DANIEL G. WELCH - 03 Aug 2023 Form 4 Insider Report for Structure Therapeutics Inc. (GPCR)

Role
Director
Signature
/s/ Jun Yoon, Attorney-in-Fact
Issuer symbol
GPCR
Transactions as of
03 Aug 2023
Net transactions value
$0
Form type
4
Filing time
04 Aug 2023, 17:37:44 UTC
Previous filing
09 Jun 2023
Next filing
29 Aug 2023
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 GPCR Stock option (right to buy) Other $3,275,670 -411,000 -35% $7.97 768,122 03 Aug 2023 Ordinary Shares 411,000 $2.60 Direct F1, F2
transaction GPCR Stock option (right to buy) Other $1,637,835 +205,500 $7.97 205,500 03 Aug 2023 Ordinary Shares 205,500 $2.60 By Trust F1, F2, F3
transaction GPCR Stock option (right to buy) Other $1,637,835 +205,500 $7.97 205,500 03 Aug 2023 Ordinary Shares 205,500 $2.60 By Trust F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transactions involve the Reporting Person's transfer of the vested portion of his option to trusts established for the benefit of his children. The transfer was a substitution for minority interests in a family limited partnership of equivalent value previously gifted to the trusts. The price per share is 1/3 of the closing price of the Issuer's American Depositary Shares ("ADS") on the date of transfer less the exercise price per share of the option. Each ADS consist of three of the Issuer's ordinary shares.
F2 1/3rd of the shares vested one year after January 5, 2022 (the "Vesting Commencement Date"); the balance of the shares vest in a series of 24 successive equal monthly installments measured from the first anniversary of the Vesting Commencement Date.
F3 The option is held by the Andrew J. Welch 2020 Irrevocable GST Trust, dated July 1, 2020. The Reporting Person is trustee of such trust and his son is the sole beneficiary of such trust.
F4 The option is held by the Michael D. Welch 2020 Irrevocable GST Trust, dated July 1, 2020. The Reporting Person is trustee of such trust and his son and such son's descendants are the sole beneficiaries of such trust.