Sean McClain - 01 Feb 2024 Form 4 Insider Report for Absci Corp (ABSI)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Todd Bedrick, attorney-in-fact
Issuer symbol
ABSI
Transactions as of
01 Feb 2024
Net transactions value
$0
Form type
4
Filing time
05 Feb 2024, 19:09:28 UTC
Previous filing
16 Oct 2023
Next filing
21 Mar 2024
SEC
View on sec.gov

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Quoteable Key Fact

"Sean McClain filed Form 4 for Absci Corp (ABSI) on 05 Feb 2024."

Quick Takeaways

  • This page summarizes Sean McClain's Form 4 filing for Absci Corp (ABSI).
  • 2 reported transactions and 1 derivative row are listed below.
  • Filing timestamp: 05 Feb 2024, 19:09.

What Changed

  • Previous filing in this sequence was filed on 16 Oct 2023.
  • Current net transaction value: $0.

Why This Matters

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Official SEC Source

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABSI Common Stock Award $0 +182,000 +2.8% $0.000000 6,725,955 01 Feb 2024 Direct F1
holding ABSI Common Stock 2,269,987 01 Feb 2024 See footnote F2

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 +766,000 $0.000000 766,000 01 Feb 2024 Common Stock 766,000 $4.40 Direct F3
* 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 in three substantially equal annual installments with the first such annual installment vesting on February 1, 2025, 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.
F3 The shares subject to this option shall vest and become exercisable over a three year period, in substantially equal annual installments with the first such installment vesting on February 1, 2025, subject to the Reporting Person's continuous service to the Issuer on each such date.

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