Sean Smith - Aug 10, 2023 Form 4 Insider Report for Neoleukin Therapeutics, Inc. (NLTX)

Signature
/s/ Sean Smith
Stock symbol
NLTX
Transactions as of
Aug 10, 2023
Transactions value $
-$818
Form type
4
Date filed
8/14/2023, 04:06 PM
Previous filing
Feb 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NLTX Common Stock Options Exercise $0 +5K +27.84% $0.00 23K Aug 10, 2023 Direct F1
transaction NLTX Common Stock Sale -$818 -1.32K -5.76% $0.62 21.6K Aug 11, 2023 Direct F1, F2, F3

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 NLTX Restricted Stock Units Options Exercise $0 -5K -100% $0.00* 0 Aug 10, 2023 Common Stock 5K $0.00 Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 2,000 shares of common stock acquired by the Reporting Person on May 15, 2023 pursuant to the Issuer's employee stock purchase plan.
F2 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.
F3 Represents the weighted average sale price. The lowest price at which shares were sold was $.6146 and the highest price at which shares were sold was $0.6399. 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.
F4 Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration.
F5 The RSUs will vest as to 1/2 of the total number of shares underlying the award on each of August 10, 2022 and August 10, 2023, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
F6 The RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.