Christine Ring - Jul 30, 2023 Form 4 Insider Report for Nurix Therapeutics, Inc. (NRIX)

Role
General Counsel
Signature
/s/ Christine Ring
Stock symbol
NRIX
Transactions as of
Jul 30, 2023
Transactions value $
-$13,710
Form type
4
Date filed
8/1/2023, 04:27 PM
Previous filing
May 2, 2023
Next filing
Nov 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NRIX Common Stock Options Exercise $0 +1.92K +19.16% $0.00 12K Jul 30, 2023 Direct
transaction NRIX Common Stock Options Exercise $0 +2K +16.72% $0.00 14K Jul 30, 2023 Direct
transaction NRIX Common Stock Sale -$13.7K -1.42K -10.17% $9.65 12.5K Jul 31, 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 NRIX Restricted Stock Units Options Exercise $0 -1.92K -9.09% $0.00 19.2K Jul 30, 2023 Common Stock 1.92K $0.00 Direct F3, F4, F5
transaction NRIX Restricted Stock Units Options Exercise $0 -2K -8.33% $0.00 22K Jul 30, 2023 Common Stock 2K $0.00 Direct F3, F5, F6
* 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 $9.61 and the highest price at which shares were sold was $9.82. 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 range set forth herein.
F3 Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F4 The RSUs will vest in substantially equal increments quarterly over four years, with the first quarterly increment vesting on April 30, 2022, subject to the Reporting Person's provision of services to the Issuer on each vesting date. Shares of the Issuer's Common Stock will be delivered to the Reporting Person following vesting.
F5 RSUs do not expire; they either vest or are canceled prior to the vest date.
F6 The RSUs will vest as to 1/12 of the total award quarterly over three years, with the first quarterly increment vesting on July 30, 2023, subject to the Reporting Person's provision of services to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.