Charles S. Berkman - 15 Feb 2024 Form 4 Insider Report for OmniAb, Inc. (OABI)

Role
Chief Legal Officer
Signature
/s/ Charles S. Berkman
Issuer symbol
OABI
Transactions as of
15 Feb 2024
Net transactions value
-$42,154
Form type
4
Filing time
20 Feb 2024, 18:22:42 UTC
Previous filing
03 Jan 2024
Next filing
09 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OABI Common Stock Options Exercise +15,624 +5.7% 287,941 15 Feb 2024 Direct F1, F2
transaction OABI Common Stock Tax liability $30,886 -5,575 -1.9% $5.54 282,366 15 Feb 2024 Direct F3
transaction OABI Common Stock Options Exercise +5,698 +2% 288,064 15 Feb 2024 Direct F2, F4
transaction OABI Common Stock Tax liability $11,268 -2,034 -0.71% $5.54 286,030 15 Feb 2024 Direct F3

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 -15,624 -14% $0.000000 93,180 15 Feb 2024 Common Stock 15,624 $0.000000 Direct F1, F2
transaction OABI Restricted Stock Units Options Exercise $0 -5,698 -6.1% $0.000000 87,482 15 Feb 2024 Common Stock 5,698 $0.000000 Direct F2, F4
transaction OABI Restricted Stock Units Award $0 +40,625 +46% $0.000000 128,107 16 Feb 2024 Common Stock 40,625 $0.000000 Direct F2, F5
transaction OABI Stock Option (right to buy) Award $0 +243,750 $0.000000 243,750 16 Feb 2024 Common Stock 243,750 $5.64 Direct F6
* 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 15, 2023, as per the terms of the November 2022 Business Combination.
F2 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
F3 Represents shares withheld to satisfy tax withholding obligations upon the vesting of previously reported RSUs.
F4 Represents the vesting of an RSU grant which occurs in two substantially equal annual installments beginning on February 15, 2023, as per the terms of the November 2022 Business Combination.
F5 The RSU grant vests in three substantially equal annual installments beginning on February 16, 2025.
F6 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.