Olivia C. Ware - May 16, 2022 Form 4 Insider Report for Arcellx, Inc. (ACLX)

Role: Director
Signature: /s/ Lance Thibault, as Attorney-in-Fact
Stock symbol: ACLX
Transactions as of: May 16, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/17/2022, 05:14 PM
Previous filing: May 13, 2022
Next filing: May 5, 2023

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	ACLX	Stock Option (right to buy)	Award	$0	+55.2K		$0.00	55.2K	May 16, 2022	Common Stock	55.2K	$7.61	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2022 Equity Incentive Plan) through each applicable vesting date, one-third (1/3rd) of the shares subject to the option will vest each year following Equity Grant Date on the same day of the month as the Equity Grant Date (or, if there is no corresponding day in a particular month, then the last day of the month) over three (3) years. "Equity Grant Date" shall mean May 16, 2022.

Content

Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2022 Equity Incentive Plan) through each applicable vesting date, one-third (1/3rd) of the shares subject to the option will vest each year following Equity Grant Date on the same day of the month as the Equity Grant Date (or, if there is no corresponding day in a particular month, then the last day of the month) over three (3) years. "Equity Grant Date" shall mean May 16, 2022.