Lee Flowers - Jun 8, 2023 Form 4 Insider Report for HCW Biologics Inc. (HCWB)

Role
SVP of Business Development
Signature
/s/ Nicole Valdivieso, as Attorney-in-Fact for Lee D. Flowers
Stock symbol
HCWB
Transactions as of
Jun 8, 2023
Transactions value $
$22,324
Form type
4
Date filed
6/9/2023, 08:00 PM
Previous filing
Dec 3, 2021
Next filing
Dec 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HCWB Common Stock Options Exercise $750 +5.36K +5.58% $0.14* 101K Jun 8, 2023 Direct
transaction HCWB Common Stock Purchase $21.6K +10K +9.87% $2.16 111K Jun 8, 2023 Direct

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 HCWB Stock Option (Right to Buy) Options Exercise $0 -5.36K -41.66% $0.00 7.5K Jun 8, 2023 Common Stock 5.36K $0.14 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 20% of the total shares subject to the stock option grant vested on September 16, 2020; 20% of the total shares subject to the stock option grant vested on September 16, 2021; 25% of the total shares subject to the stock option grant will vest on September 16, 2022; and 35% of the total shares subject to the stock option grant will vest on September 16, 2023.