Neil Brewis - Jul 29, 2022 Form 4 Insider Report for F-star Therapeutics, Inc. (FSTX)

Role
Chief Scientific Officer
Signature
/s/ Darlene Deptula-Hicks, Attorney-in-fact
Stock symbol
FSTX
Transactions as of
Jul 29, 2022
Transactions value $
$8,428
Form type
4
Date filed
8/2/2022, 09:07 PM
Previous filing
Apr 4, 2022
Next filing
Mar 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FSTX Common Stock Options Exercise $8.43K +76.6K +202.46% $0.11* 114K Jul 29, 2022 Direct F1, F2, 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 FSTX Stock Option (right to buy) Options Exercise $0 -6.31K -100% $0.00* 0 Jul 29, 2022 Common Stock 6.31K $0.11 Direct F2, F4
transaction FSTX Stock Option (right to buy) Options Exercise $0 -70.3K -100% $0.00* 0 Jul 29, 2022 Common Stock 70.3K $0.11 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Report is reporting the exempt exercise of employee stock options for cash payment thereof and receipt of the resulting shares. No shares were sold incidental to the exercise of these stock options.
F2 This exercise price was originally reported incorrectly as $0.08 per share due to a conversion rate error from Pound Sterling into U.S. Dollars. Using the August 2022 approximate exchange rate of 1.2211, the exercise price in U.S. Dollars would be approximately $0.11 per share.
F3 Includes 18,000 RSUs previously reported. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F4 So long as Participant remains continuously a Service Provider 28% of the total number of Shares under Award shall vest on the first anniversary of the Vesting Commencement Date, May 7, 2019, and 2% of the total number of Shares under Award shall vest monthly thereafter.
F5 Twenty-five per cent (25%) of the total number of Shares under Award shall vest on the first anniversary of the Vesting Commencement Date, July 1, 2020, and two and one twelfth per cent (2.083%) of the total number of Shares under Award shall vest monthly thereafter, provided in each case that the Participant remains a Service Provider continuously from the Vesting Commencement Date to the relevant date.