Linda Pestano - Feb 4, 2022 Form 4 Insider Report for Ensysce Biosciences, Inc. (ENSC)

Signature
/s/ Linda Pestano
Stock symbol
ENSC
Transactions as of
Feb 4, 2022
Transactions value $
$0
Form type
4
Date filed
2/4/2022, 02:16 PM
Previous filing
Feb 9, 2022

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 ENSC Stock Option Award +200K 200K Feb 4, 2022 Common Stock 200K $2.48 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 4, 2022, Ms. Pestano was granted an option (the "Stock Option") to purchase 200,000 shares of common stock of Ensysce Biosciences, Inc. (the "Company"), par value $0.01 per share, with an exercise price of $2.48. The Stock Option is scheduled to vest over four years with 1/4 vesting upon the one year anniversary of October 15, 2021 and the remainder in equal installments monthly for the thirty-six months thereafter.