Shelby J. Walker - 01 Jul 2024 Form 4 Insider Report for Absci Corp (ABSI)

Role: Chief Legal Officer
Signature: /s/ Todd Bedrick, attorney-in-fact
Issuer symbol: ABSI
Transactions as of: 01 Jul 2024
Net transactions value: $0
Form type: 4
Filing time: 03 Jul 2024, 16:48:05 UTC
Previous filing: 03 Jul 2024
Next filing: 04 Mar 2025
SEC: View on sec.gov

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	+613,000		$0.000000	613,000	01 Jul 2024	Common Stock	613,000	$3.01	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Grant to the Reporting Person as a material inducement to employment under the Issuer's 2023 Inducement Plan. 25% of the shares subject to this option vest and become exercisable on June 27, 2025, and the remaining 75% of the shares subject to this option vest and become exercisable in 36 approximately equal monthly installments thereafter, until June 27, 2028, subject to the Reporting Person's continuous service to the Issuer on each such date.

Content

Grant to the Reporting Person as a material inducement to employment under the Issuer's 2023 Inducement Plan. 25% of the shares subject to this option vest and become exercisable on June 27, 2025, and the remaining 75% of the shares subject to this option vest and become exercisable in 36 approximately equal monthly installments thereafter, until June 27, 2028, subject to the Reporting Person's continuous service to the Issuer on each such date.