Nevan C. Elam - Jun 23, 2022 Form 4 Insider Report for Rezolute, Inc. (RZLT)

Role: Chief Executive Officer, Director
Signature: /s/ Nevan C. Elam
Stock symbol: RZLT
Transactions as of: Jun 23, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/27/2022, 05:56 PM
Previous filing: Dec 14, 2021
Next filing: Nov 3, 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	RZLT	Stock Option (right to buy)	Award	$0	+2.6M		$0.00	2.6M	Jun 23, 2022	Common Stock	2.6M	$3.40	Direct	F1

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

Explanation of Responses:

Id	Content
F1	This Option shall vest and become exercisable as follows: one fourth (1/4) of such Options shall vest on the one year anniversary of the Grant date and one thirty-sixth (1/36) of the remaining Options shall vest on the same day of each month thereafter until the Option is 100% vested. The unvested portion of the option will not be exercisable on or after the Reporting Person's termination of Continuous Service subject to the terms of the Reporting Person's employment agreement.

Content

This Option shall vest and become exercisable as follows: one fourth (1/4) of such Options shall vest on the one year anniversary of the Grant date and one thirty-sixth (1/36) of the remaining Options shall vest on the same day of each month thereafter until the Option is 100% vested. The unvested portion of the option will not be exercisable on or after the Reporting Person's termination of Continuous Service subject to the terms of the Reporting Person's employment agreement.