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

Role
Chief Business Officer
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, 09:45 PM

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 25.6K $12.71 Direct F1, F2
holding ELTX Stock Option (right to buy) Jun 1, 2023 Common Stock 1.81K $13.81 Direct F1, F3
holding ELTX Stock Option (right to buy) Jun 1, 2023 Common Stock 54.8K $3.87 Direct F1, F4
* 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 25,632 stock options granted under the Issuer's 2012 Equity Incentive Plan. Twenty five percent (25%) of the stock options vest on the one-year anniversary of January 3, 2021 with the remaining options vesting in equal monthly installments over a three-year period thereafter.
F3 Represents 1,810 stock options granted under the Issuer's 2012 Equity Incentive Plan. Twenty five percent (25%) of the stock options vest on the one-year anniversary of March 23, 2022 with the remaining options vesting in equal monthly installments over a three-year period thereafter.
F4 Represents 54,763 stock options granted under the Issuer's 2022 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.