Cathy Friedman - Jun 21, 2021 Form 4 Insider Report for Lyell Immunopharma, Inc. (LYEL)

Role
Director
Signature
/s/ Heather Turner, as Attorney-in-fact
Stock symbol
LYEL
Transactions as of
Jun 21, 2021
Transactions value $
$300,016
Form type
4
Date filed
6/23/2021, 05:33 PM
Previous filing
Jun 22, 2021
Next filing
Dec 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LYEL Common Stock Conversion of derivative security +3.77M 3.77M Jun 21, 2021 Lyell Investors, LLC F1, F2
transaction LYEL Common Stock Purchase $300K +17.6K $17.00* 17.6K Jun 21, 2021 MSL FBO J DUANE & C FRIEDMAN TTEE DUANE FAMILY TRUST F3
holding LYEL Common Stock 100K Jun 21, 2021 The Duane Irrevocable Trust 2020 F4

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 LYEL Series A Convertible Preferred Stock Conversion of derivative security -3.77M -100% 0 Jun 21, 2021 Common Stock 3.77M Lyell Investors, LLC F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Issuer's Series A Convertible Preferred Stock converted into Common Stock on a 1-for-1 basis and had no expiration date.
F2 The Reporting Person is a member of Lyell Investors, LLC and therefore may be deemed to share the power to direct the disposition and vote of the shares held by Lyell Investors, LLC. The Reporting Person disclaims beneficial ownership of all shares held by Lyell Investors, LLC except to any pecuniary interest therein.
F3 The Reporting Person is a trustee of MSL FBO J DUANE & C FRIEDMAN TTEE DUANE FAMILY TRUST ("Duane Family Trust") and therefore may be deemed to share the power to direct the disposition and vote of the shares held by the Duane Family Trust. The Reporting Person disclaims beneficial ownership of all shares held by Duane Family Trust except to any pecuniary interest therein.
F4 The Reporting Person is a trustee of The Duane Irrevocable Trust 2020 ("Duane Irrevocable Trust") and therefore may be deemed to share the power to direct the disposition and vote of the shares held by the Duane Irrevocable Trust. The Reporting Person disclaims beneficial ownership of all shares held by Duane Irrevocable Trust except to any pecuniary interest therein.