Veronique Lecault - Dec 8, 2021 Form 4 Insider Report for AbCellera Biologics Inc. (ABCL)

Role: Chief Operating Officer, Director
Signature: /s/ Tryn Stimart, attorney-in-fact
Stock symbol: ABCL
Transactions as of: Dec 8, 2021
Transactions value $: $47,500
Form type: 4
Date filed: 12/9/2021, 04:49 PM
Previous filing: Dec 9, 2021
Next filing: Feb 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ABCL	Common Shares	Options Exercise	$47.5K	+250K	+18.67%	$0.19^*	1.59M	Dec 8, 2021	Direct
holding	ABCL	Common Shares						7.16M	Dec 8, 2021	See Footnote	F1
holding	ABCL	Common Shares						274K	Dec 8, 2021	See Footnote	F2
holding	ABCL	Common Shares						61.6K	Dec 8, 2021	By spouse

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	ABCL	Share Option (right to buy)	Options Exercise	$0	-250K	-9.01%	$0.00	2.52M	Dec 8, 2021	Common Shares	250K	$0.19	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares are held by Pacific Swell Capital Corp ("Pacific Swell"). The Reporting Person is a director of Pacific Swell and shares voting and dispositive power with respect to the shares held by Pacific Swell. The Reporting Person disclaims beneficial ownership of such securities, except to the extent of her indirect pecuniary interest therein.
F2	These shares are held by Slomo Family Trust. The Reporting Person is a co-trustee of the Slomo Family Trust. The Reporting Person disclaims beneficial ownership of such securities, except to the extent of her indirect pecuniary interest therein.
F3	The shares subject to such option vest and become exercisable annually in substantially equal installments over a six-year period, with the first tranche vested on November 8, 2017, subject to the Reporting Person's continuous service to the Issuer on each such date.