Shao-Lee Lin - 09 Jan 2024 Form 4 Insider Report for ACELYRIN, Inc. (SLRN)

Role
Chief Executive Officer, Director
Signature
/s/ Mina Kim, Attorney-in-fact
Issuer symbol
SLRN
Transactions as of
09 Jan 2024
Net transactions value
$0
Form type
4
Filing time
11 Jan 2024, 18:42:40 UTC
Previous filing
04 Jan 2024
Next filing
22 Feb 2024
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 SLRN Employee Stock Option (right to buy) Award $0 +964,829 $0.000000 964,829 09 Jan 2024 Common Stock 964,829 $7.68 Direct F1
transaction SLRN Employee Stock Option (right to buy) Award $0 +413,498 $0.000000 413,498 09 Jan 2024 Common Stock 413,498 $7.68 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1/4 of the shares subject to the option vest on January 9, 2025, and 1/48 of the shares subject to the option vest in equal monthly installments thereafter, subject to the Reporting Person's continued service.
F2 All of the shares subject to the option shall vest on July 9, 2025 if on that date the 30-day volume weighted average price of the Issuer's Common Stock for the immediately preceding 30 days meets or exceeds $22.00 per share, subject to the Reporting Person's continued service as of such vesting date, with such option being forfeited if such goal is not achieved.