Penny Tom - Mar 6, 2024 Form 3 Insider Report for Equillium, Inc. (EQ)

Role: Principal Accounting Officer
Signature: /s/ Penny Tom
Stock symbol: EQ
Transactions as of: Mar 6, 2024
Transactions value $: $0
Form type: 3
Date filed: 3/8/2024, 05:35 PM
Next filing: Sep 17, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	EQ	Common Stock						33.9K	Mar 6, 2024	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	EQ	Employee Stock Option (right to buy)	Mar 6, 2024	Common Stock	65K	$2.45	Direct	F1, F2
holding	EQ	Employee Stock Option (right to buy)	Mar 6, 2024	Common Stock	45K	$2.45	Direct	F1, F2
holding	EQ	Employee Stock Option (right to buy)	Mar 6, 2024	Common Stock	40K	$5.03	Direct	F1, F2
holding	EQ	Employee Stock Option (right to buy)	Mar 6, 2024	Common Stock	60K	$3.86	Direct	F1, F2
holding	EQ	Employee Stock Option (right to buy)	Mar 6, 2024	Common Stock	40K	$2.52	Direct	F1, F2
holding	EQ	Employee Stock Option (right to buy)	Mar 6, 2024	Common Stock	100K	$1.06	Direct	F1, F2
holding	EQ	Employee Stock Option (right to buy)	Mar 6, 2024	Common Stock	100K	$0.73	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Twenty-five percent of the shares subject to the option vests on the first anniversary of the vesting commencement date, and the remainder vests in 36 equal monthly installments thereafter for the following three years.
F2	Effective as of August 14, 2023, the Company's board of directors approved the repricing of the options to an exercise price of $0.785 per share. However, if a repriced option is exercised prior to the Retention Period End Date (as defined in Item 5 of the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023, filed with the SEC on August 9, 2023), or the optionholder's employment or service terminates under certain circumstances prior to the Retention Period End Date, the optionholder will be required to pay a premium price equivalent to the original exercise price per share of the repriced options. Such original exercise price per share is reflected in this column.

Content

Twenty-five percent of the shares subject to the option vests on the first anniversary of the vesting commencement date, and the remainder vests in 36 equal monthly installments thereafter for the following three years.

Effective as of August 14, 2023, the Company's board of directors approved the repricing of the options to an exercise price of $0.785 per share. However, if a repriced option is exercised prior to the Retention Period End Date (as defined in Item 5 of the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023, filed with the SEC on August 9, 2023), or the optionholder's employment or service terminates under certain circumstances prior to the Retention Period End Date, the optionholder will be required to pay a premium price equivalent to the original exercise price per share of the repriced options. Such original exercise price per share is reflected in this column.