Shabbir Anik - 03 Mar 2023 Form 4 Insider Report for SUTRO BIOPHARMA, INC. (STRO)

Role
Chief Technical Ops. Officer
Signature
/s/ Edward C. Albini as attorney-in-fact for Shabbir Anik
Issuer symbol
STRO
Transactions as of
03 Mar 2023
Net transactions value
-$36,025
Form type
4
Filing time
07 Mar 2023, 15:24:38 UTC
Previous filing
31 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STRO Common Stock Options Exercise +7,875 +26% 38,299 03 Mar 2023 Direct F1
transaction STRO Common Stock Options Exercise +8,750 +23% 47,049 03 Mar 2023 Direct F1
transaction STRO Common Stock Tax liability $36,025 -6,222 -13% $5.79 40,827 03 Mar 2023 Direct 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 STRO Restricted Stock Unit (RSU) Award $0 +40,000 $0.000000 40,000 03 Mar 2023 Common Stock 40,000 Direct F1, F3
transaction STRO Restricted Stock Unit (RSU) Options Exercise $0 -7,875 -25% $0.000000 23,625 03 Mar 2023 Common Stock 7,875 Direct F1, F4
transaction STRO Restricted Stock Unit (RSU) Options Exercise $0 -8,750 -33% $0.000000 17,500 03 Mar 2023 Common Stock 8,750 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents a contingent right to receive one (1) share of the issuer's Common Stock upon settlement.
F2 Represents the number of shares of Common Stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the RSUs and does not represent a sale by the reporting person.
F3 The RSUs vest as to 1/2 of the total shares annually beginning on March 1, 2024, subject to continued service through each vesting date.
F4 The RSUs vest as to 1/4th of the total shares annually beginning on March 4, 2023, subject to continued service through each vesting date.
F5 The RSUs vest as to 1/4th of the total shares annually beginning on March 5, 2022, subject to continued service through each vesting date.