Michael A. Carr - 27 Jul 2021 Form 4 Insider Report for Calyxt, Inc. (CBUS)

Role: President and CEO, Director
Signature: Suzette McNally, Attorney-in-Fact for Michael A. Carr
Issuer symbol: CBUS
Transactions as of: 27 Jul 2021
Net transactions value: +$182,500
Form type: 4
Filing time: 28 Jul 2021, 17:18:47 UTC
Next filing: 31 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CBUS	Common Stock	Award	$182,500	+50,000		$3.65^*	50,000	27 Jul 2021	Direct	F1

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	CBUS	Stock Option (Right-to-Buy)	Award	$0	+200,000		$0.000000	200,000	27 Jul 2021	Common Stock	200,000	$3.65	Direct	F2
transaction	CBUS	Performance Stock Units	Award	$0	+600,000		$0.000000	600,000	27 Jul 2021	Common Stock	600,000		Direct	F3

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

Explanation of Responses:

Id	Content
F1	The Restricted Stock Units vest as to one-third (1/3) on each of the first three anniversaries of the date of the grant.
F2	The Option vests as to one-third (1/3) on each of the first three anniversaries of the date of the grant.
F3	Each Performance Stock Unit ("PSU") represents a contingent right to receive one share of Calyxt common stock. The PSUs vest upon Calyxt's common stock achieving specified prices per share for all of the trading days in any 30 consecutive calendar day period within a three year performance period.