X0306 4 2016-12-30 0 0001476963 HEAT BIOLOGICS, INC. HTBX 0001381450 Wolf Jeffrey Alan C/O 801 CAPITOLA DRIVE DURHAM NC 27713 1 1 0 0 Chief Executive Officer Common Stock 2016-12-30 4 A 0 75000 0 A 79881 D Common Stock 2017-01-02 4 A 0 125000 0 A 204881 D Common Stock 695653 I See Footnotes Common Stock 536862 I See Footnotes Stock Options 0.86 2016-12-30 4 A 0 75000 0 A 2016-12-30 2025-12-29 Common Stock 75000 75000 D Stock Options 0.88 2017-01-02 4 A 0 125000 0 A 2017-02-01 2027-01-01 Common Stock 125000 125000 D The 75,000 shares of Heat Biologics, Inc. (the "Company") common stock, $0.0002 par value per share (the "Common Stock"), are represented by 75,000 restricted stock units ("RSUs") granted under the Company's Amended and Restated 2014 Stock Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive one share of Common Stock. The 75,000 RSUs will vest as follows: (i) 18,750 will vest on December 30, 2016; (ii) 18,750 will vest on December 30, 2017; (iii) 18,750 will vest on December 30, 2018; and (iv) 18,750 will vest on December 30, 2019, provided that the reporting person continues to serve as a member of the Board of Directors or otherwise is not terminated for cause prior to such dates. The 125,000 shares of Common Stock are represented by 125,000 RSUs granted under the Plan. Each RSU represents a contingent right to receive one share of Common Stock. The 125,000 RSUs will vest as follows: (i) 31,250 will vest on January 2, 2017; (ii) 31,250 will vest on January 2, 2018; (iii) 31,250 will vest on January 2, 2019; and (iv) 31,250 will vest on January 2, 2020, provided that the reporting person continues to serve as a member of the Board of Directors or otherwise is not terminated for cause prior to such dates. Held by Orion Holdings V, LLC ("Orion"). Mr. Wolf is managing member of Orion. Held by Seed-One Holdings VI, LLC ("Seed-One"). Mr. Wolf is managing member of Seed-One. Does not include 89,957 shares held by Mr. Wolf's children's trust (the "Trust"). Mr. Wolf is not the trustee, nor does he claim beneficial ownership of the Trust. Mr. Wolf disclaims beneficial ownership of the shares of Common Stock held by Orion, Seed-One and the Trust except to the extent of any pecuniary interest (as defined in Rule 16a-1(a)(2) promulgated under the Securities Exchange Act of 1934, as amended) that he may have in such entities. These stock options vest monthly on a pro rata basis over a four year period commencing February 1, 2017. /s/ Jeffrey Alan Wolf 2017-01-04