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Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 4/14/24 |
| Issuer: |
| Issuer CIK: 1445283 |
| Issuer Name: KINETA, INC./DE |
| Issuer Trading Symbol: KA |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1958184 |
| | Owner Name: Iadonato Shawn |
| Reporting Owner Address: |
| | Owner Street 1: C/O KINETA, INC. |
| | Owner Street 2: 7683 SE 27TH STREET, SUITE 481 |
| | Owner City: MERCER ISLAND |
| | Owner State: WA |
| | Owner ZIP Code: 98040 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? No |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| Aff 10b5 One? No |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Stock Option (Right to Buy) |
| | Conversion or Exercise Price: |
| | | Value: 0.36 |
| | Transaction Date: |
| | | Value: 4/14/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 225,000 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F1 |
| | | Footnote ID: F2 |
| | Expiration Date: |
| | | Value: 4/13/34 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 225,000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 225,000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: 25% of the shares are vested and exercisable upon the grant, 25% of the shares will vest and become exercisable over the 36 month period following the award on the one-month anniversary of the vesting commencement date subject to the reporting person's continuous service status through each vesting date, and 50% of the shares will vest and become exercisable subject to the achievement of a Transaction or Qualified Transaction. |
| Footnote - F2: Footnote 2 is a continuation of Footnote 1: A "Qualified Transaction" is defined as either (i) a capital raise commitment of greater than $25 million with a minimum of $10 million upon closing or (ii) a partnership event resulting in an upfront cash payment to the Company of at least $15 million with future milestones of greater than $100 million (in cash and equity). In the event the Board of Directors of the Company approves a transaction that does not meet the criteria of a Qualified Transaction, it shall be deemed a "Transaction". In the event of the Qualified Transaction, all such shares shall immediately become fully vested and exercisable. In the event of a Transaction, all shares shall vest in an equal monthly number such that the shares will be vested and exercisable in full 36 months following the award date. |
| Owner Signature: |
| Signature Name: /s/ Shawn Iadonato |
| Signature Date: 4/16/24 |
