Stephen Connelly - 06 Oct 2021 Form 4 Insider Report for Equillium, Inc. (EQ)

Signature
Jason A. Keyes, Attorney -in-Fact for Stephen Connelly
Issuer symbol
EQ
Transactions as of
06 Oct 2021
Net transactions value
-$23,080
Form type
4
Filing time
07 Oct 2021, 21:02:35 UTC
Previous filing
09 Jun 2021
Next filing
07 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EQ Common Stock Options Exercise $26,719 +5,625 +0.57% $4.75* 998,625 06 Oct 2021 Direct
transaction EQ Common Stock Sale $39,418 -5,625 -0.56% $7.01* 993,000 06 Oct 2021 Direct F1, F2
transaction EQ Common Stock Options Exercise $6,908 +2,467 +0.25% $2.80 995,467 06 Oct 2021 Direct
transaction EQ Common Stock Sale $17,288 -2,467 -0.25% $7.01* 993,000 06 Oct 2021 Direct F1, F3

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 EQ Employee Stock Option (right to buy) Options Exercise $0 -5,625 -100% $0.000000* 0 06 Oct 2021 Common Stock 5,625 $4.75 Direct F4
transaction EQ Employee Stock Option (right to buy) Options Exercise $0 -2,467 -100% $0.000000* 0 06 Oct 2021 Common Stock 2,467 $2.80 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transactions reported on this form were effected pursuant to a 10b5-1 trading plan adopted by the filer on March 31, 2021.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.05 to $7.00, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.06 to $7.00, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
F4 This option, representing a right to purchase twenty-five percent of the shares subject to the grant, became exercisable on December 10, 2020, which was the first anniversary of the date on which the option was granted, the remaining portion of this option vests in 36 equal monthly installments thereafter.
F5 This option, representing a right to purchase twenty-five percent of the shares subject to the grant, became exercisable on May 19, 2021, which was the first anniversary of the date on which the option was granted, the remaining portion of this option vests in 36 equal monthly installments thereafter.