Aymeric Sallin - Nov 13, 2023 Form 4 Insider Report for Cartesian Therapeutics, Inc. (SELB)

Role
Director
Signature
/s/ Matthew Bartholomae, Attorney-in-Fact for Aymeric Sallin
Stock symbol
SELB
Transactions as of
Nov 13, 2023
Transactions value $
-$69,750
Form type
4
Date filed
11/15/2023, 05:17 PM
Previous filing
Jan 4, 2023
Next filing
Jan 4, 2024

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 SELB Stock Option (Right to Buy) Disposed to Issuer -6.41K -100% 0 Nov 13, 2023 Common Stock 6.41K $17.47 Direct F1
transaction SELB Stock Option (Right to Buy) Disposed to Issuer -10K -100% 0 Nov 13, 2023 Common Stock 10K $12.75 Direct F2
transaction SELB Stock Option (Right to Buy) Disposed to Issuer -10K -100% 0 Nov 13, 2023 Common Stock 10K $2.10 Direct F3
transaction SELB Stock Option (Right to Buy) Disposed to Issuer -20K -100% 0 Nov 13, 2023 Common Stock 20K $3.00 Direct F4
transaction SELB Stock Option (Right to Buy) Disposed to Issuer -40K -100% 0 Nov 13, 2023 Common Stock 40K $4.01 Direct F5
transaction SELB Stock Option (Right to Buy) Disposed to Issuer -40K -100% 0 Nov 13, 2023 Common Stock 40K $3.31 Direct F6
transaction SELB Stock Option (Right to Buy) Disposed to Issuer -$69.8K -75K -100% $0.93 0 Nov 13, 2023 Common Stock 75K $1.13 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This option, which provided for vesting in full on June 14, 2018, was canceled in the merger (the "Merger") between Selecta Biosciences, Inc. and Cartesian Therapeutics, Inc.
F2 This option, which provided for vesting in full on June 13, 2019, was canceled in the Merger.
F3 This option, which provided for vesting in full on June 14, 2020, was canceled in the Merger.
F4 This option, which provided for vesting in full on June 17, 2021, was canceled in the Merger.
F5 This option, which provided for vesting in full on March 30, 2022, was canceled in the Merger.
F6 This option, which provided for vesting in full on January 3, 2023, was canceled in the Merger.
F7 This option, which provided for vesting in full on January 2, 2024, was canceled in the Merger in exchange for a cash payment of $69,750, representing the difference between the exercise price of the option and $2.06, the Cash-out Amount as applied in the Merger.