Natalie C. Holles - Mar 6, 2023 Form 4 Insider Report for Third Harmonic Bio, Inc. (THRD)

Role
CEO, Director
Signature
/s/ Natalie Holles
Stock symbol
THRD
Transactions as of
Mar 6, 2023
Transactions value $
$0
Form type
4
Date filed
3/8/2023, 04:05 PM
Previous filing
Oct 27, 2022
Next filing
Jun 26, 2023

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 THRD Employee Stock Option (right to buy) Disposed to Issuer -468K -100% 0 Mar 6, 2023 Common Stock 468K $9.22 Direct F1, F2
transaction THRD Employee Stock Option (right to buy) Award +468K 468K Mar 6, 2023 Common Stock 468K $4.20 Direct F1, F2
transaction THRD Employee Stock Option (right to buy) Disposed to Issuer -205K -100% 0 Mar 6, 2023 Common Stock 205K $18.40 Direct F1, F3
transaction THRD Employee Stock Option (right to buy) Award +205K 205K Mar 6, 2023 Common Stock 205K $4.20 Direct F1, F3
transaction THRD Employee Stock Option (right to buy) Award $0 +360K $0.00 360K Mar 6, 2023 Common Stock 360K $4.20 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transaction reported herein reflects a one-time stock option repricing that became effective on March 6, 2023 and is being reported in this manner solely to comply with the technical reporting requirements under Section 16(a) of the Securities Exchange Act of 1934, as amended. There have been no other changes to the terms of these Options.
F2 6.25% of the total shares vested on May 17, 2022, and thereafter 6.25% of the total shares underlying the award shall vest in equal quarterly installments until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F3 The option vests over a four-year period: 1/48th on November 25, 2022, after which 1/48th of the total shares vest monthly, subject to continued service through each vesting date.
F4 The option vests over a four-year period: 1/48th on April 6, 2023, after which 1/48th of the total shares vest monthly, subject to continued service through each vesting date.