Shawn Cross - Sep 28, 2023 Form 4 Insider Report for Applied Molecular Transport Inc. (AMTI)

Signature
/s/ Brandon Hants Attorney-in-fact for Shawn Cross
Stock symbol
AMTI
Transactions as of
Sep 28, 2023
Transactions value $
-$30,743
Form type
4
Date filed
10/2/2023, 07:02 PM
Previous filing
Oct 4, 2023
Next filing
Nov 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMTI Common Stock Award $0 +886K +1473.02% $0.00 946K Sep 28, 2023 Direct F1
transaction AMTI Common Stock Sale -$30.7K -194K -20.5% $0.16 752K Sep 29, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares are represented by restricted stock units, or RSUs. 443,055 RSUs vested upon signing of the Agreement and Plan of Merger dated as of September 21, 2023, among Cyclo Therapeutics, Inc., a Nevada corporation, Cameo Merger Sub, Inc., a Delaware corporation and the Issuer (the "Merger Agreement"). The remaining 443,056 RSUs vest as to 50% on the date that is five trading days following the filing of the proxy/prospectus relating to stockholder approval of the merger contemplated by the Merger Agreement (the "Form S-4") and 50% on the date the Form S-4 is declared effective by the SEC.
F2 Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of RSUs. This sale satisfies the minimum statutory tax withholding obligations to be funded by a "sell-to-cover" transaction and does not represent a discretionary sale by the Reporting Person.
F3 A portion of these securities are RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.