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

Rhea-AI Filing Summary

ONCOLYTICS BIOTECH INC director Patricia S. Andrews received a grant of stock options covering 30,000 common shares. The options have an exercise price of $1.06 per share, equal to the closing price on the Nasdaq Capital Market on June 1, 2026, and expire on June 1, 2036.

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

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Andrews Patricia S

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

Options granted: 30,000 options Exercise price: $1.06 per share Underlying shares: 30,000 common shares +3 more

6 metrics

Options granted 30,000 options Stock option grant to director on June 1, 2026

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

Underlying shares 30,000 common shares Each option exercisable into one common share

Expiration date June 1, 2036 Option term for this grant

Post-grant option holdings 30,000 options Total stock options held following the reported 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, Nasdaq Capital Market

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"

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.

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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^*

Andrews Patricia S

(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 Patricia Andrews report in this Form 4 filing?

Patricia Andrews reported receiving a grant of stock options for 30,000 common shares. These options are compensation-related, not an open-market stock purchase or sale, and give her the right to buy ONCOLYTICS BIOTECH INC shares at a fixed exercise price.

What is the exercise price of Patricia Andrews’ ONCY stock options?

The exercise price is $1.06 per share, equal to the closing price on June 1, 2026. This means she can later buy 30,000 ONCOLYTICS BIOTECH INC common shares at $1.06, regardless of the future market price.

How and when do Patricia Andrews’ ONCY stock options vest?

The 30,000 stock options vest in three equal annual installments. The first tranche vests on June 1, 2027, with the remaining tranches vesting on the following anniversaries, provided she remains in service or employment on each vesting date.

When do Patricia Andrews’ ONCY stock options expire?

The stock options expire on June 1, 2036, giving a ten-year term from the grant date. If unexercised by that date, the right to purchase the 30,000 ONCOLYTICS BIOTECH INC common shares at $1.06 per share will lapse.

How many ONCY stock options does Patricia Andrews hold after this grant?

Following this grant, Patricia Andrews holds 30,000 stock options directly. Each option is exercisable for one ONCOLYTICS BIOTECH INC common share, subject to the vesting schedule and the June 1, 2036 expiration date described in the Form 4.