Naseem Zojwalla - 20 Nov 2023 Form 4 Insider Report for Olema Pharmaceuticals, Inc. (OLMA)

Signature
/s/ Shane Kovacs, Attorney-in-Fact
Issuer symbol
OLMA
Transactions as of
20 Nov 2023
Net transactions value
-$209,296
Form type
4
Filing time
22 Nov 2023, 19:00:22 UTC
Previous filing
02 Feb 2023
Next filing
07 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OLMA Common Stock Award $0 +28,000 +163% $0.000000 45,220 20 Nov 2023 Direct F1, F2
transaction OLMA Common Stock Sale $107,681 -7,261 -16% $14.83 37,959 21 Nov 2023 Direct F3, F4
transaction OLMA Common Stock Sale $3,066 -200 -0.53% $15.33 37,759 21 Nov 2023 Direct F3, F5
transaction OLMA Common Stock Sale $98,550 -7,095 -19% $13.89 30,664 22 Nov 2023 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 11, 2022, the Reporting Person was granted certain performance restricted stock units ("PRSUs") for 80,000 shares, which are subject to vesting upon certification by the Compensation Committee of the Company's achieving two different performance milestones. The Compensation Committee certified on November 20, 2023 that 35% of the award vested based upon the certification by the Compensation Committee as to certain performance criteria.
F2 Includes 3,609 shares acquired under the issuer's Employee Stock Purchase Plan on November 15, 2022 and 13,611 shares acquired under the issuer's Employee Stock Purchase Plan on May 15, 2023.
F3 The sale reported on this Form 4 represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of PRSUs. The sale occurred automatically to satisfy the tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
F4 The weighted average sale price for the transaction reported was $14.83, and the range of prices was between $14.25 and $15.19. Upon request from the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price will be provided.
F5 The weighted average sale price for the transaction reported was $15.33, and the range of prices was between $15.29 and $15.38. Upon request from the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price will be provided.
F6 The weighted average sale price for the transaction reported was $13.89, and the range of prices was between $13.62 and $14.14. Upon request from the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price will be provided.