Robert Connelly - Jun 1, 2023 Form 3 Insider Report for Elicio Therapeutics, Inc. (ELTX)

Role
CEO, President and Director, Director
Signature
/s/ Nishant M. Dharia, Attorney-in-fact
Stock symbol
ELTX
Transactions as of
Jun 1, 2023
Transactions value $
$0
Form type
3
Date filed
6/7/2023, 09:37 PM
Next filing
Feb 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ELTX Common Stock 47K Jun 1, 2023 Direct

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
holding ELTX Stock Option (right to buy) Jun 1, 2023 Common Stock 27.2K $9.39 Direct F1, F2
holding ELTX Stock Option (right to buy) Jun 1, 2023 Common Stock 148K $3.87 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of capital stock of the corporation then known as Elicio Therapeutics, Inc. ("Old Elicio") were converted into shares of the Issuer pursuant to that certain Agreement and Plan of Merger and Reorganization, dated as of January 17, 2023, by and among the Issuer, Arkham Merger Sub, Inc. and Old Elicio (the "Merger Agreement"). Pursuant to the terms of the Merger Agreement, each share of capital stock was exchanged for 0.0181 shares of the Issuer's common stock, giving effect to a reverse split of the Issuer's common stock of 10-to-1.
F2 Represents 27,150 stock options granted under the Issuer's 2012 Equity Incentive Plan. The stock options vested in full on January 31, 2021.
F3 Represents 147,913 stock options granted under the Issuer's 2012 Equity Incentive Plan. The options vest in equal monthly installments over three years, beginning of November 28, 2022.

Remarks:

Exhibit 24.1 - Power of Attorney.