Spencer D. Brown - Jun 2, 2022 Form 4 Insider Report for PDS Biotechnology Corp (PDSB)

Signature
/s/ Matthew C. Hill, as Attorney-in-Fact
Stock symbol
PDSB
Transactions as of
Jun 2, 2022
Transactions value $
$0
Form type
4
Date filed
6/3/2022, 08:20 AM
Previous filing
Jun 3, 2022
Next filing
Jan 6, 2023

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 PDSB Employee Stock Option (Right to Buy) Award $0 +150K $0.00 150K Jun 2, 2022 Common Stock 150K $4.22 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This option was granted by the Issuer as an inducement material to the Reporting Person entering into employment with the Issuer in accordance with Nasdaq Rule 5635(c)(4) and the Issuer's 2019 Inducement Plan, as amended. This option, representing a right to purchase a total of 150,000 shares of Common Stock, will become exercisable on June 2, 2023, with 25% vesting on that date and the remaining 75% vesting in equal monthly installments thereafter, subject to continued service to the Issuer through each vesting date.