ONCOLYTICS BIOTECH (ONCY) director receives 30,000 stock options at $1.06

Rhea-AI Filing Summary

ONCOLYTICS BIOTECH INC director Wayne Pisano received a grant of stock options for 30,000 common shares. The options were granted at an exercise price of $1.06 per share, which equals the closing price of the company’s common stock on June 1, 2026.

The options vest in three equal annual installments, with the first tranche vesting on June 1, 2027, as long as Pisano continues in service or employment on each vesting date. After this grant, he holds 30,000 stock options directly under this award.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Pisano Wayne

Role null

Type	Security	Shares	Price	Value
Grant/Award	Stock Option	30,000	$0.00	--

Holdings After Transaction: Stock Option — 30,000 shares (Direct, null)

Footnotes (1)

1. The exercise price is equal to the closing price of the Issuer's common stock on the Nasdaq Capital Market on the date of grant, June 1, 2026. The stock option vests in three equal annual installments with the first tranche vesting on June 1, 2027, subject to the Reporting Person's continued service or employment, as applicable, on each such vesting date.

Key Figures

Option grant size: 30,000 options Exercise price: $1.06 per share Underlying shares: 30,000 common shares +3 more

6 metrics

Option grant size 30,000 options Stock option grant to director Wayne Pisano

Exercise price $1.06 per share Equal to closing price on June 1, 2026

Underlying shares 30,000 common shares Shares issuable upon exercise of options

Expiration date June 1, 2036 Option term end date

Shares following transaction (derivative) 30,000 options Total derivative securities held after grant

Vesting schedule 3 equal annual installments First tranche vests June 1, 2027

Key Terms

Stock Option, exercise price, vests in three equal annual installments, expiration date

4 terms

Stock Option financial

"security_title: Stock Option"

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

exercise price financial

"The exercise price is equal to the closing price of the Issuer's common stock"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

vests in three equal annual installments financial

"The stock option vests in three equal annual installments with the first tranche vesting"

expiration date financial

"expiration_date: 2036-06-01T00:00:00.000Z"

The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Pisano Wayne

(Last) (First) (Middle)

C/O ONCOLYTICS BIOTECH INC.

4350 EXECUTIVE DRIVE, SUITE 325

(Street)

SAN DIEGO CALIFORNIA 92121

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ONCOLYTICS BIOTECH INC [ ONCY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	$1.06(1)	06/01/2026		A		30,000		(2)	06/01/2036	Common Shares	30,000	$0	30,000	D

Explanation of Responses:

1. The exercise price is equal to the closing price of the Issuer's common stock on the Nasdaq Capital Market on the date of grant, June 1, 2026.

2. The stock option vests in three equal annual installments with the first tranche vesting on June 1, 2027, subject to the Reporting Person's continued service or employment, as applicable, on each such vesting date.

	/s/ Kirk Look, Attorney-in-Fact	06/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did ONCY director Wayne Pisano report in this Form 4?

Wayne Pisano reported receiving a grant of stock options for 30,000 ONCY common shares. These options are a compensation-related award and do not involve an open-market stock purchase or sale, but give the right to buy shares later at a fixed price.

What is the exercise price of Wayne Pisano’s ONCY stock options?

The stock options were granted with an exercise price of $1.06 per share. This price equals the closing price of ONCOLYTICS BIOTECH INC common stock on June 1, 2026, setting the cost at which he can later buy the shares.

How many ONCY shares underlie Wayne Pisano’s new stock option grant?

The grant covers stock options exercisable into 30,000 ONCY common shares. Following this award, the filing shows 30,000 derivative securities held from this grant, representing the entire amount reported in this Form 4 transaction.

When do Wayne Pisano’s ONCY stock options vest?

The stock options vest in three equal annual installments starting June 1, 2027. Each installment requires Wayne Pisano to remain in service or employment through the applicable vesting date, spreading the potential benefit over three years.

When do Wayne Pisano’s ONCY stock options expire?

The stock options expire on June 1, 2036. This expiration date defines the final day he can exercise the options to buy ONCY common shares at the fixed $1.06 exercise price, assuming the options have vested and remain outstanding.