Lyell Immunopharma, Inc. — Director's Dealing 2026

Feb 11, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lyell Immunopharma, Inc. (LYEL)
CIK: 0001806952
Period of Report: 2026-02-09

Reporting Person: Seely Lynn (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-02-09	Common Stock	A	20000	—	Acquired	82159	Direct
2026-02-10	Common Stock	S	438	$23.12	Disposed	81721	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-02-10	Option (right to buy)	$23.71	A	155000	Acquired	2036-02-09	Common Stock (155000)	Direct

Footnotes

F1: Pursuant to performance-based restricted stock units granted to the reporting person on February 9, 2024, 20,000 shares were issued on the Transaction Date upon the achievement of certain performance criteria certified by the compensation committee of the Issuer's board of directors on the Transaction Date.

F2: Shares automatically sold to cover tax withholding obligation from settlement of vested restricted stock units.

F3: Twelve and one-half percent (12.5%) of the total number of shares of Common Stock
subject to the option will be vested and exercisable on the date that is six (6) months after February 9, 2026 (the "Vesting Commencement Date")
and thereafter, an additional one forty-eighth (1/48th) of the shares will become vested and exercisable
monthly on the same day as the Vesting Commencement Date (or, if there is no such corresponding day for a given month,
on the last day of such month), until the option has become vested and exercisable with respect to one hundred percent (100%) of
the shares, subject to the Reporting Person providing service to the Issuer through each applicable vesting
date.