" means the first to occur of (i) December 31, 2026 or (ii) the date of consummation of a Sale Event (as defined in Issuer's 2019 Stock Option and Equity Incentive Plan).