David R. Epstein - Feb 28, 2022 Form 4 Insider Report for Evelo Biosciences, Inc. (EVLO)

Role: Director
Signature: /s/ Daniel S. Char, Attorney-in-Fact for David R. Epstein
Stock symbol: EVLO
Transactions as of: Feb 28, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/1/2022, 03:07 PM
Previous filing: Feb 23, 2022
Next filing: Mar 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EVLO	Common Stock	Options Exercise	$0	+2.05K	+3.93%	$0.00	54.2K	Feb 28, 2022	Direct	F1
transaction	EVLO	Common Stock	Options Exercise	$0	+2.87K	+5.3%	$0.00	57.1K	Feb 28, 2022	Direct	F1

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	EVLO	Restricted Stock Units	Options Exercise	$0	-2.05K	-20%	$0.00	8.21K	Feb 28, 2022	Common Stock	2.05K	$0.00	Direct	F2
transaction	EVLO	Restricted Stock Units	Options Exercise	$0	-2.87K	-20%	$0.00	11.5K	Feb 28, 2022	Common Stock	2.87K	$0.00	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Settlement of shares of Common Stock acquired upon the vesting of Restricted Stock Units previously granted to the reporting person.
F2	The Restricted Stock Units vest in 12 substantially equal monthly installments following the June 30, 2021 grant date, subject to the reporting person's continued service as chair of the board of directors of the issuer on such vesting dates.
F3	The Restricted Stock Units vest in 12 substantially equal monthly installments following the June 30, 2021 grant date, subject to the reporting person's continued service as a consultant to the issuer on such vesting dates.