Neil W. Gibson - Jun 13, 2024 Form 4 Insider Report for Instil Bio, Inc. (TIL)

Role
Director
Signature
/s/ Sandeep Laumas, M.D. Attorney-in-Fact for Neil W Gibson
Stock symbol
TIL
Transactions as of
Jun 13, 2024
Transactions value $
$0
Form type
4
Date filed
6/13/2024, 05:01 PM
Previous filing
Jan 10, 2024
Next filing
Jun 21, 2024

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 Stock Option (Right to Buy) Award $0 +5K $0.00 5K Jun 13, 2024 Common Stock 5K $10.50 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option will vest in 12 substantially equal monthly installments commencing on July 13, 2024, subject to the Reporting Person's Continuous Service (as defined in the company's 2021 Equity Incentive Plan, the "Plan") through the vesting dates. Any portion of the option not vested on the date of the next annual stockholder meeting will vest in full, subject to the Reporting Person's Continuous Service through such date. The option will also vest in full in the event of the Reporting Person's death, Disability (as defined in the Plan) or upon a Change in Control (as defined in the Plan).