Neil K. Warma - 08 Oct 2024 Form 4 Insider Report for ProMIS Neurosciences Inc. (PMN)

Signature
/s/ Max A. Milbury, Attorney in Fact for Neil Warma
Issuer symbol
PMN
Transactions as of
08 Oct 2024
Net transactions value
$0
Form type
4
Filing time
10 Oct 2024, 17:03:35 UTC
Previous filing
05 Jan 2024
Next filing
24 Sep 2025

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 PMN Option (right to buy) Award $0 +1,144,122 +549% $0.000000 1,352,455 08 Oct 2024 Common Shares 1,144,122 $1.15 Direct F1
transaction PMN Option (right to buy) Award $0 +490,338 +36% $0.000000 1,842,739 08 Oct 2024 Common Shares 490,338 $1.15 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Initial Award is 25% vested upon grant with the remaining shares vesting ratably over thirty-six months
F2 Performance Award shall vest 25% on the date that the 10-day VWAP of the Common Shares on the Nasdaq Capital Market exceeds three times the exercise price, $3.45, with the remainder vesting ratably over the following thirty-six months