Craig C. Parker - 10 Oct 2022 Form 4 Insider Report for Surrozen, Inc./DE (SRZN)

Role
Chief Executive Officer, Director
Signature
/s/Sheela Mohan-Peterson, Attorney-in-fact for Craig Parker
Issuer symbol
SRZN
Transactions as of
10 Oct 2022
Net transactions value
$0
Form type
4
Filing time
12 Oct 2022, 21:56:42 UTC
Previous filing
03 Mar 2022
Next filing
19 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 SRZN Option (right to buy) Disposed to Issuer -35,987 -100% 0 10 Oct 2022 Common Stock 35,987 $10.77 Direct F1, F2
transaction SRZN Option (right to buy) Disposed to Issuer -2,065 -100% 0 10 Oct 2022 Common Stock 2,065 $10.25 Direct F3, F4
transaction SRZN Option (right to buy) Disposed to Issuer -181,270 -100% 0 10 Oct 2022 Common Stock 181,270 $10.25 Direct F3, F4
transaction SRZN Option (right to buy) Disposed to Issuer -315,310 -100% 0 10 Oct 2022 Common Stock 315,310 $10.77 Direct F1, F2
transaction SRZN Option (right to buy) Award $0 +35,987 $0.000000 35,987 10 Oct 2022 Common Stock 35,987 $2.16 Direct
transaction SRZN Option (right to buy) Award $0 +315,310 $0.000000 315,310 10 Oct 2022 Common Stock 315,310 $2.16 Direct
transaction SRZN Option (right to buy) Award $0 +181,270 $0.000000 181,270 10 Oct 2022 Common Stock 181,270 $2.16 Direct
transaction SRZN Option (right to buy) Award $0 +2,065 $0.000000 2,065 10 Oct 2022 Common Stock 2,065 $2.16 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person agreed to cancellation of an option granted to him on 2/23/2021, in exchange for a new option having a lower exercise price.
F2 The shares subject to the options vest and become exercisable in a series of 48 equal monthly installments beginning on 2/1/2021, subject to the reporting person's continued employment through the applicable vesting date.
F3 The reporting person agreed to cancellation of an option granted to him on 8/12/2021, in exchange for a new option having a lower exercise price.
F4 Twenty-five percent of the shares subject to the Stock Option vests on 8/12/2022, and the remainder vests in 36 equal monthly installments thereafter for the following three years.