Williams Charles O - Oct 10, 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
Stock symbol
SRZN
Transactions as of
Oct 10, 2022
Transactions value $
$0
Form type
4
Date filed
10/13/2022, 06:01 AM
Previous filing
Mar 3, 2022
Next filing
Dec 19, 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 SRZN Option (right to buy) Disposed to Issuer -78K -100% 0 Oct 10, 2022 Common Stock 78K $5.13 Direct F1, F2
transaction SRZN Option (right to buy) Disposed to Issuer -2.43K -100% 0 Oct 10, 2022 Common Stock 2.43K $10.25 Direct F3, F4
transaction SRZN Option (right to buy) Disposed to Issuer -12.2K -100% 0 Oct 10, 2022 Common Stock 12.2K $10.25 Direct F3, F4
transaction SRZN Option (right to buy) Disposed to Issuer -97.7K -100% 0 Oct 10, 2022 Common Stock 97.7K $5.13 Direct F1, F2
transaction SRZN Option (right to buy) Award +12.2K 12.2K Oct 10, 2022 Common Stock 12.2K $2.16 Direct F3, F4
transaction SRZN Option (right to buy) Award +97.7K 97.7K Oct 10, 2022 Common Stock 97.7K $2.16 Direct F1, F2
transaction SRZN Option (right to buy) Award +2.43K 2.43K Oct 10, 2022 Common Stock 2.43K $2.16 Direct F3, F4
transaction SRZN Option (right to buy) Award +78K 78K Oct 10, 2022 Common Stock 78K $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.