Sean McClain - 12 Oct 2023 Form 4 Insider Report for Absci Corp (ABSI)

Role: Chief Executive Officer, Director
Signature: /s/ Todd Bedrick, attorney-in-fact
Issuer symbol: ABSI
Transactions as of: 12 Oct 2023
Transactions value $: $0
Form type: 4
Filing time: 16 Oct 2023, 18:10:44 UTC
Previous filing: 03 Mar 2023
Next filing: 05 Feb 2024
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	+175K	+2.75%	$0.00	6.54M	12 Oct 2023	Direct	F1
holding	ABSI	Common Stock						2.27M	12 Oct 2023	See footnote	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 October 12, 2024, and thereafter, the remaining RSUs will vest on an annual basis in two (2) equal installments, subject to the Reporting Person's continuous service to the Issuer on each such date.
F2	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.

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 October 12, 2024, and thereafter, the remaining RSUs will vest on an annual basis in two (2) equal installments, subject to the Reporting Person's continuous service to the Issuer on each such date.

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.