Todd Bedrick - 21 Jul 2021 Form 3 Insider Report for Absci Corp (ABSI)

Role
VP, CCPAO
Signature
/s/ Todd Bedrick
Issuer symbol
ABSI
Transactions as of
21 Jul 2021
Net transactions value
$0
Form type
3
Filing time
21 Jul 2021, 20:55:04 UTC
Next filing
28 Jul 2021
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
holding ABSI Stock Option (right to buy) 21 Jul 2021 Common Stock 49,546 $1.10 Direct F1
holding ABSI Stock Option (right to buy) 21 Jul 2021 Common Stock 69,365 $4.40 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 25% of the shares subject to this option vest and become exercisable on December 8, 2021, and thereafter, the remaining shares subject to this option vest and become exercisable in 36 approximately equal monthly installments until December 8, 2024, subject to the Reporting Person's continuous service to the Issuer on each such date.
F2 25% of the shares subject to this option vest and become exercisable on May 6, 2022, and thereafter, the remaining shares subject to this option vest and become exercisable in 36 approximately equal monthly installments until May 6, 2025, subject to the Reporting Person's continuous service to the Issuer on each such date.

Remarks:

Exhibit 24 Power of Attorney