Stephen Quake - Sep 1, 2021 Form 4 Insider Report for SomaLogic, Inc. (SLGC)

Role: Director
Signature: /s/ Brian Emes, Attorney-in-Fact for Stephen Quake
Stock symbol: SLGC
Transactions as of: Sep 1, 2021
Transactions value $: $4,000,000
Form type: 4
Date filed: 9/3/2021, 08:10 PM
Next filing: Dec 13, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SLGC	Class A Common Stock	Other	$0	+25K		$0.00	25K	Sep 1, 2021	Direct	F1
transaction	SLGC	Class A Common Stock	Award	$1.5M	+150K	+600%	$10.00	175K	Sep 1, 2021	By Quake 2018 Charitable Remainder Unitrust	F2
transaction	SLGC	Class A Common Stock	Award	$1.5M	+150K	+85.71%	$10.00	325K	Sep 1, 2021	By The Eleftheria Foundation	F2
transaction	SLGC	Class A Common Stock	Award	$1M	+100K	+30.77%	$10.00	425K	Sep 1, 2021	By DeltaXDeltaP Hbar Trust	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	Warrants to purchase Class A Common Stock (right to buy)	Award		+167K			167K	Sep 1, 2021	Class A Common Stock	167K	$11.50	Direct	F3
transaction	SLGC	Class B Common Stock	Options Exercise	$0	-25K	-100%	$0.00^*	0	Sep 1, 2021	Class A Common Stock	25K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	In connection with the closing (the "Closing") of the business combination (the "Business Combination") between the Issuer (which was formerly known as CM Life Sciences II Inc. or "CMLS II") and SomaLogic, Inc. ("SomaLogic"), among other things, each share of CMLS II's Class B common stock converted pursuant to the terms of such stock into shares of the Issuer's Class A Common Stock on a one-for-one basis.
F2	In connection with the Closing of the Business Combination, 400,000 shares of Class A Common stock were issued and owned directly by Quake 2018 Charitable Remainder Unitrust, The Eleftheria Foundation and DeltaXDeltaP Hbar Trust, respectively (the "Quake Entities"). Mr. Quake has voting and investment discretion with respect to the Class A Common Stock held of record by the Quake Entities. Mr. Quake disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F3	Following the completion of the Business Combination, warrants to purchase Class A Common Stock become exercisable on October 1, 2021, the date that is 30 days after the closing of the Business Combination.