Dina Ciarimboli - Feb 25, 2022 Form 3 Insider Report for EQRx, Inc. (EQRX)

Role
General Counsel and Secretary
Signature
/s/ William Collins, Attorney-in-Fact
Stock symbol
EQRX
Transactions as of
Feb 25, 2022
Transactions value $
$0
Form type
3
Date filed
3/1/2022, 04:24 PM
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding EQRX Common Stock 157K Feb 25, 2022 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 EQRX Stock Option (Right to Buy) Feb 25, 2022 Common Stock 157K $2.21 Direct F1
holding EQRX Earn-out Shares Feb 25, 2022 Common Stock 42.9K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One-fourth of the shares underlying this option vest and become exercisable on April 8, 2022, with the remainder vesting in 36 equal monthly installments thereafter, subject to the Reporting Person's continuous service as of each vesting date.
F2 Represents the right to acquire 42,946 shares of the Issuer's Common Stock (the "Earn-out Shares"), (i) 30,062 of which will be released from escrow if the value weighted average price ("VWAP") for at least 20 of any 30 consecutive trading days following December 17, 2022 is at least $12.50; and (ii) 12,884 of which will be released from such escrow if the VWAP for at least 20 of any 30 consecutive trading days following December 17, 2022 is at least $16.50. Any shares not eligible to be released on or prior to December 17, 2024 will be forfeited and cancelled.

Remarks:

Exhibit 24 - Power of Attorney