Stacy L. Taylor - Mar 4, 2022 Form 4 Insider Report for Adaptive Biotechnologies Corp (ADPT)

Signature
/s/ Stacy Taylor by Eric Billings, attorney-in-fact
Stock symbol
ADPT
Transactions as of
Mar 4, 2022
Transactions value $
-$18,844
Form type
4
Date filed
3/8/2022, 08:00 PM
Previous filing
Dec 23, 2021
Next filing
Mar 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADPT Common Stock Award $0 +61.8K +410.87% $0.00 76.8K Mar 4, 2022 Direct
transaction ADPT Common Stock Sale -$18.8K -1.57K -2.04% $12.01 75.2K Mar 7, 2022 Direct F1

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 ADPT Stock Option (Right to Buy) Award $0 +154K $0.00 154K Mar 4, 2022 Common Stock 154K $12.14 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
F2 The options vest with respect to 1/4 of such shares on March 4, 2023, with 1/48 of such shares vesting thereafter at the end of each full month of continuous service until fully vested.