BRENT M. LONGNECKER - 24 Jun 2021 Form 4 Insider Report for Genprex, Inc. (GNPX)

Role: Director
Signature: /s/ Brent Longnecker
Issuer symbol: GNPX
Transactions as of: 24 Jun 2021
Net transactions value: $0
Form type: 4
Filing time: 25 Jun 2021, 19:03:34 UTC
Next filing: 27 Jun 2022
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	GNPX	Stock Option (right to buy)	Award	$0	+32,376		$0.000000	32,376	24 Jun 2021	Common Stock	32,376	$3.55	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Equal to the fair market value of a share of common stock on June 24, 2021, the date on which the option grant was made under the Genprex, Inc. Outside Director Compensation Policy.
F2	One hundred percent (100%) of the Shares subject to the Option shall vest upon the earlier of (a) the one (1) year anniversary of June 24, 2021 and (b) the day prior to the Company's next annual meeting of the Company's stockholders occurring after the grant date, provided that the Optionee continues to serve as a Service Provider (as defined in the Genprex, Inc. 2018 Equity Incentive Plan) through the applicable vesting date.

Content

Equal to the fair market value of a share of common stock on June 24, 2021, the date on which the option grant was made under the Genprex, Inc. Outside Director Compensation Policy.

One hundred percent (100%) of the Shares subject to the Option shall vest upon the earlier of (a) the one (1) year anniversary of June 24, 2021 and (b) the day prior to the Company's next annual meeting of the Company's stockholders occurring after the grant date, provided that the Optionee continues to serve as a Service Provider (as defined in the Genprex, Inc. 2018 Equity Incentive Plan) through the applicable vesting date.