Sean McClain - Jul 21, 2021 Form 3 Insider Report for Absci Corp (ABSI)

Role: President and Chief Executive, Director, 10%+ Owner
Signature: /s/ Todd Bedrick, attorney-in-fact
Stock symbol: ABSI
Transactions as of: Jul 21, 2021
Transactions value $: $0
Form type: 3
Date filed: 7/21/2021, 09:04 PM
Next filing: Jul 28, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ABSI	Common Stock						6.36M	Jul 21, 2021	Direct
holding	ABSI	Common Stock						2.27M	Jul 21, 2021	See footnote	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
holding	ABSI	Stock Option (right to buy)							Jul 21, 2021	Common Stock	21.9K	$1.10	Direct	F2
holding	ABSI	Stock Option (right to buy)							Jul 21, 2021	Common Stock	2.69K	$1.10	Direct	F3
holding	ABSI	Stock Option (right to buy)							Jul 21, 2021	Common Stock	397K	$1.21	Direct	F4
holding	ABSI	Stock Option (right to buy)							Jul 21, 2021	Common Stock	127K	$1.10	Direct	F4
holding	ABSI	Stock Option (right to buy)							Jul 21, 2021	Common Stock	8.51K	$1.10	See footnote	F1, F2
holding	ABSI	Stock Option (right to buy)							Jul 21, 2021	Common Stock	1.04K	$1.10	See footnote	F1, F3

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

Explanation of Responses:

Id	Content
F1	These shares are held by Brittany McClain and are subject to a voting agreement and proxy pursuant to which the Reporting Person is entitled to vote such shares on all matters presented to the Issuer's stockholders for approval. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, if any.
F2	This option is fully vested and exercisable.
F3	25% of the shares subject to this option vested and became exercisable on July 11, 2018, and thereafter, the remaining shares subject to this option vested and became exercisable in 36 approximately equal monthly installments until July 11, 2021, such that this option is fully vested and exercisable.
F4	The shares subject to this option vest and become exercisable in 48 approximately equal monthly installments from March 4, 2021 until March 4, 2025, subject to the Reporting Person's continuous service to the Issuer on each such date.