Sean Smith - Feb 1, 2023 Form 4 Insider Report for Neoleukin Therapeutics, Inc. (NLTX)

Role
Principal Accounting Officer
Signature
/s/ Sean Smith
Stock symbol
NLTX
Transactions as of
Feb 1, 2023
Transactions value $
-$1,980
Form type
4
Date filed
2/3/2023, 03:33 PM
Previous filing
Aug 12, 2022
Next filing
Aug 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NLTX Common Stock Options Exercise $0 +12.5K +184.47% $0.00 19.3K Feb 1, 2023 Direct
transaction NLTX Common Stock Sale -$1.98K -3.32K -17.2% $0.60 16K Feb 2, 2023 Direct F1, F2

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 NLTX Restricted Stock Units Options Exercise $0 -12.5K -50% $0.00 12.5K Feb 1, 2023 Common Stock 12.5K $0.00 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units ("RSUs"). These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
F2 Represents the weighted average sale price. The lowest price at which shares were sold was $0.576 and the highest price at which shares were sold was $0.635. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the ranges set forth herein.
F3 Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration.
F4 The RSUs will vest as to 1/2 of the total number of shares underlying the award on each of February 1, 2023 and February 1, 2024, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
F5 The RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.