Certain Restricted Stock Units of Aptevo Therapeutics Inc. are subject to a Lock-Up Agreement Ending on 15-JUL-2024. These Restricted Stock Units will be under lockup for 91 days starting from 15-APR-2024 to 15-JUL-2024.

Details:
Each of the officers and directors have agreed to be subject to a lock-up period of 90 days following the date of this prospectus. This means that, during the applicable lock-up period, they may not offer for sale, contract to sell, or sell any shares of Common Stock or any securities convertible into, or exercisable or exchangeable for, shares of Common Stock subject to certain customary exceptions. In addition, we have agreed to not issue any shares of Common Stock or securities exercisable or convertible into shares of Common Stock for a period of 60 days following the closing date of this offering, subject to certain exceptions. We have also agreed for a period of 180 days following the closing date of this offering not to issue securities involving a variable rate transaction, including any issuance based on a future determined price, with a conversion, exercise or exchange price that is subject to being reset at a future date or upon the occurrence of specified or contingent events, or enter into an equity line of credit or "at-the-market offering," for a period of 180 days following the closing date of this offering.