David Watson - Jun 21, 2021 Form 4 Insider Report for Apellis Pharmaceuticals, Inc. (APLS)

Role: General Counsel
Signature: /s/ David Watson
Stock symbol: APLS
Transactions as of: Jun 21, 2021
Transactions value $: $2,108
Form type: 4
Date filed: 6/22/2021, 04:02 PM
Previous filing: Jun 1, 2021
Next filing: Sep 13, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APLS	Common Stock	Options Exercise	$2.11K	+489	+0.5%	$4.31^*	98.2K	Jun 21, 2021	Direct
holding	APLS	Common Stock						10K	Jun 21, 2021	See Footnote	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	APLS	Stock Option (Right to Buy)	Options Exercise	$0	-489	-33.89%	$0.00	954	Jun 21, 2021	Common Stock	489	$4.31	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The securities are held by The Watson Education Trust (the "Trust"), for which the reporting person serves as trustee. The reporting person disclaims beneficial ownership over the shares held by the Trust except to the extent of his pecuniary interest therein.
F2	This stock option will vest as to 25% of the shares underlying the options on the first anniversary of the grant, with the remaining 75% of the shares underlying the options vesting in equal monthly installments thereafter through the fourth anniversary of the grant, subject to continued service.