Jason A. Keyes - Jan 3, 2023 Form 4 Insider Report for Equillium, Inc. (EQ)

Role: Chief Financial Officer
Signature: /s/ Jason A. Keyes
Stock symbol: EQ
Transactions as of: Jan 3, 2023
Transactions value $: $5,288
Form type: 4
Date filed: 1/4/2023, 05:50 PM
Previous filing: Aug 30, 2022
Next filing: Jan 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EQ	Common Stock	Award	$5.29K	+4.44K	+14.49%	$1.19	35.1K	Dec 9, 2022	Direct	F1
holding	EQ	Common Stock						77.7K	Jan 3, 2023	By The Keyes Trust Dated September 10, 2004

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	EQ	Employee Stock Option (right to buy)	Award	$0	+175K		$0.00	175K	Jan 3, 2023	Common Stock	175K	$1.06	Direct	F2

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

Explanation of Responses:

Id	Content
F1	These shares were acquired by the Reporting Person under the Issuer's 2018 Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
F2	Twenty-five percent of the shares subject to the option vests on the first anniversary of the vesting commencement date, and the remainder vests in 36 equal monthly installments thereafter for the following three years.