Bedrick Todd 4/A

What Happened

• Todd Bedrick, Senior Vice President and Chief Accounting Officer of Absci (ABSI), received equity awards on March 2, 2026: 49,600 restricted stock units (RSUs) and 195,900 option-type/derivative awards (total 245,500 shares). The awards were reported at $0.00 acquisition price.
• On March 3, 2026, 5,282 shares were withheld by the company at $2.80 per share (total value ≈ $14,790) to satisfy tax withholding obligations related to the vesting of RSUs. This withholding is reported as a disposition (code F) and is not a discretionary sale.

Key Details

• Transaction dates: March 2, 2026 (award grants), March 3, 2026 (tax withholding).
• Reported amounts: 49,600 RSUs (A) and 195,900 derivative award shares (A) granted; 5,282 shares withheld at $2.80 each (F), ≈ $14,790.
• Vesting: Both the RSUs and the option-style award vest in three substantially equal annual installments, with the first vesting on March 1, 2027, subject to continuous service (Footnotes F1, F3).
• Withholding note: The 5,282 shares withheld were to cover tax withholding and “does not represent a discretionary trade” by the insider (Footnote F2).
• Amendment: This Form 4/A corrects the previously reported option expiration date from Feb 29, 2036 to March 1, 2036. The original Form 4 was filed March 4, 2026; this amendment does not indicate a late initial filing.
• Transaction codes explained: A = Award/Grant, F = Tax withholding (disposition to cover taxes).

Context

• These transactions are grants and tax-withholding related; they do not reflect an open-market purchase or an opportunistic sale by the insider. The awards vest over three years beginning March 1, 2027, so the shares are subject to future vesting and continued service requirements.
• The filing notes the transaction was exempt under Rule 16b-3 (standard for many executive awards), and the withholding was administrative, not a signal of intent to sell additional shares.