Robert Ho - 06 Mar 2023 Form 4 Insider Report for Third Harmonic Bio, Inc. (THRD)

Role
Chief Financial Officer
Signature
/s/ Robert Ho
Issuer symbol
THRD
Transactions as of
06 Mar 2023
Net transactions value
$0
Form type
4
Filing time
08 Mar 2023, 15:58:48 UTC
Previous filing
27 Oct 2022
SEC
View on sec.gov

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 THRD Employee Stock Option (right to buy) Disposed to Issuer -367,955 -100% 0 06 Mar 2023 Common Stock 367,955 $9.22 Direct F1, F2
transaction THRD Employee Stock Option (right to buy) Award +367,955 367,955 06 Mar 2023 Common Stock 367,955 $4.20 Direct F1, F2
transaction THRD Employee Stock Option (right to buy) Disposed to Issuer -95,000 -100% 0 06 Mar 2023 Common Stock 95,000 $18.40 Direct F1, F3
transaction THRD Employee Stock Option (right to buy) Award +95,000 95,000 06 Mar 2023 Common Stock 95,000 $4.20 Direct F1, F3
transaction THRD Employee Stock Option (right to buy) Award $0 +136,000 $0.000000 136,000 06 Mar 2023 Common Stock 136,000 $4.20 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transaction reported herein reflects a one-time stock option repricing that became effective on March 6, 2023, and is being reported in this manner solely to comply with the technical reporting requirements under Section 16(a) of the Securities Exchange Act of 1934, as amended. There have been no other changes to the terms of these Options.
F2 25% of the total shares vested on March 7, 2023, and thereafter 6.25% of the total shares underlying the award shall vest in equal quarterly installments until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F3 The option vests over a four-year period: 1/48th on November 25, 2022, after which 1/48th of the total shares vest monthly, subject to continued service through each vesting date.
F4 The option vests over a four-year period: 1/48th on April 6, 2023, after which 1/48th of the total shares vest monthly, subject to continued service through each vesting date.