Jing Zhou - 21 Mar 2023 Form 4 Insider Report for IsoPlexis Corp

Reporting relationship: Chief Scientific Officer
Issuer ticker: N/A
Reported as of: 21 Mar 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 21 Mar 2023, 16:48:57 UTC
Prior SEC filing: 04 Apr 2022
Source filing: View source filing
Reporting owner signature: /s/ Jing Zhou

Key filing fact

Jing Zhou filed Form 4 for IsoPlexis Corp on 21 Mar 2023.

Key facts

This page summarizes Jing Zhou's Form 4 filing for IsoPlexis Corp.
10 reported transactions and 9 derivative rows are listed below.
Accepted by SEC: 21 Mar 2023, 16:48.

Change

Previous filing in this sequence was filed on 04 Apr 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: -1,200
Change %: -100%
Price
Shares after: 0
Date: 21 Mar 2023
Ownership: By Spouse IRA
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: -8,000
Change %: -100%
Price
Shares after: 0
Date: 21 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 8,000
Exercise price: $0.2788
Footnotes: F2, F3

ISO transaction Derivative

Stock Option

Disposed to Issuer

Transaction value
Shares: -1,600
Change %: -100%
Price
Shares after: 0
Date: 21 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,600
Exercise price: $0.2788
Footnotes: F2, F4

ISO transaction Derivative

Stock Option

Disposed to Issuer

Transaction value
Shares: -4,000
Change %: -100%
Price
Shares after: 0
Date: 21 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,000
Exercise price: $0.4775
Footnotes: F2, F5

ISO transaction Derivative

Stock Option

Disposed to Issuer

Transaction value
Shares: -22,000
Change %: -100%
Price
Shares after: 0
Date: 21 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 22,000
Exercise price: $0.7263
Footnotes: F2, F6

ISO transaction Derivative

Stock Option

Disposed to Issuer

Transaction value
Shares: -8,000
Change %: -100%
Price
Shares after: 0
Date: 21 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 8,000
Exercise price: $0.9625
Footnotes: F2, F7

ISO transaction Derivative

Stock Option

Disposed to Issuer

Transaction value
Shares: -30,000
Change %: -100%
Price
Shares after: 0
Date: 21 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 30,000
Exercise price: $1.03
Footnotes: F2, F8

ISO transaction Derivative

Stock Option

Disposed to Issuer

Transaction value
Shares: -12,000
Change %: -100%
Price
Shares after: 0
Date: 21 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 12,000
Exercise price: $1.83
Footnotes: F2, F9

ISO transaction Derivative

Stock Option

Disposed to Issuer

Transaction value
Shares: -100,000
Change %: -100%
Price
Shares after: 0
Date: 21 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 100,000
Exercise price: $4.81
Footnotes: F2, F10

ISO transaction Derivative

Stock Option

Disposed to Issuer

Transaction value
Shares: -73,500
Change %: -100%
Price
Shares after: 0
Date: 21 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 73,500
Exercise price: $3.43
Footnotes: F2, F11

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

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

Explanation of responses 11 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 October 29, 2016 and thereafter in 36 equal monthly installments.

Footnote F4

Vested 25% on January 1, 2017 and thereafter in 36 equal monthly installments.

Footnote F5

Vested 25% on January 31, 2018 and thereafter in 36 equal monthly installments.

Footnote F6

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

Footnote F7

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

Footnote F8

Vested 25% on December 4, 2020 and thereafter in 36 equal monthly installments.

Footnote F9

Vested 25% on December 15, 2021 and thereafter in 36 equal monthly installments.

Footnote F10

Vested 25% on June 8, 2022 and thereafter in 36 equal monthly installments.

Footnote F11

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