| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | GRAL | Common Stock | Award | $0 | +258K | +3252.77% | $0.00 | 266K | Jun 28, 2024 | Direct | F1, F2, F3, F4 |
| Id | Content |
|---|---|
| F1 | On June 24, 2024, Illumina, Inc. (Illumina) completed a pro rata spin-off distribution (the Distribution) of 85.5% of the outstanding shares of the Issuer to the holders of record of Illumina common stock as of June 13, 2024 (the Record Date). In connection with the Distribution, pursuant to the terms of the Employee Matters Agreement, dated as of June 21, 2024, by and between Illumina and the Issuer (the EMA), all outstanding cash-based equity appreciation incentive awards held by the Reporting Person were equitably adjusted and converted into equity-based awards with respect to the common stock of the Issuer, with such equitable adjustments determined based on the value of the award at the time of the Distribution (determined in accordance with the EMA) compared to the market capitalization of the Issuer for the four trading days following the Distribution. |
| F2 | Represents the grant of restricted stock units (RSUs) of the Issuer upon the conversion of cash-based equity appreciation incentive awards held by the Reporting Person as of the Distribution in connection with the Distribution, in accordance with the terms of the EMA. The RSUs were granted pursuant to the GRAIL, Inc. 2024 Incentive Award Plan in a manner intended to preserve the aggregate intrinsic value of the underlying cash-based equity appreciation incentive awards, on generally the same terms and conditions as applied to the cash-based equity appreciation incentive awards prior to the Distribution (including vesting and payment schedules). |
| F3 | Includes (i) 138,403 RSUs that vest on August 18, 2024, (ii) 1,328 RSUs that vest on March 4, 2025, (iii) 5,502 RSUs that vest on March 6, 2025, (iv) 92,269 RSUs that vest on April 30, 2025, (v) 8,076 RSUs that vest on August 18, 2025, (vi) 1,329 RSUs that vest on March 4, 2026, (vii) 5,502 RSUs that vest on March 6, 2026 and (viii) 5,503 RSUs that vest on March 6, 2027. Each RSU represents the right to receive, at settlement upon vesting, one share of common stock. |
| F4 | Includes 7,929 shares of the common stock of the Issuer received in connection with the Distribution in respect of Illumina common stock held as of the Record Date. |