Glenn Whaley - Mar 4, 2024 Form 4 Insider Report for IMMUNIC, INC. (IMUX)

Role: Chief Financial Officer
Signature: /s/ Glenn Whaley
Stock symbol: IMUX
Transactions as of: Mar 4, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/6/2024, 09:50 PM
Previous filing: Jan 19, 2024
Next filing: Dec 6, 2024
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Shares	Change %	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	IMUX	Stock Option	Disposed to Issuer	-15K	-100%	0	Mar 4, 2024	Common Stock	15K	$7.37	Direct	F1
transaction	IMUX	Stock Option	Disposed to Issuer	-15K	-100%	0	Mar 4, 2024	Common Stock	15K	$8.84	Direct	F1
transaction	IMUX	Stock Option	Disposed to Issuer	-30K	-100%	0	Mar 4, 2024	Common Stock	30K	$12.30	Direct	F1
transaction	IMUX	Stock Option	Disposed to Issuer	-40K	-100%	0	Mar 4, 2024	Common Stock	40K	$15.72	Direct	F1
transaction	IMUX	Stock Option	Disposed to Issuer	-70K	-100%	0	Mar 4, 2024	Common Stock	70K	$10.73	Direct	F1
transaction	IMUX	Stock Option	Disposed to Issuer	-40K	-100%	0	Mar 4, 2024	Common Stock	40K	$10.88	Direct	F1
transaction	IMUX	Stock Option	Disposed to Issuer	-10K	-100%	0	Mar 4, 2024	Common Stock	10K	$3.40	Direct	F1
transaction	IMUX	Stock Option	Award	+220K		220K	Mar 4, 2024	Common Stock	220K	$1.72	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On March 4, 2024, the stockholders of Immunic, Inc. approved a proposal to reduce the exercise price of all employee stock options having an exercise price above $3.00 per share (the "Eligible Options") to the greater of $1.72 and 110% of the closing price on a future repricing date to be set by the Board of Directors. The Board of Directors then determined that the exercise price of all Eligible Options will be repriced to $1.72 per share, which is greater than 110% of the closing price of the Common Stock on March 4, 2024, the repricing date set by the Board of Directors. Accordingly, this Form 4 reflects the cancellation of each Eligible Option and the reissuance of all Eligible Options at an exercise price of $1.72 per share. Following the repricing, each Eligible Option retains its respective original vesting schedule and expiration date.

Content

On March 4, 2024, the stockholders of Immunic, Inc. approved a proposal to reduce the exercise price of all employee stock options having an exercise price above $3.00 per share (the "Eligible Options") to the greater of $1.72 and 110% of the closing price on a future repricing date to be set by the Board of Directors. The Board of Directors then determined that the exercise price of all Eligible Options will be repriced to $1.72 per share, which is greater than 110% of the closing price of the Common Stock on March 4, 2024, the repricing date set by the Board of Directors. Accordingly, this Form 4 reflects the cancellation of each Eligible Option and the reissuance of all Eligible Options at an exercise price of $1.72 per share. Following the repricing, each Eligible Option retains its respective original vesting schedule and expiration date.