Jeffrey Alan Wolf - 30 Dec 2021 Form 4 Insider Report for HEAT BIOLOGICS, INC. (SCPX)

Role: Chief Executive Officer, Director
Signature: /s/ Jeffrey Alan Wolf
Issuer symbol: SCPX
Transactions as of: 30 Dec 2021
Net transactions value: $0
Form type: 4
Filing time: 03 Jan 2022, 16:18:44 UTC
Previous filing: 27 Dec 2021
Next filing: 09 Dec 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	NHWK	Stock Option (right to buy)	Other	$0	-231,987	-100%	$0.000000^*	0	30 Dec 2021	Common Stock	231,987	$4.06	Direct	F1
transaction	NHWK	Stock Option (right to buy)	Award	$0	+231,987		$0.000000	231,987	30 Dec 2021	Common Stock	231,987	$4.06	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	On December 28, 2021, the board of directors of Heat Biologics, Inc. (the "Company") rescinded and cancelled stock option awards previously made to Mr. Wolf on December 13, 2021 covering 231,987 shares under the Company's 2018 Stock Incentive Plan (the "Plan") and granted new stock options under the Plan, on substantially similar terms to the rescinded stock options, which new stock options are subject to forfeiture in the event an amendment to increase the number of shares of common stock available for grant under the Plan is not adopted by the Company's stockholders.
F2	The stock options to purchase 231,987 shares of Common Stock vest on the two-year anniversary of the date of grant, subject to the reporting person's continued service to the Company and is subject to forfeiture under certain circumstances.

Content

On December 28, 2021, the board of directors of Heat Biologics, Inc. (the "Company") rescinded and cancelled stock option awards previously made to Mr. Wolf on December 13, 2021 covering 231,987 shares under the Company's 2018 Stock Incentive Plan (the "Plan") and granted new stock options under the Plan, on substantially similar terms to the rescinded stock options, which new stock options are subject to forfeiture in the event an amendment to increase the number of shares of common stock available for grant under the Plan is not adopted by the Company's stockholders.

The stock options to purchase 231,987 shares of Common Stock vest on the two-year anniversary of the date of grant, subject to the reporting person's continued service to the Company and is subject to forfeiture under certain circumstances.