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.