Moses Makunje - 27 Nov 2023 Form 3 Insider Report for Nuvation Bio Inc. (NUVB)

Role
Title: VP, Finance and principal financial and accounting officer.
Signature
Moses Makunje, by /s/ Ron A. Metzger, Attorney-in-Fact.
Issuer symbol
NUVB
Transactions as of
27 Nov 2023
Net transactions value
$0
Form type
3
Filing time
27 Nov 2023, 16:09:41 UTC
Next filing
04 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NUVB Class A Common Stock 10,612 27 Nov 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
holding NUVB Stock Option (Right to Buy) 27 Nov 2023 Class A Common Stock 112,704 $1.74 Direct F1
holding NUVB Stock Option (Right to Buy) 27 Nov 2023 Class A Common Stock 112,704 $4.60 Direct F2
holding NUVB Stock Option (Right to Buy) 27 Nov 2023 Class A Common Stock 291,000 $5.06 Direct F3
holding NUVB Stock Option (Right to Buy) 27 Nov 2023 Class A Common Stock 233,000 $2.93 Direct F4
holding NUVB Stock Option (Right to Buy) 27 Nov 2023 Class A Common Stock 194,000 $1.94 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Option vests as to 25% on the one year anniversary of 7/21/2020, and monthly thereafter over the following 36 months, subject to Reporting Person's continuous service on each such vesting date.
F2 The shares subject to the Option will vest based on the satisfaction of both time-based and performance-based vesting criteria. As of November 27, 2023, 22,540 of the shares subject to the Option have vested.
F3 Option vests as to 25% on the one year anniversary of 2/28/2022, and monthly thereafter over the following 36 months, subject to Reporting Person's continuous service on each such vesting date.
F4 Option vests as to 25% on the one year anniversary of 8/29/2022, and monthly thereafter over the following 36 months, subject to Reporting Person's continuous service on each such vesting date.
F5 Option vests as to 25% on the one year anniversary of 2/28/2023, and monthly thereafter over the following 36 months, subject to Reporting Person's continuous service on each such vesting date.

Remarks:

Title: VP, Finance and principal financial and accounting officer.