Michele Farmer - 02 Mar 2023 Form 4 Insider Report for PACIFIC BIOSCIENCES OF CALIFORNIA, INC. (PACB)

Signature
/s/ Michele Farmer
Issuer symbol
PACB
Transactions as of
02 Mar 2023
Net transactions value
-$29,931
Form type
4
Filing time
06 Mar 2023, 15:43:35 UTC
Previous filing
20 May 2022
Next filing
19 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PACB Common Stock Award $0 +52,100 +82% $0.000000 115,895 02 Mar 2023 Direct F1, F2
transaction PACB Common Stock Sale $29,931 -3,153 -2.7% $9.49 112,742 03 Mar 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share is represented by a Restricted Stock Unit ("RSU"). The RSUs will vest in equal annual installments on February 15th of each of 2024, 2025, 2026, and 2027, provided that the Reporting Person continues to serve through each applicable vesting date.
F2 Includes 3,441 shares purchased on September 1, 2022 and March 1, 2023 under the Company's 2010 Employee Stock Purchase Plan.
F3 Represents the number of shares automatically sold to cover tax withholding obligations in connection with the vesting of restricted stock units.
F4 This sale price represents the weighted average sale price of the shares sold ranging from $9.24 to $9.71 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

Remarks:

Chief Accounting Officer