| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CINC | Common Stock | Options Exercise | $400K | +29.4K | $13.60 | 29.4K | Aug 5, 2022 | Direct | F1 | |
| holding | CINC | Common Stock | 5.57M | Aug 5, 2022 | By Sofinnova Venture Partners X, L.P. | F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CINC | Stock Option (Right to Buy) | Options Exercise | $0 | -29.4K | -100% | $0.00* | 0 | Aug 5, 2022 | Common Stock | 29.4K | $13.60 | Direct | F3 |
| Id | Content |
|---|---|
| F1 | 29,411 shares were acquired pursuant to the exercise of an early-exercise option and remain subject to a right of repurchase by the Issuer, which shall lapse with respect to one-third of the shares on December 10, 2022 and with respect to one-third of the shares each year thereafter, subject to the continued service by the Reporting Person to the Issuer as of the applicable vesting date. |
| F2 | The shares are directly held by Sofinnova Venture Partners X, L.P. ("SVP X"). Sofinnova Management X, L.L.C. ("SM X") is the general partner of SVP X. The Reporting Person is a managing member of SM X and may be deemed to share voting and dispositive power over the shares held by SVP X. The Reporting Person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein. |
| F3 | This option vests in equal annual installments over a three-year period measured from one year following December 10, 2021, subject to the continued service by the Reporting Person to the Issuer as of the applicable vesting date. |