Melody Burcar - 20 Mar 2024 Form 3 Insider Report for Viracta Therapeutics, Inc. (VIRX)

Role
Senior VP, Finance
Signature
/s/ Melody Burcar
Issuer symbol
VIRX
Transactions as of
20 Mar 2024
Net transactions value
$0
Form type
3
Filing time
22 Mar 2024, 16:07:14 UTC
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
holding VIRX Stock Option (Right to Buy) 20 Mar 2024 Common Stock 80,000 $2.98 Direct F1
holding VIRX Stock Option (Right to Buy) 20 Mar 2024 Common Stock 47,500 $1.65 Direct F2
holding VIRX Stock Option (Right to Buy) 20 Mar 2024 Common Stock 33,250 $0.9850 Direct F3
holding VIRX Stock Option (Right to Buy) 20 Mar 2024 Common Stock 100,000 $0.9900 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Twenty-five percent (25%) of the total shares subject to the Option will vest on the one (1)-year anniversary of the Vesting Commencement Date (as defined below) and 1/48th of the total shares subject to the Option will vest each month thereafter on the same day of the month as the Vesting Commencement Date, subject to the reporting person continuing to be a Service Provider in accordance with the Issuer's 2021 Inducement Equity Incentive Plan through each such date. The Vesting Commencement Date is September 30, 2022.
F2 One forty-eight (1/48) of the shares subject to the option shall vest monthly beginning on the one month anniversary of January 1, 2023, subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each such date.
F3 One forty-eight (1/48) of the shares subject to the option shall vest monthly beginning on the one month anniversary of January 1, 2024, subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each such date.
F4 One forty-eight (1/48) of the shares subject to the option shall vest monthly beginning on the one month anniversary of March 18, 2024, subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each such date.

Remarks:

Exhibit 24: Power of Attorney