ImmunityBio, Inc. — Director's Dealing 2021

Feb 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NantKwest, Inc. (NK)
CIK: 0001326110
Period of Report: 2021-02-05

Reporting Person: Adcock Richard (Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-05	Common Stock	M	150000	$0.00	Acquired	150000	Direct
2021-02-05	Common Stock	F	68171	$23.72	Disposed	81829	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-05	Stock Option (right to buy)	$23.72	A	750000	Acquired	2031-02-05	Common Stock (750000)	Direct
2021-02-05	Restricted Stock Units	$	A	250000	Acquired		Common Stock (250000)	Direct
2021-02-05	Restricted Stock Units	$	A	150000	Acquired		Common Stock (150000)	Direct
2021-02-05	Restricted Stock Units	$	M	150000	Disposed		Common Stock (150000)	Direct

Footnotes

F1: Each restricted stock unit ("RSU") represents a contingent right to receive one share of NantKwest, Inc. common stock.

F2: Subject to the reporting person's continuing to be a Service Provider (as defined in the Amended and Restated 2015 Equity Incentive Plan) through each applicable vesting date, one-third (1/3rd) of the shares subject to the option shall vest in equal annual installments on each of the first, second and third anniversaries of the vesting commencement date, such that all shares shall be fully vested on the third anniversary of the vesting commencement date. The vesting commencement date for this option is February 5, 2021.

F3: Subject to the reporting person's continuing to be a Service Provider (as defined in the Amended and Restated 2015 Equity Incentive Plan) through each applicable vesting date, 83,333 of the shares subject to the RSU award shall vest in equal annual installments on each of the first and second anniversaries of the vesting commencement date and 83,334 of the shares shall vest on the third anniversary of the vesting commencement date, such that all shares shall be fully vested on the third anniversary of the vesting commencement date. The vesting commencement date for this RSU award is February 5, 2021.

F4: One hundred percent (100%) of the shares subject to the RSU award shall vest on the date of grant.