Tom C. Thomas - 12 Aug 2024 Form 4 Insider Report for Vincerx Pharma, Inc. (VINC)

Role
General Counsel and Chief Legal Officer
Signature
By: /s/ Tom C. Thomas
Issuer symbol
VINC
Transactions as of
12 Aug 2024
Net transactions value
$0
Form type
4
Filing time
14 Aug 2024, 20:11:28 UTC
Previous filing
29 May 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 VINC Stock Option (right to buy) Disposed to Issuer -175,000 -100% 0 12 Aug 2024 Common Stock 175,000 $23.75 Direct F1, F2
transaction VINC Stock Option (right to buy) Award +175,000 175,000 12 Aug 2024 Common Stock 175,000 $0.5500 Direct F1, F2
transaction VINC Stock Option (right to buy) Disposed to Issuer -55,250 -100% 0 12 Aug 2024 Common Stock 55,250 $6.26 Direct F1, F3
transaction VINC Stock Option (right to buy) Award +55,250 55,250 12 Aug 2024 Common Stock 55,250 $0.5500 Direct F1, F3
transaction VINC Stock Option (right to buy) Disposed to Issuer -58,000 -100% 0 12 Aug 2024 Common Stock 58,000 $1.71 Direct F1, F4
transaction VINC Stock Option (right to buy) Award +58,000 58,000 12 Aug 2024 Common Stock 58,000 $0.5500 Direct F1, F4
transaction VINC Stock Option (right to buy) Disposed to Issuer -56,000 -100% 0 12 Aug 2024 Common Stock 56,000 $0.8200 Direct F1, F5
transaction VINC Stock Option (right to buy) Award +56,000 56,000 12 Aug 2024 Common Stock 56,000 $0.5500 Direct F1, F5
transaction VINC Stock Option (right to buy) Disposed to Issuer -86,000 -100% 0 12 Aug 2024 Common Stock 86,000 $1.17 Direct F1, F6
transaction VINC Stock Option (right to buy) Award +86,000 86,000 12 Aug 2024 Common Stock 86,000 $0.5500 Direct F1, F6
transaction VINC Stock Option (right to buy) Disposed to Issuer -93,750 -100% 0 12 Aug 2024 Common Stock 93,750 $7.38 Direct F1, F7
transaction VINC Stock Option (right to buy) Award +93,750 93,750 12 Aug 2024 Common Stock 93,750 $0.5500 Direct F1, F7
transaction VINC Stock Option (right to buy) Disposed to Issuer -31,250 -100% 0 12 Aug 2024 Common Stock 31,250 $7.38 Direct F1, F7
transaction VINC Stock Option (right to buy) Award +31,250 +33% 125,000 12 Aug 2024 Common Stock 31,250 $0.5500 Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 12, 2024, the stockholders of the Issuer approved the repricing of certain outstanding options to purchase common stock (the "Repriced Options"), with the new exercise price being the closing price of the Issuer's common stock on the Nasdaq Capital Market on August 12, 2024, rounded up to the nearest penny (the "Repricing"). There is no change to the number of shares underlying the Repriced Options or the vesting schedule or expiration dates of the Repriced Options. The Repricing was approved by the Board of Directors of the Issuer on June 26, 2024, based on the recommendation of the Compensation Committee of the Board of Directors.
F2 Option vests over three years, with 1/3 of the shares vesting on March 15, 2022, and 1/36th of the shares vesting monthly thereafter.
F3 Option vests over three years, with 1/3 of the shares vesting on December 23, 2022, and 1/36th of the shares vesting monthly thereafter.
F4 Option vests in twenty-four equal monthly installments starting from August 25, 2022.
F5 Option vests in twenty-four equal monthly installments starting from November 15, 2022.
F6 Option vests in twenty-four equal monthly installments starting from February 15, 2023.
F7 One-third (1/3) vests on March 7, 2025, with the remainder vesting in twenty-four equal monthly installments thereafter.

Remarks:

General Counsel and Chief Legal Officer