Bronson Crouch - 08 Jan 2023 Form 4 Insider Report for Instil Bio, Inc. (TIL)

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	TIL	Employee Stock Option (right to buy)	Award	$0	+1,000,000		$0.000000	1,000,000	08 Jan 2023	Common Stock	1,000,000	$0.6340	Direct	F1

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

Id	Content
F1	Twenty-five percent (25%) of the shares subject to the option vest on January 8, 2024, and the remaining shares subject to the option shall vest in thirty-six (36) equal monthly installments thereafter, subject to the Reporting Person continuing to provide service through each such date.