ONCOLYTICS BIOTECH (ONCY) director receives stock options on 30,000 shares

Rhea-AI Filing Summary

ONCOLYTICS BIOTECH INC director Deborah Margaret Brown received a stock option grant for 30,000 common shares. The option has an exercise price of $1.06 per share, matching the Nasdaq Capital Market closing price on June 1, 2026, and expires on June 1, 2036.

The award vests in three equal annual installments starting on June 1, 2027, conditioned on her continued service or employment on each vesting date. Following this grant, she holds options for 30,000 underlying common shares as reported in this filing.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Brown Deborah Margaret

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 Expiration date: June 1, 2036 +2 more

5 metrics

Option grant size 30,000 options Stock option award to director on June 1, 2026

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

Expiration date June 1, 2036 Option term for director stock option grant

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

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

Key Terms

Stock Option, exercise price, Nasdaq Capital Market, vests in three equal annual installments, +1 more

5 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.

Nasdaq Capital Market financial

"closing price of the Issuer's common stock on the Nasdaq Capital Market on the date of grant"

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

vests in three equal annual installments financial

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

Common Shares financial

"underlying_security_title: "Common Shares""

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

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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^*

Brown Deborah Margaret

(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 Deborah Brown report in this Form 4 filing?

Deborah Brown reported receiving a stock option grant for 30,000 common shares. The options are a compensation-related award, not an open-market share purchase or sale, and give her the right to buy shares at a fixed exercise price in the future.

How many ONCY shares are covered by Deborah Brown’s new stock option grant?

The grant covers options on 30,000 underlying common shares. This figure represents her entire option position reported in this filing, with the same 30,000 options shown as the total derivative securities beneficially owned following the transaction.

What is the exercise price of Deborah Brown’s ONCY stock options?

The exercise price is $1.06 per common share. Footnotes state this equals the closing price of ONCOLYTICS BIOTECH INC common stock on the Nasdaq Capital Market on the June 1, 2026 grant date, fixing her future purchase price at that level.

When do Deborah Brown’s ONCY stock options vest?

The options vest in three equal annual installments. The first tranche vests on June 1, 2027, with the remaining two tranches vesting on the following annual anniversaries, subject to her continued service or employment on each of those vesting dates.

When do Deborah Brown’s ONCY stock options expire?

The stock options expire on June 1, 2036. This expiration date provides a long-term window in which she may choose to exercise the options, subject to vesting and any other applicable company or regulatory conditions on exercise.

Is Deborah Brown’s ONCY Form 4 transaction a market buy or sell?

No, it is not a market buy or sell. The transaction is coded as an “A” for grant, award, or other acquisition of derivative securities, reflecting a stock option compensation grant rather than an open-market purchase or disposition of existing common shares.