Kerry Strong Russell - Jul 1, 2022 Form 4 Insider Report for Terns Pharmaceuticals, Inc. (TERN)

Role
Chief Medical Officer
Signature
/s/ Bryan Yoon, as Attorney-in-Fact for Kerry Strong Russell
Stock symbol
TERN
Transactions as of
Jul 1, 2022
Transactions value $
$0
Form type
4
Date filed
7/6/2022, 08:07 PM
Previous filing
Jun 10, 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 TERN Stock Option (Right to Buy) Award $0 +240K $0.00 240K Jul 1, 2022 Common Stock 240K $2.69 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 25% of the shares subject to the option vest on the first anniversary measured from May 31, 2022 (the "Vesting Commencement Date"), and 1/48th of the total number of shares vest monthly thereafter, such that 100% of the shares subject to the option will be fully vested on the fourth anniversary of the Vesting Commencement Date.