Williams Charles O - 10 Oct 2022 Form 4 Insider Report for Surrozen, Inc./DE (SRZN)

Role
Chief Financial Officer
Signature
/s/Sheela Mohan-Peterson, Attorney-in-Fact for Charles O. Williams
Issuer symbol
SRZN
Transactions as of
10 Oct 2022
Net transactions value
$0
Form type
4
Filing time
13 Oct 2022, 06:01:55 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 -77,972 -100% 0 10 Oct 2022 Common Stock 77,972 $5.13 Direct F1, F2
transaction SRZN Option (right to buy) Disposed to Issuer -2,433 -100% 0 10 Oct 2022 Common Stock 2,433 $10.25 Direct F3, F4
transaction SRZN Option (right to buy) Disposed to Issuer -12,164 -100% 0 10 Oct 2022 Common Stock 12,164 $10.25 Direct F3, F4
transaction SRZN Option (right to buy) Disposed to Issuer -97,676 -100% 0 10 Oct 2022 Common Stock 97,676 $5.13 Direct F1, F2
transaction SRZN Option (right to buy) Award +12,164 12,164 10 Oct 2022 Common Stock 12,164 $2.16 Direct F3, F4
transaction SRZN Option (right to buy) Award +97,676 97,676 10 Oct 2022 Common Stock 97,676 $2.16 Direct F1, F2
transaction SRZN Option (right to buy) Award +2,433 2,433 10 Oct 2022 Common Stock 2,433 $2.16 Direct F3, F4
transaction SRZN Option (right to buy) Award +77,972 77,972 10 Oct 2022 Common Stock 77,972 $2.16 Direct F1, F2
* 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 12/14/2020, in exchange for a new option having a lower exercise price.
F2 Twenty-five percent of the shares subject to the Stock Option vests on 11/30/2021, and the remainder vests in 36 equal monthly installments thereafter for the following three years.
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.