Heather D. Turner - 18 Nov 2024 Form 4 Insider Report for Terns Pharmaceuticals, Inc. (TERN)

Role
Director
Signature
/s/ David Strauss, as Attorney-in-Fact for Heather D Turner
Issuer symbol
TERN
Transactions as of
18 Nov 2024
Net transactions value
$0
Form type
4
Filing time
19 Nov 2024, 18:30:18 UTC
Previous filing
18 Mar 2022
Next filing
12 Jun 2025
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 TERN Stock Option (Right to Buy) Award $0 +64,000 $0.000000 64,000 18 Nov 2024 Common Stock 64,000 $5.70 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1/3rd of the shares subject to the option vest on the first anniversary measured from November 18, 2024 (the "Vesting Commencement Date"), and 1/36th 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 third anniversary of the Vesting Commencement Date.