4/A: Absci CAO Amends Stock Option Expiration Date

Absci Corp's SVP, CAO Todd Bedrick filed an amended Form 4 to correct the expiration date of previously reported stock options.

Summary

• Todd Bedrick, SVP, CAO of Absci Corp, filed a Form 4/A to amend a previous Form 4 filed on March 4, 2026.
• The amendment specifically corrects the expiration date of a stock option grant from February 29, 2036, to March 1, 2036.
• On March 2, 2026, Mr. Bedrick acquired 49,600 shares of Common Stock in the form of Restricted Stock Units (RSUs) under the Absci Corporation 2021 Stock Option and Incentive Plan.
• These RSUs are scheduled to vest in three substantially equal annual installments, with the first installment vesting on March 1, 2027, contingent on continuous service.
• Also on March 2, 2026, Mr. Bedrick acquired 195,900 stock options with an exercise price of $2.8 per share.
• These stock options will vest and become exercisable over a three-year period in substantially equal annual installments, with the first installment vesting on March 1, 2027, contingent on continuous service.
• On March 3, 2026, 5,282 shares of Common Stock were disposed of to cover tax withholding obligations related to the vesting of restricted stock units, at a price of $2.8 per share.
• Following these transactions, Mr. Bedrick beneficially owns 216,942 shares of Common Stock directly and 195,900 stock options directly.
• The reported transactions were exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It is an administrative amendment to correct a minor detail in a previously reported insider transaction and does not reflect new operational or financial performance.

Positives

• The grant of 49,600 Restricted Stock Units (RSUs) to a key executive aligns management's interests with shareholder value.
• The grant of 195,900 stock options provides a long-term incentive for the SVP, CAO, encouraging continued performance and retention.

Future Outlook

The Restricted Stock Units and stock options granted to Mr. Bedrick are subject to a three-year vesting schedule, with the first installments vesting on March 1, 2027, contingent upon his continuous service to Absci Corp. The stock options have a corrected expiration date of March 1, 2036.

Management Comments

• The shares reported in this transaction represent Restricted Stock Units ('RSUs') issued under the Absci Corporation 2021 Stock Option and Incentive Plan.
• The RSUs shall vest and be settled in three substantially equal annual installments with the first such annual installment vesting on March 1, 2027, subject to the Reporting Person's continuous service to the Issuer on each such date.
• Amount reported represents the number of shares withheld by the Issuer to cover the tax withholding obligation in connection with the vesting of these restricted stock units and does not represent a discretionary trade by the reporting person.
• The shares subject to this option shall vest and become exercisable over a three year period, in substantially equal annual installments with the first such installment vesting on March 1, 2027, subject to the Reporting Person's continuous service to the Issuer on each such date.
• This Form 4/A amends the Form 4 filed on March 4, 2026 to correct the expiration date of the option previously reported. The original filing inadvertently reported the expiration date as February 29, 2036. The expiration date is hereby corrected to reflect March 1, 2036. The reported transaction was exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934. The Form 4 is otherwise unchanged.

Industry Context

StockSavvy.ai notes that this filing is an administrative correction to an insider transaction report, which is a routine compliance matter. It does not provide direct insights into broader industry trends or competitive positioning for Absci Corp, a company typically involved in biotechnology and drug discovery.

Stakeholder Impact

• Shareholders: Minimal direct impact, as this is an administrative correction to an executive's compensation details. The underlying grants of RSUs and options are standard executive incentives.

Next Steps

• The Restricted Stock Units and stock options will begin vesting on March 1, 2027, subject to continuous service.

Key Dates

Keywords

Absci Corp, ABSI, Form 4/A, SEC filing, insider trading, stock options, restricted stock units, executive compensation, Todd Bedrick, SVP CAO