Elaine V. Jones - Apr 4, 2025 Form 4 Insider Report for Gritstone bio, Inc. (GRTS)

Role
Director
Signature
/s/ Vassiliki Economides, Attorney-in-Fact for Elaine V. Jones
Stock symbol
GRTS
Transactions as of
Apr 4, 2025
Transactions value $
$0
Form type
4
Date filed
4/8/2025, 08:58 PM
Previous filing
Jun 21, 2024
Next filing
Jun 13, 2025
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 GRTS Stock Option (Right to Buy) Other $0 -51.8K -100% $0.00 0 Apr 4, 2025 Common Stock 51.8K $2.19 Direct F1, F2
transaction GRTS Stock Option (Right to Buy) Other $0 -51.8K -100% $0.00 0 Apr 4, 2025 Common Stock 51.8K $0.76 Direct F1, F3
transaction GRTS Stcok Option (right to buy) Other $0 -19K -100% $0.00 0 Apr 4, 2025 Common Stock 19K $2.22 Direct F1, F2
transaction GRTS Stock Option (Right to Buy) Other $0 -19K -100% $0.00 0 Apr 4, 2025 Common Stock 19K $9.86 Direct F1, F2
transaction GRTS Stock Option (Right to Buy) Other $0 -12.5K -100% $0.00 0 Apr 4, 2025 Common Stock 12.5K $6.66 Direct F1, F2
transaction GRTS Stock Option (Right to Buy) Other $0 -15.9K -100% $0.00 0 Apr 4, 2025 Common Stock 15.9K $10.20 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Elaine V. Jones is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Issuer's Second Modified Plan of Reorganization pursuant to Chapter 11 of the Bankruptcy Code, which was confirmed by the United States Bankruptcy Court for the District of Delaware on April 3, 2025 and became effective on April 4, 2025, each share of the Issuer's common stock and options to purchase the Issuer's common stock outstanding prior to the Issuer's emergence from bankruptcy were cancelled for no value.
F2 The options are fully vested.
F3 The option will vest and become exercisable on the earlier of (i) the first anniversary of the date of grant or (ii) the date of the next annual stockholder's meeting to the extent unvested as of such date, subject to continued service through the applicable vesting date.