Thomas G. Wiggans - Sep 14, 2022 Form 4 Insider Report for PARDES BIOSCIENCES, INC. (PRDS)

Role: Chief Executive Officer, Director
Signature: /s/ Elizabeth Lacy, attorney-in-fact
Stock symbol: PRDS
Transactions as of: Sep 14, 2022
Transactions value $: $0
Form type: 4
Date filed: 9/16/2022, 04:17 PM
Previous filing: Jun 13, 2022
Next filing: Oct 14, 2022

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	+450K		$0.00	450K	Sep 14, 2022	Common Stock	450K	$2.98	Direct	F1

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

Explanation of Responses:

Id	Content
F1	1/2 of the shares subject to such option vest and become exercisable on September 14, 2023, and 1/24th of the shares subject to such option vest and become exercisable in substantially equal monthly installments on the 14th day of each month thereafter, subject to continued service relationship. Options vest over two years with 1/2 of the shares subject to such option vesting and becoming exercisable on September 14, 2023, and the remaining 1/2 of the shares subject to such option vesting and becoming exercisable in substantially equal monthly installments on the 14th day of each month thereafter, subject to continued service relationship.

Content

1/2 of the shares subject to such option vest and become exercisable on September 14, 2023, and 1/24th of the shares subject to such option vest and become exercisable in substantially equal monthly installments on the 14th day of each month thereafter, subject to continued service relationship. Options vest over two years with 1/2 of the shares subject to such option vesting and becoming exercisable on September 14, 2023, and the remaining 1/2 of the shares subject to such option vesting and becoming exercisable in substantially equal monthly installments on the 14th day of each month thereafter, subject to continued service relationship.