Sushma Shivaswamy - Feb 10, 2023 Form 4 Insider Report for XBiotech Inc. (XBIT)

Role: Chief Scientific Officer
Signature: /s/ Angela Hu under Power of Attorney for Sushma Shivaswamy
Stock symbol: XBIT
Transactions as of: Feb 10, 2023
Transactions value $: $0
Form type: 4
Date filed: 2/17/2023, 07:00 PM
Previous filing: Nov 23, 2021

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	XBIT	Employee Stock Option (right to buy)	Award	$0	+100K		$0.00	100K	Feb 10, 2023	Common Stock	100K	$3.84	Direct	F1

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

Explanation of Responses:

Id	Content
F1	On February 10, 2023 (the Grant Date) the reporting person was granted stock options (the Options) under the Company's 2015 Equity Incentive Plan to purchase shares of the Company's Common Stock (the Shares) at an exercise price equal to the closing sales price of the Shares on the Grant Date as quoted by the Nasdaq Stock Market. The Options vest in four equal portions in two years commencing as of August 10, 2023, with an expiry of ten years from the Grant Date.

Content

On February 10, 2023 (the Grant Date) the reporting person was granted stock options (the Options) under the Company's 2015 Equity Incentive Plan to purchase shares of the Company's Common Stock (the Shares) at an exercise price equal to the closing sales price of the Shares on the Grant Date as quoted by the Nasdaq Stock Market. The Options vest in four equal portions in two years commencing as of August 10, 2023, with an expiry of ten years from the Grant Date.