Zachariah Jonasson - Sep 1, 2023 Form 4 Insider Report for Absci Corp (ABSI)

Signature
/s/ Todd Bedrick, attorney-in-fact
Stock symbol
ABSI
Transactions as of
Sep 1, 2023
Transactions value $
$0
Form type
4
Date filed
9/6/2023, 04:52 PM
Previous filing
Jun 16, 2023
Next filing
Oct 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABSI Common Stock Award $0 +250K +2777.78% $0.00 259K Sep 1, 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 +1M $0.00 1M Sep 1, 2023 Common Stock 1M $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.