Sean Mackay - 21 Mar 2023 Form 4 Insider Report for IsoPlexis Corp

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
21 Mar 2023, 16:47:35 UTC
Prior SEC filing
29 Aug 2022
Next SEC filing
03 Sep 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/Sean Mackay

Key filing fact

Sean Mackay filed Form 4 for IsoPlexis Corp on 21 Mar 2023.

Key facts

  • This page summarizes Sean Mackay's Form 4 filing for IsoPlexis Corp.
  • 15 reported transactions and 14 derivative rows are listed below.
  • Accepted by SEC: 21 Mar 2023, 16:47.

Change

  • Previous filing in this sequence was filed on 29 Aug 2022.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ISO transaction

Common Stock

Disposed to Issuer

Transaction value
Shares
-914,366
Change %
-100%
Price
Shares after
0
Date
21 Mar 2023
Ownership
Direct
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ISO transaction Derivative

Stock Option

Disposed to Issuer

Transaction value
Shares
-834
Change %
-100%
Price
Shares after
0
Date
21 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
834
Exercise price
$0.2788
Footnotes
F2, F3
ISO transaction Derivative

Stock Option

Disposed to Issuer

Transaction value
Shares
-19,000
Change %
-100%
Price
Shares after
0
Date
21 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
19,000
Exercise price
$0.2788
Footnotes
F2, F4
ISO transaction Derivative

Stock Option

Disposed to Issuer

Transaction value
Shares
-52,000
Change %
-100%
Price
Shares after
0
Date
21 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
52,000
Exercise price
$0.4400
Footnotes
F2, F5
ISO transaction Derivative

Stock Option

Disposed to Issuer

Transaction value
Shares
-14,000
Change %
-100%
Price
Shares after
0
Date
21 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
14,000
Exercise price
$0.7263
Footnotes
F2, F6
ISO transaction Derivative

Stock Option

Disposed to Issuer

Transaction value
Shares
-14,000
Change %
-100%
Price
Shares after
0
Date
21 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
14,000
Exercise price
$0.7263
Footnotes
F2, F7
ISO transaction Derivative

Stock Option

Disposed to Issuer

Transaction value
Shares
-112,000
Change %
-100%
Price
Shares after
0
Date
21 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
112,000
Exercise price
$0.7263
Footnotes
F2, F8
ISO transaction Derivative

Stock Option

Disposed to Issuer

Transaction value
Shares
-24,000
Change %
-100%
Price
Shares after
0
Date
21 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
24,000
Exercise price
$0.7263
Footnotes
F2, F9
ISO transaction Derivative

Stock Option

Disposed to Issuer

Transaction value
Shares
-48,000
Change %
-100%
Price
Shares after
0
Date
21 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
48,000
Exercise price
$0.7263
Footnotes
F2, F10
ISO transaction Derivative

Stock Option

Disposed to Issuer

Transaction value
Shares
-52,000
Change %
-100%
Price
Shares after
0
Date
21 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
52,000
Exercise price
$0.7263
Footnotes
F2, F11
ISO transaction Derivative

Stock Option

Disposed to Issuer

Transaction value
Shares
-40,000
Change %
-100%
Price
Shares after
0
Date
21 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
40,000
Exercise price
$0.7263
Footnotes
F2, F12
ISO transaction Derivative

Stock Option

Disposed to Issuer

Transaction value
Shares
-96,000
Change %
-100%
Price
Shares after
0
Date
21 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
96,000
Exercise price
$0.9625
Footnotes
F2, F13
ISO transaction Derivative

Stock Option

Disposed to Issuer

Transaction value
Shares
-680,000
Change %
-100%
Price
Shares after
0
Date
21 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
680,000
Exercise price
$1.03
Footnotes
F2, F14
ISO transaction Derivative

Stock Option

Disposed to Issuer

Transaction value
Shares
-744,000
Change %
-100%
Price
Shares after
0
Date
21 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
744,000
Exercise price
$4.81
Footnotes
F2, F15
ISO transaction Derivative

Stock Option

Disposed to Issuer

Transaction value
Shares
-296,100
Change %
-100%
Price
Shares after
0
Date
21 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
296,100
Exercise price
$3.43
Footnotes
F2, F16
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Sean Mackay is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 16 footnotes

Footnote F1

On March 21, 2023, pursuant to the Agreement and Plan of Merger, dated as of December 21, 2022 (the Merger Agreement), by and among IsoPlexis Corporation, a Delaware corporation (IsoPlexis), Berkeley Lights, Inc., a Delaware corporation (Berkeley Lights), and Iceland Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Berkeley Lights, each share of common stock, par value $0.001, of IsoPlexis (IsoPlexis Common Stock) reported in this Form 4 was converted into the right to receive 0.6120 fully paid and nonassessable shares of common stock, par value $0.00005, of Berkeley Lights (Berkeley Lights Common Stock), together with cash in lieu of fractional shares of Berkeley Lights Common Stock, if any, and any unpaid dividends or other distributions.

Footnote F2

On March 21, 2023, pursuant to the Merger Agreement, each IsoPlexis stock option (whether vested or unvested) reported in this Form 4 (a) if the per-share exercise price was equal to or greater than the average closing trading price for a share of IsoPlexis Common Stock rounded to the nearest one-tenth of a cent, as reported on The Nasdaq Stock Market LLC for the five most recent trading days ending on and including the third business day prior to March 20, 2023 (the Company Trading Price), was canceled for no consideration and (b) if the per-share exercise price was less than the Company Trading Price, was converted into a Berkeley Lights stock option of approximately equivalent value and generally on the same terms and conditions.

Footnote F3

Vested 25% on August 31, 2019 and thereafter in 36 equal monthly installments.

Footnote F4

Vested 25% on May 25, 2017 and thereafter in 36 equal monthly installments.

Footnote F5

Vested 25% on October 20, 2017 and thereafter in 36 equal monthly installments.

Footnote F6

Vested 25% on December 26, 2019 upon achievement of performance target and thereafter in 36 equal monthly installments.

Footnote F7

Vests 25% one year after achievement of sale target and thereafter in 36 equal monthly installments.

Footnote F8

Vested 25% on October 5, 2018 and thereafter in 36 equal monthly installments.

Footnote F9

Vested 25% on January 16, 2019 and thereafter in 36 equal monthly installments.

Footnote F10

Vested 25% on August 1, 2018 and thereafter in 36 equal monthly installments.

Footnote F11

Vested 25% on June 29, 2019 and thereafter in 36 equal monthly installments.

Footnote F12

Vested 25% on September 27, 2019 and thereafter in 36 equal monthly installments.

Footnote F13

Vested 25% on December 5, 2019 and thereafter in 36 equal monthly installments.

Footnote F14

Vested in full as of December 15, 2020.

Footnote F15

Vested 25% on June 8, 2020 and thereafter in 36 equal monthly installments.

Footnote F16

Vests 25% on March 31, 2023 and thereafter in 36 equal monthly installments.

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