Ruben Gutierrez - Jan 5, 2024 Form 4 Insider Report for SomaLogic, Inc. (SLGC)

Role: General Counsel
Signature: /s/ Ruben Gutierrez, Attorney-in-Fact
Stock symbol: SLGC
Transactions as of: Jan 5, 2024
Transactions value $: $0
Form type: 4
Date filed: 1/9/2024, 09:33 PM
Previous filing: Aug 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SLGC	Common Stock	Disposed to Issuer		-21K	-100%		0	Jan 5, 2024	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	SLGC	Stock Option (Right to buy)	Disposed to Issuer		-251K	-100%		0	Jan 5, 2024	Common Stock	251K	$6.93	Direct	F3, F4
transaction	SLGC	Stock Option (Right to buy)	Disposed to Issuer		-100K	-100%		0	Jan 5, 2024	Common Stock	100K	$11.53	Direct	F4, F5
transaction	SLGC	Stock Option (Right to buy)	Disposed to Issuer		-65K	-100%		0	Jan 5, 2024	Common Stock	65K	$9.08	Direct	F4, F6
transaction	SLGC	Stock Option (Right to buy)	Disposed to Issuer		-150K	-100%		0	Jan 5, 2024	Common Stock	150K	$2.30	Direct	F4, F7
transaction	SLGC	Stock Option (Right to buy)	Disposed to Issuer		-27.3K	-100%		0	Jan 5, 2024	Common Stock	27.3K	$2.04	Direct	F4, F8
transaction	SLGC	Restricted Stock Unit	Disposed to Issuer		-7.5K	-100%		0	Jan 5, 2024	Common Stock	7.5K		Direct	F9, F10, F11
transaction	SLGC	Restricted Stock Unit	Disposed to Issuer		-57K	-100%		0	Jan 5, 2024	Common Stock	57K		Direct	F9, F11, F12
transaction	SLGC	Restricted Stock Unit	Disposed to Issuer		-25K	-100%		0	Jan 5, 2024	Common Stock	25K		Direct	F9, F11, F13
transaction	SLGC	Restricted Stock Unit	Disposed to Issuer		-15.9K	-100%		0	Jan 5, 2024	Common Stock	15.9K		Direct	F9, F11, F14

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ruben Gutierrez is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On October 4, 2023, SomaLogic, Inc., a Delaware corporation (the "Company") entered into the Agreement and Plan of Merger (the "Merger Agreement"), with Standard BioTools Inc., a Delaware corporation ("Parent"), and Martis Merger Sub, Inc., a Delaware corporation and a wholly owned Subsidiary of Parent (the "Merger Sub"). Pursuant to the Merger Agreement, on January 5, 2024, Merger Sub merged with and into the Company, with the Company surviving as a wholly-owned subsidiary of Parent (the "Merger").
F2	(Continued from Footnote 1) At the effective time of the Merger (the "Effective Time"), each share of the Company's common stock, par value $0.0001 per share (the "Company Common Stock"), was converted into the right to receive 1.11 shares (the "Exchange Ratio") of the Parent's common stock, par value $0.001(the "Parent Common Stock") and cash in lieu of fractional shares of the Parent Common Stock.
F3	The option vested as to 1/4th of the total grant on May 18, 2022, and thereafter 1/36th of the total grant vests monthly until such time as the option is 100% vested, subject to the continued service of the Reporting Person on each vesting date.
F4	Pursuant to the Merger Agreement, each option to purchase Company Common Stock (a "Company Option"), whether vested or unvested, that was outstanding immediately prior to the Effective Time, was converted into an option to acquire the number of shares of Parent Common Stock equal to the product of (i) the number of shares subject to such Company Option as of immediately prior to the Effective Time, multiplied by (ii) the Exchange Ratio, rounded down to the nearest whole number of shares of the Parent Common Stock, at an exercise price per share equal to the quotient obtained by dividing the per share exercise price of the Company Option by the Exchange Ratio, rounded up to the nearest whole cent. Each such Company Option shall continue to have, and be subject to, the same terms and conditions applicable to such Company Option immediately prior to the Effective Time, including vesting terms and provisions.
F5	The option vested as to 1/4th of the total grant on October 21, 2022, and thereafter 1/36th of the total grant vests monthly until such time as the option is 100% vested, subject to the continued service of the Reporting Person on each vesting date.
F6	The option vested as to 1/4th of the total grant on March 1, 2023, and thereafter 1/36th of the total grant vests monthly until such time as the option is 100% vested, subject to the continued service of the Reporting Person on each vesting date.
F7	The option vests as to 1/4th of the total grant on March 17, 2024, and thereafter 1/36th of the total grant vests monthly until such time as the option is 100% vested, subject to the continued service of the Reporting Person on each vesting date.
F8	The option vests as to 1/4th of the total grant on August 16, 2024, and thereafter 1/36th of the total grant vests monthly until such time as the option is 100% vested, subject to the continued service of the Reporting Person on each vesting date.
F9	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Company Common Stock upon settlement for no consideration.
F10	The RSUs vest as to 1/4th of the total grant on each of March 1, 2023, March 1, 2024, March 1, 2025 and March 1, 2026, subject to the continued service of the Reporting Person on each vesting date.
F11	Pursuant to the Merger Agreement, each RSU convertible into shares of Company Common Stock (a "Company RSU") that was outstanding immediately prior to the Effective Time, was converted into an RSU to acquire the number of shares of Parent Common Stock equal to the to the product of (i) the number of shares subject to such Company RSU as of immediately prior to the Effective Time, multiplied by (ii) the Exchange Ratio, with the resulting number of shares of Parent Common Stock rounded to the next nearest whole share. Except as noted above, each assumed Company RSU will continue to be governed by the same terms and conditions, including vesting terms and provision, as were applicable to such Company RSU immediately prior to the Effective Time.
F12	The RSUs vest as to 1/3rd of the total grant on each of September 13, 2023, September 13, 2024 and September 13, 2025, subject to the continued service of the Reporting Person on each vesting date.
F13	The RSUs vest as to 1/4th of the total grant on each of March 17, 2024, March 17, 2025, March 17, 2026 and March 17, 2027, subject to the continued service of the Reporting Person on each vesting date.
F14	The RSUs vest as to 1/4th of the total grant on each of August 16, 2024, August 16, 2025, August 16, 2026 and August 16, 2027, subject to the continued service of the Reporting Person on each vesting date.