Penny Tom - 14 Feb 2025 Form 4 Insider Report for Equillium, Inc. (EQ)

Role
Principal Accounting Officer
Signature
/s/ Penny Tom
Issuer symbol
EQ
Transactions as of
14 Feb 2025
Net transactions value
$0
Form type
4
Filing time
19 Feb 2025, 19:31:23 UTC
Previous filing
06 Jan 2025
Next filing
03 Sep 2025
SEC
View on sec.gov

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 EQ Employee Stock Option (right to buy) Award +65,000 65,000 14 Feb 2025 Common Stock 65,000 $0.7850 Direct F1, F2
transaction EQ Employee Stock Option (right to buy) Disposed to Issuer -65,000 -100% 0 14 Feb 2025 Common Stock 65,000 $2.45 Direct F1, F2
transaction EQ Employee Stock Option (right to buy) Award +45,000 45,000 14 Feb 2025 Common Stock 45,000 $0.7850 Direct F1, F2
transaction EQ Employee Stock Option (right to buy) Disposed to Issuer -45,000 -100% 0 14 Feb 2025 Common Stock 45,000 $2.45 Direct F1, F2
transaction EQ Employee Stock Option (right to buy) Award +40,000 40,000 14 Feb 2025 Common Stock 40,000 $0.7850 Direct F1, F2
transaction EQ Employee Stock Option (right to buy) Disposed to Issuer -40,000 -100% 0 14 Feb 2025 Common Stock 40,000 $5.03 Direct F1, F2
transaction EQ Employee Stock Option (right to buy) Award +60,000 60,000 14 Feb 2025 Common Stock 60,000 $0.7850 Direct F1, F2
transaction EQ Employee Stock Option (right to buy) Disposed to Issuer -60,000 -100% 0 14 Feb 2025 Common Stock 60,000 $3.86 Direct F1, F2
transaction EQ Employee Stock Option (right to buy) Award +40,000 40,000 14 Feb 2025 Common Stock 40,000 $0.7850 Direct F1, F2
transaction EQ Employee Stock Option (right to buy) Disposed to Issuer -40,000 -100% 0 14 Feb 2025 Common Stock 40,000 $2.52 Direct F1, F2
transaction EQ Employee Stock Option (right to buy) Award +100,000 100,000 14 Feb 2025 Common Stock 100,000 $0.7850 Direct F1, F2
transaction EQ Employee Stock Option (right to buy) Disposed to Issuer -100,000 -100% 0 14 Feb 2025 Common Stock 100,000 $1.06 Direct F1, F2
* 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 On August 7, 2023, the Board of Directors of the Company approved the repricing of certain options based on the closing price of the Company's common stock on August 14, 2023. The repricing of these options was subject to a holding period that lapsed on February 14, 2025. The repricing resulted in the impacted options having a lower exercise price of $0.785 per share, which is the closing price of the Company's common stock on the Nasdaq Capital Market on August 14, 2023. All of the other terms of the options remained unchanged.