Sec Form 4 Filing - Kenny Pauline @ KINETA, INC./DE - 2022-12-16

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

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Kenny Pauline 2. Issuer Name and Ticker or Trading Symbol KINETA, INC./DE [ KA] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) General Counsel (Last) (First) (Middle) C/O KINETA, INC., 219 TERRY AVE. N., SUITE 300 3. Date of Earliest Transaction (MM/DD/YY) 12/16/2022 (Street) SEATTLE, WA98109 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 Common Stock 12/16/2022 A 10,635 A 10,635 D Common Stock 12/16/2022 A 5,042( 2 ) A 15,677 D Common Stock 12/16/2022 A 3,440( 4 ) A 19,117 D

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 (Right to Buy) $ 12.11 12/16/2022 A 619 ( 6 ) 12/31/2023 Common Stock 619 ( 7 ) 619 D Stock Option (Right to Buy) $ 23.11 12/16/2022 A 5,159 ( 6 ) 06/29/2027 Common Stock 5,159 ( 8 ) 5,159 D Stock Option (Right to Buy) $ 27.03 12/16/2022 A 11,007 ( 9 ) 05/30/2032 Common Stock 11,007 ( 10 ) 11,007 D Stock Option (Right to Buy) $ 23.25 12/16/2022 A 5,228 ( 6 ) 11/09/2028 Common Stock 5,228 ( 11 ) 5,228 D Stock Option (Right to Buy) $ 26.16 12/16/2022 A 3,440 ( 12 ) 05/26/2031 Common Stock 3,440 ( 13 ) 3,440 D Stock Option (Right to Buy) $ 23.25 12/16/2022 A 19,952 ( 6 ) 03/19/2028 Common Stock 19,952 ( 14 ) 19,952 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Kenny Pauline C/O KINETA, INC. 219 TERRY AVE. N., SUITE 300 SEATTLE, WA98109 General Counsel Signatures /s/ Pauline Kenny, as Attorney-in-Fact 12/20/2022 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Received in connection with the Issuer's merger (the "Merger") with Kineta, Inc. ("Legacy Kineta") in accordance with the terms of the Agreement and Plan of Merger dated as of June 5, 2022, as amended on December 5, 2022 (the "Merger Agreement"), by and among the Issuer (f/k/a Yumanity Therapeutics, Inc.), Yacht Merger Sub, Inc. and Legacy Kineta. Pursuant to the terms of the Merger Agreement, each outstanding share of Legacy Kineta common stock was entitled to receive 0.0688 shares of Common Stock. The Merger closed on December 16, 2022. ( 2 )Represents shares of Common Stock underlying time-based restricted stock unit awards ("RSUs"). The RSUs will vest in full on June 14, 2023, subject to the continuing employment of the Reporting Person on such vesting date. ( 3 )Received in connection with the Merger in exchange for 73,291 shares of common stock underlying Legacy Kineta RSUs. ( 4 )Represents shares of Common Stock underlying a time-based RSU. The RSU will vest in full on March 16, 2023, subject to the continuing employment of the Reporting Person on such vesting date. ( 5 )Received in connection with the Merger in exchange for 50,000 shares of common stock underlying a Legacy Kineta RSU. ( 6 )The stock option is fully vested and exercisable. ( 7 )Received in connection with the Merger in exchange for options to acquire 9,000 shares of Legacy Kineta common stock for $0.8333 per share. ( 8 )Received in connection with the Merger in exchange for options to acquire 75,000 shares of Legacy Kineta common stock for $1.59 per share. ( 9 )The stock option vested as to 1/3 of the total number of shares on May 31, 2022, and an additional 1/3 of the total number of shares will vest on each yearly anniversary thereafter, until such time as the stock option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. ( 10 )Received in connection with the Merger in exchange for options to acquire 160,000 shares of Legacy Kineta common stock for $1.86 per share. ( 11 )Received in connection with the Merger in exchange for options to acquire 76,000 shares of Legacy Kineta common stock for $1.60 per share. ( 12 )The stock option vested as to 1/3 of the total number of shares on May 27, 2021, an additional 1/3 of the total number of shares vested on May 27, 2022, and the remaining 1/3 of the total number of shares will vest on May 27, 2023, subject to the continuing employment of the Reporting Person on each vesting date. ( 13 )Received in connection with the Merger in exchange for options to acquire 50,000 shares of Legacy Kineta common stock for $1.80 per share. ( 14 )Received in connection with the Merger in exchange for options to acquire 290,000 shares of Legacy Kineta common stock for $1.60 per share.

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).

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