Christopher M. Smith - 30 Jan 2025 Form 4 Insider Report for PACIFIC BIOSCIENCES OF CALIFORNIA, INC. (PACB)

Role
Director
Signature
/s/ Michele Farmer, Attorney-in-fact
Issuer symbol
PACB
Transactions as of
30 Jan 2025
Net transactions value
$0
Form type
4
Filing time
03 Feb 2025, 19:22:21 UTC
Previous filing
19 Aug 2024
Next filing
25 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PACB Common Stock Award $0 +54,099 $0.000000 54,099 30 Jan 2025 Direct F1

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 PACB Stock Option (right to buy) Award $0 +72,901 $0.000000 72,901 30 Jan 2025 Common Stock 72,901 $1.60 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Smith was elected to the Board of Directors on January 30, 2025. Each share is represented by a Restricted Stock Unit ("RSU"). The RSUs will vest in equal annual installments on January 30th of each of 2026, 2027, and 2028, provided such Reporting Person continues to serve as a director through the applicable vesting dates.
F2 One-third of the shares subject to the option will vest on January 30, 2026, which is the one year anniversary of Mr. Smith joining the Board, and the remainder will vest in equal monthly installments thereafter for 24 months on the same date of the month as his initial start date, provided he continues to serve as a director through each vesting date.