Sumita Ray - Jan 8, 2023 Form 4 Insider Report for Instil Bio, Inc. (TIL)

Role
Chief Legal and Admin Officer
Signature
/s/ Sandeep Laumas, M.D. Attorney-in-Fact for Sumita Ray, J.D.
Stock symbol
TIL
Transactions as of
Jan 8, 2023
Transactions value $
$0
Form type
4
Date filed
1/20/2023, 03:06 PM
Previous filing
Jun 24, 2022
Next filing
Jun 16, 2023

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 +415K $0.00 415K Jan 8, 2023 Common Stock 415K $0.63 Direct F1
transaction TIL Employee Stock Option (right to buy) Award $0 +50K $0.00 50K Jan 18, 2023 Common Stock 50K $0.77 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Twenty-five percent (25%) of the shares subject to the option vest on January 8, 2024, and the remaining shares subject to the option shall vest in thirty-six (36) equal monthly installments thereafter, subject to the Reporting Person continuing to provide service through each such date.
F2 Twenty-five percent (25%) of the shares subject to the option vest on January 18, 2024, and the remaining shares subject to the option shall vest in thirty-six (36) equal monthly installments thereafter, subject to the Reporting Person continuing to provide service through each such date.