Sean McClain - Mar 1, 2023 Form 4 Insider Report for Absci Corp (ABSI)

Role
Reporting Person's title: Founder and Chief Executive Officer, Director
Signature
/s/ Todd Bedrick, attorney-in-fact for Sean McClain
Stock symbol
ABSI
Transactions as of
Mar 1, 2023
Transactions value $
$0
Form type
4
Date filed
3/3/2023, 04:42 PM
Previous filing
Feb 23, 2022
Next filing
Oct 16, 2023

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 +1.3M $0.00 1.3M Mar 1, 2023 Common Stock 1.3M $2.01 Direct F1
* 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 March 1, 2024, and the remaining 75% of the shares subject to this option, vest and become exercisable in 36 equal monthly installments thereafter, until March 1, 2027, subject to the Reporting Person's continuous service to the Issuer on each such date.

Remarks:

Reporting Person's title: Founder and Chief Executive Officer