Michael David Varney - 01 Jun 2023 Form 4 Insider Report for PARDES BIOSCIENCES, INC. (PRDS)

Role: Director
Signature: /s/ Elizabeth Lacy, attorney-in-fact
Issuer symbol: PRDS
Transactions as of: 01 Jun 2023
Transactions value $: $0
Form type: 4
Filing time: 02 Jun 2023, 16:15:05
Previous filing: 24 Jun 2022
Next filing: 26 Jun 2023
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	PRDS	Stock Option (Right to Buy)	Award	$0	+37.5K		$0.00	37.5K	01 Jun 2023	Common Stock	37.5K	$1.87	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Subject to the reporting person's continued service to the Issuer on each applicable vesting date, the option vests as to 1/12 of the total award on each monthly anniversary of the Grant Date; provided, however, that notwithstanding the monthly vesting schedule, the options shall vest in full upon the earlier of (i) the one-year anniversary of the Grant Date or (ii) the date of the next annual meeting of the stockholders.

Content

Subject to the reporting person's continued service to the Issuer on each applicable vesting date, the option vests as to 1/12 of the total award on each monthly anniversary of the Grant Date; provided, however, that notwithstanding the monthly vesting schedule, the options shall vest in full upon the earlier of (i) the one-year anniversary of the Grant Date or (ii) the date of the next annual meeting of the stockholders.