Zachariah Jonasson - 01 Sep 2023 Form 4 Insider Report for Absci Corp (ABSI)

Role: CFO / CBO, Director
Signature: /s/ Todd Bedrick, attorney-in-fact
Issuer symbol: ABSI
Transactions as of: 01 Sep 2023
Net transactions value: $0
Form type: 4
Filing time: 06 Sep 2023, 16:52:33 UTC
Previous filing: 16 Jun 2023
Next filing: 16 Oct 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ABSI	Common Stock	Award	$0	+250,000	+2778%	$0.000000	259,000	01 Sep 2023	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	ABSI	Stock Option (right to buy)	Award	$0	+1,000,000		$0.000000	1,000,000	01 Sep 2023	Common Stock	1,000,000	$1.87	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The shares reported in this transaction represent Restricted Stock Units ("RSUs") issued under the Absci Corporation 2021 Stock Option and Incentive Plan. Each RSU represents the contingent right to receive one share of the Issuer's Common Stock. The RSUs shall vest and be settled as to 1/3rd of RSUs on August 31, 2024, and thereafter, the remaining RSUs will vest on a quarterly basis in eight (8) equal installments, subject to the Reporting Person's continuous service to the Issuer on each such date.
F2	1/48th of the shares subject to this option vest and become exercisable in equal monthly installments beginning on the date one month after August 31, 2023 (or otherwise on the last day of the applicable month), subject to the Reporting Person's continuous service to the Issuer on each such date.

Content

The shares reported in this transaction represent Restricted Stock Units ("RSUs") issued under the Absci Corporation 2021 Stock Option and Incentive Plan. Each RSU represents the contingent right to receive one share of the Issuer's Common Stock. The RSUs shall vest and be settled as to 1/3rd of RSUs on August 31, 2024, and thereafter, the remaining RSUs will vest on a quarterly basis in eight (8) equal installments, subject to the Reporting Person's continuous service to the Issuer on each such date.

1/48th of the shares subject to this option vest and become exercisable in equal monthly installments beginning on the date one month after August 31, 2023 (or otherwise on the last day of the applicable month), subject to the Reporting Person's continuous service to the Issuer on each such date.