Kurt A. Gustafson - 16 Feb 2025 Form 4 Insider Report for OmniAb, Inc. (OABI)

Signature
By: /s/ Charles S. Berkman, Attorney-in-Fact For: Kurt A. Gustafson
Issuer symbol
OABI
Transactions as of
16 Feb 2025
Net transactions value
-$26,626
Form type
4
Filing time
19 Feb 2025, 20:51:40 UTC
Previous filing
22 Jan 2025
Next filing
01 Apr 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OABI Common Stock Options Exercise $0 +13,541 +6.8% $0.000000 213,466 16 Feb 2025 Direct F1, F2, F3
transaction OABI Common Stock Sale $26,626 -7,255 -3.4% $3.67 206,211 19 Feb 2025 Direct F4, F5

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 OABI Restricted Stock Units Options Exercise $0 -13,541 -9.9% $0.000000 123,912 16 Feb 2025 Common Stock 13,541 $0.000000 Direct F1, F2
transaction OABI Restricted Stock Units Award $0 +56,250 +45% $0.000000 180,162 18 Feb 2025 Common Stock 56,250 $0.000000 Direct F2, F6
transaction OABI Stock Option (right to buy) Award $0 +337,500 $0.000000 337,500 18 Feb 2025 Common Stock 337,500 $3.66 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of an RSU grant which occurs in three substantially equal annual installments beginning on February 16, 2025.
F2 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
F3 The total includes the transfer of 12,795 OABI common stock shares on February 4, 2025 to the reporting person's ex-spouse per a domestic relations order.
F4 Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of RSUs. These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of a tax withholding obligation to be funded by a "sell-to-cover" transaction and do not represent discretionary trades by the reporting person.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.61 to $3.71. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The RSU grant vests in three substantially equal annual installments beginning on February 18, 2026.
F7 The Stock Option grant vests and is exercisable as to 12.5% of the underlying shares 6 months after the grant date, and in 42 substantially equal monthly installments thereafter.