FORM 4
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 that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Zauderer Maurice
2. Issuer Name and Ticker or Trading Symbol

VACCINEX, INC. [ VCNX ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    __X__ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
President and CEO
(Last)          (First)          (Middle)

C/O VACCINEX, INC., 1895 MOUNT HOPE AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)

9/18/2024
(Street)

ROCHESTER, NY 14620
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ 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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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         1,580 D  
Common Stock         1,016 I By Jeremy C. Zauderer Trust (1)
Common Stock         1,011 I By Jordan M. Zauderer Trust (1)
Common Stock 9/18/2024  M  38,610 A$5.636 (3)176,748 I By Vaccinex (Rochester), L.L.C. (2)
Common Stock 9/18/2024  M  29,557 A$5.636 (4)206,305 I By Vaccinex (Rochester), L.L.C. (2)
Common Stock 9/18/2024  M  9,768 A$5.636 (5)216,073 I By Vaccinex (Rochester), L.L.C. (2)
Common Stock 9/18/2024  M  35,715 A$5.636 (4)251,788 I By Vaccinex (Rochester), L.L.C. (2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Warrant (Right to Buy) $5.636 (3)9/18/2024  M     38,610  3/28/2024 3/28/2029 Common Stock 38,610 $0 0 I By Vaccinex (Rochester), L.L.C. (2)
Warrant (Right to Buy) $5.636 (4)9/18/2024  M     29,557  2/8/2024 2/8/2029 Common Stock 29,557 $0 0 I By Vaccinex (Rochester), L.L.C. (2)
Warrant (Right to Buy) $5.636 (5)9/18/2024  M     9,768  11/2/2023 11/2/2028 Common Stock 9,768 $0 0 I By Vaccinex (Rochester), L.L.C. (2)
Warrant (Right to Buy) $5.636 (4)9/18/2024  M     35,715  10/3/2023 10/3/2028 Common Stock 35,715 $0 0 I By Vaccinex (Rochester), L.L.C. (2)
Warrant (Right to Buy) $5.636 9/18/2024  A   170,475    9/18/2024 9/18/2029 Common Stock 170,475 $0.125 170,475 I By Vaccinex (Rochester), L.L.C. (2)
Stock Option (Right to Buy) $3,129            (6)3/31/2024 Common Stock 12  12 D  
Stock Option (Right to Buy) $3,129            (6)6/30/2024 Common Stock 12  12 D  
Stock Option (Right to Buy) $1,491            (6)12/23/2025 Common Stock 15  15 D  
Stock Option (Right to Buy) $1,402.8            (6)2/24/2025 Common Stock 135  135 D  
Stock Option (Right to Buy) $615.3            (7)4/2/2031 Common Stock 66  66 D  
Stock Option (Right to Buy) $270.9            (8)4/1/2032 Common Stock 133  133 D  
Stock Option (Right to Buy) $92.26            (9)3/30/2028 Common Stock 266  266 D  
Stock Option (Right to Buy) $8.21            (10)3/21/2034 Common Stock 1,877  1,877 D  

Explanation of Responses:
(1) Dr. Zauderer exercises voting control over shares held by this trust and disclaims beneficial ownership over these shares except to the extent of his pecuniary interest therein.
(2) Dr. Zauderer is the president and a majority owner of Vaccinex (Rochester), L.L.C. and disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
(3) This warrant was originally reported on Form 4 with an exercise price of $7.64. Pursuant to a warrant inducement agreement by and between the issuer and Vaccinex (Rochester) L.L.C. dated September 17, 2024 (the "Warrant Inducement Agreement"), the exercise price of this warrant was adjusted to $5.636.
(4) This warrant was originally reported on Form 4 with an exercise price of $14.00. Pursuant to the Warrant Inducement Agreement, the exercise price of this warrant was adjusted to $5.636.
(5) This warrant was originally reported on Form 4 with an exercise price of $32.76. Pursuant to the Warrant Inducement Agreement, the exercise price of this warrant was adjusted to $5.636.
(6) Exercisable in full as of the date of this report.
(7) This option vests one-fourth on each of the first four anniversaries of the April 2, 2021 grant date, except as otherwise provided in the award notice.
(8) This option vests one-fourth on each of the first four anniversaries of the April 1, 2022 grant date, except as otherwise provided in the award notice.
(9) This option vests one-fourth on each of the first four anniversaries of the March 31, 2023 grant date, except as otherwise provided in the award notice.
(10) This option vests one-fourth on each of the first four anniversaries of the March 21, 2024 grant date, except as otherwise provided in the award notice.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Zauderer Maurice
C/O VACCINEX, INC.
1895 MOUNT HOPE AVENUE
ROCHESTER, NY 14620
XXPresident and CEO
Vaccinex (Rochester), L.L.C.
44 WOODLAND ROAD
PITTSFORD, NY 14534

X


Signatures
/s/ Maurice Zauderer9/20/2024
**Signature of Reporting PersonDate

Vaccinex (Rochester) L.L.C. By: /s/ Maurice Zauderer, President9/20/2024
**Signature of Reporting PersonDate


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).
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