Douglas Forsyth - 29 May 2024 Form 4 Insider Report for Inhibrx Biosciences, Inc. (INXB)

Role
Director
Signature
/s/ Kelly D. Deck, Chief Financial Officer of Inhibrx Biosciences, Inc., as attorney-in-fact
Issuer symbol
INXB
Transactions as of
29 May 2024
Transactions value $
$0
Form type
4
Filing time
30 May 2024, 18:10:12
Previous filing
24 May 2024
Next filing
30 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INXB Common Stock Award +150K 150K 29 May 2024 By the Forsyth Family Trust Dated July 20, 2001 F1, F2

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 INXB Stock Option (right to buy) Award $0 +30K $0.00 30K 30 May 2024 Common Stock 30K $15.86 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transactions reported herein are the result of the consummation on May 29, 2024 of the distribution by Inhibrx, Inc. of 92% of the issued and outstanding shares of common stock of its subsidiary, Inhibrx Biosciences, Inc. (the "Issuer"), to holders of shares of Inhibrx, Inc.'s common stock as of the distribution record date of May 17, 2024, on a pro rata basis, at a ratio of one share of the Company's common stock for every four shares of Inhibrx, Inc.'s issued and outstanding common stock held on the distribution record date. These transactions are voluntarily reported notwithstanding the exemption provided by Rule 16a-9.
F2 The reporting person is a trustee of the Forsyth Family Trust Dated July 20, 2001 and, in such capacity, may be deemed to indirectly beneficially own the securities owned by the Forsyth Family Trust Dated July 20, 2001.
F3 This stock option was granted following the consummation of the merger of Inhibrx, Inc. with a wholly owned indirect subsidiary of Sanofi.
F4 This stock option will be fully exercisable on May 30, 2025, subject to the reporting person's continued service through such date.