Charles Cherington - Aug 1, 2022 Form 4 Insider Report for Brooklyn ImmunoTherapeutics, Inc. (ERNA)

Role
Director
Signature
/s/ Charles Cherington
Stock symbol
ERNA
Transactions as of
Aug 1, 2022
Transactions value $
$0
Form type
4
Date filed
8/3/2022, 08:01 PM
Previous filing
Sep 14, 2022
Next filing
Sep 29, 2022

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 ERNA Stock Option (right to buy) Award $0 +215K $0.00 215K Aug 1, 2022 Common Stock, par value $0.005 per share 215K $0.49 Direct F1
transaction ERNA Stock Option (right to buy) Award $0 +166K $0.00 166K Aug 1, 2022 Common Stock, par value $0.005 per share 166K $0.49 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option vests and becomes exercisable over one year (subject to continued service), with 25% of the shares vesting every three months from the grant date.
F2 The stock option vests and becomes exercisable over two years (subject to continued service), with 1/3 of the shares vesting on the grant date and the remaining shares vesting in 24 substantially equal monthly installments thereafter.