Zachary Roberts - 10 Sep 2021 Form 4 Insider Report for Instil Bio, Inc. (TIL)

Role
Chief Medical Officer
Signature
/s/ Sandeep Laumas, M.D. Attorney-in-Fact for Zachary Roberts
Issuer symbol
TIL
Transactions as of
10 Sep 2021
Net transactions value
$0
Form type
4
Filing time
13 Sep 2021, 18:59:11 UTC
Previous filing
13 May 2021
Next filing
08 Oct 2021
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 TIL Employee Stock Option (right to buy) Award $0 +120,000 $0.000000 120,000 10 Sep 2021 Common Stock 120,000 $0.8300 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance-based stock option previously granted to the Reporting Person by the Issuer on May 9, 2020. The performance conditions applicable to the award were determined to have been satisfied by the Issuer's Compensation Committee on September 10, 2021, resulting in the immediate vesting of the stock option as to 120,000 shares of Common Stock.