Santiago Arroyo - 06 Feb 2024 Form 4 Insider Report for BICYCLE THERAPEUTICS plc (BCYC)

Role: CHIEF DEVELOPMENT OFFICER
Signature: /s/ Jason Minio, Attorney-in-Fact
Issuer symbol: BCYC
Transactions as of: 06 Feb 2024
Net transactions value: $0
Form type: 4
Filing time: 08 Feb 2024, 16:42:57 UTC
Previous filing: 04 Jan 2024
Next filing: 06 Jan 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BCYC	Ordinary Shares	Award	$0	+21,660	+125%	$0.000000	39,000	06 Feb 2024	Direct	F1, F2

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	BCYC	Employee Stock Option (right to buy)	Award	$0	+41,570		$0.000000	41,570	06 Feb 2024	Ordinary Shares	41,570	$17.00	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a restricted stock unit ("RSU") award. One-fourth (1/4) of the total number of RSUs shall vest on January 2, 2025 and the remaining RSUs shall vest in 12 equal quarterly installments thereafter.
F2	Each RSU represents a contingent right to receive one ordinary share.
F3	This option shall vest one-fourth (1/4) of the total number of shares underlying the option on January 2, 2025 and the remaining shares in 36 equal monthly installments thereafter.