Ph.D. Kiernan Seth - 28 Feb 2022 Form 4 Insider Report for LEXICON PHARMACEUTICALS, INC. (LXRX)

Role: VP, Chief Commercial Officer
Signature: /s/ Kiernan Seth, Ph.D.
Issuer symbol: LXRX
Transactions as of: 28 Feb 2022
Net transactions value: -$23,544
Form type: 4
Filing time: 28 Feb 2022, 18:17:06 UTC
Previous filing: 14 Feb 2022
Next filing: 13 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LXRX	Common Stock	Options Exercise		+10,007			10,007	28 Feb 2022	Direct	F1
transaction	LXRX	Common Stock	Options Exercise		+14,834	+148%		24,841	28 Feb 2022	Direct	F1
transaction	LXRX	Common Stock	Options Exercise		+5,287	+21%		30,128	28 Feb 2022	Direct	F1
transaction	LXRX	Common Stock	Tax liability	$23,544	-8,261	-27%	$2.85	21,867	28 Feb 2022	Direct	F2

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	LXRX	Restricted Stock Units	Options Exercise		-10,007	-100%		0	28 Feb 2022	Common Stock	10,007		Direct	F1, F3
transaction	LXRX	Restricted Stock Units	Options Exercise		-14,834	-50%		14,833	28 Feb 2022	Common Stock	14,834		Direct	F1, F4
transaction	LXRX	Restricted Stock Units	Options Exercise		-5,287	-33%		10,573	28 Feb 2022	Common Stock	5,287		Direct	F1, F4

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of common stock.
F2	Withholding of a portion of issued shares by the Company in satisfaction of shareholder's tax withholding obligations with respect thereto.
F3	Restricted stock units vest with respect to one third of the shares subject to the restricted stock units on February 28, 2020 and vest an additional one third on February 28 of each of the two succeeding years thereafter.
F4	Restricted stock units vest with respect to 1/3 of the shares subject to the restricted stock units on February 28 of each of the three years following the year of grant.