EMILY FAIRBAIRN - 03 Aug 2021 Form 4 Insider Report for IN8BIO, INC. (INAB)

Role: Director, 10%+ Owner
Signature: /s/ Jason Minio, Attorney-in-Fact
Issuer symbol: INAB
Transactions as of: 03 Aug 2021
Net transactions value: +$1,000,000
Form type: 4
Filing time: 03 Aug 2021, 16:51:46 UTC
Previous filing: 29 Jul 2021
Next filing: 19 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INAB	Common Stock	Conversion of derivative security		+83,124	+1012%		91,336	03 Aug 2021	See footnote	F1, F2
transaction	INAB	Common Stock	Conversion of derivative security		+27,706			27,706	03 Aug 2021	See footnote	F1, F3
transaction	INAB	Common Stock	Conversion of derivative security		+3,222,485			3,222,485	03 Aug 2021	See footnote	F1, F4
transaction	INAB	Common Stock	Purchase	$1,000,000	+100,000	+3.1%	$10.00^*	3,322,485	03 Aug 2021	See footnote	F4

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	INAB	Series A Preferred Stock	Conversion of derivative security	$0	-75,588	-100%	$0.000000^*	0	03 Aug 2021	Common Stock	83,124		See footnote	F1, F2
transaction	INAB	Series A Preferred Stock	Conversion of derivative security	$0	-25,195	-100%	$0.000000^*	0	03 Aug 2021	Common Stock	27,706		See footnote	F1, F3
transaction	INAB	Series A Preferred Stock	Conversion of derivative security	$0	-2,930,332	-100%	$0.000000^*	0	03 Aug 2021	Common Stock	3,222,485		See footnote	F1, F4

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

Explanation of Responses:

Id	Content
F1	Each share of Series A Preferred Stock was convertible at any time at the option of the holder, without payment of additional consideration, into Common Stock, on a 1.0997 for 1 basis, had no expiration date and automatically converted into shares of Common Stock upon the closing of the Issuer's initial public offering.
F2	The securities are held by Valley High Limited Partnership ("Valley High"). Emily Fairbairn is the sole managing partner of Valley High and has voting and investment power over the shares held by Valley High.
F3	The securities are held by Emily T. Fairbairn Roth IRA ("Roth IRA"). Emily Fairbairn exercises control over the Roth IRA, and as such, has voting and investment power over the shares held by the Roth IRA.
F4	The securities are held by Transcend Partners Opportunity Fund LLC ("Transcend"). Emily Fairbairn is the sole managing member of Transcend and has voting and investment power over the shares held by Transcend.