Regulation FD Disclosure Form 8 K

Item 7.01 Regulation FD Disclosure.

As previously disclosed, on October 10, 2024, Gritstone bio, Inc. (the "Company") filed a voluntary petition for relief (the "Chapter 11 Case") under chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (the "Bankruptcy Court").

In connection with the Chapter 11 Case, from December 9, 2024, through December 12, 2024, the Company held an auction for the Company's assets. At the conclusion of the auction, the Debtors declared Hercules Capital, Inc., as agent, as the successful credit bidder for the Company's machinery and equipment assets, Future Solutions Investments LLC as the successful credit bidder for certain of the Company's "binder" intellectual property assets, and Seattle Project Corp. as the successful bidder for all of the Company's other assets (except for specifically identified excluded assets). The aggregate cash proceeds from these sales is expected to be approximately $21.25 million (exclusive of credit bids by Hercules Capital Inc., as agent, in the amount of $3 million, and Future Solutions Investments LLC in the amount of $1.5 million, the Company's respective prepetition and post-petition secured lenders).

The foregoing sales are subject to Bankruptcy Court approval. The Bankruptcy Court will consider the approval of the sales on December 20, 2024.

Cautionary Statements Regarding Trading in the Company's Securities

The Company's securityholders are cautioned that trading in the Company's Common Stock during the pendency of the Chapter 11 Case is highly speculative and poses substantial risks. Trading prices for the Company's Common Stock may bear little or no relationship to the actual recovery, if any, by holders thereof in the Company's Chapter 11 Case. Accordingly, the Company urges extreme caution with respect to existing and future investments in its Common Stock.

Cautionary Statements Regarding Forward-Looking Statements

This Current Report on Form 8-K includesforward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The words "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements contained in this Current Report on Form 8-K include,but are not limited to, statements regarding the process and potential outcomes of the Company's Chapter 11 Case. These statements are based on management's current expectations, and actual results and future events may differ materially due to risks and uncertainties, including, without limitation, risks inherent in the bankruptcy process, including the outcome of the Chapter 11 Case; the Company's financial projections and cost estimates; the Company's ability to raise additional funds during the Chapter 11 Case; the Company's ability to sell any of its assets; the impact of the Chapter 11 Case on the listing of the Common Stock on the Nasdaq; and the effect of the Chapter 11 Case on the Company's business prospects, financial results and business operations. These and other factors that may affect the Company's future business prospects, results and operations are identified and described in more detail in the Company's filings with the SEC, including the Company's most recent Annual Report filed on Form 10-K andits subsequently filed Quarterly Reports on Form 10-Q. TheCompany may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this Form 8-K. Exceptas required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results, later events or circumstances or to reflect the occurrence of unanticipated events.