Andreas Pihl - 21 Jul 2021 Form 3 Insider Report for Absci Corp (ABSI)

Role
Chief Operating Officer
Signature
/s/ Todd Bedrick, attorney-in-fact
Issuer symbol
ABSI
Transactions as of
21 Jul 2021
Net transactions value
$0
Form type
3
Filing time
21 Jul 2021, 20:53:25 UTC
Next filing
28 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ABSI Common Stock 557,327 21 Jul 2021 Direct

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
holding ABSI Series D-1 Preferred Stock 21 Jul 2021 Common Stock 50,610 Direct F1
holding ABSI Stock Option (right to buy) 21 Jul 2021 Common Stock 51,591 $1.10 Direct F2
holding ABSI Stock Option (right to buy) 21 Jul 2021 Common Stock 247,986 $1.10 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of the Issuer's Series D-1 Preferred Stock will automatically convert on a one-for-3.3031 basis into the number of shares of the Issuer's common stock, par value $0.0001 per share ("Common Stock"), shown in Column 3 immediately upon the closing of the Issuer's initial public offering without payment of additional consideration. The Series D-1 Preferred Stock has no expiration date.
F2 The shares subject to this option vest and become exercisable in 24 approximately equal monthly installments from March 1, 2020 until March 1, 2022, subject to the Reporting Person's continuous service to the Issuer on each such date.
F3 25% of the shares subject to this option vest and become exercisable on August 1, 2021, and thereafter, the remaining shares subject to this option vest and become exercisable in 36 approximately equal monthly installments until August 1, 2024, subject to the Reporting Person's continuous service to the Issuer on each such date.

Remarks:

Exhibit 24 Power of Attorney