Keith Vendola - Nov 4, 2021 Form 4 Insider Report for IO Biotech, Inc. (IOBT)

Role: Chief Financial Officer
Signature: /s/ Brian Burkavage, Attorney-in-Fact for Keith Vendola
Stock symbol: IOBT
Transactions as of: Nov 4, 2021
Transactions value $: $0
Form type: 4
Date filed: 11/8/2021, 05:37 PM

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	IOBT	Stock Option (Right to Buy)	Award	$0	+69.5K		$0.00	69.5K	Nov 4, 2021	Common Stock	69.5K	$14.00	Direct	F1

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

Explanation of Responses:

Id	Content
F1	These options vest 25% on the one-year anniversary of the vesting commencement date of November 4, 2021, and then in 1/48 monthly increments thereafter, subject to the reporting person's continued service through the applicable vesting date, and subject to 50% acceleration upon a change of control and subject to 100% acceleration upon termination of service by the Issuer without cause or by the reporting person within 24 months of a change of control.

Content

These options vest 25% on the one-year anniversary of the vesting commencement date of November 4, 2021, and then in 1/48 monthly increments thereafter, subject to the reporting person's continued service through the applicable vesting date, and subject to 50% acceleration upon a change of control and subject to 100% acceleration upon termination of service by the Issuer without cause or by the reporting person within 24 months of a change of control.