Toernsen Monika Maria 4
4 · Passage BIO, Inc. · Filed Jul 21, 2021
Insider Transaction Report
Form 4
Toernsen Monika Maria
Chief Commercial Officer
Transactions
- Award
Restricted Stock Units
2021-07-19+20,000→ 20,000 total→ Common Stock (20,000 underlying) - Award
Employee Stock Option (Right to Buy)
2021-07-19+200,000→ 200,000 totalExercise: $13.04Exp: 2031-07-18→ Common Stock (200,000 underlying)
Footnotes (3)
- [F1]The option vests as to 25% of the total shares on July 19, 2022, and then 2.0833% of the total shares vest monthly thereafter, with 100% of the total shares vested on July 19, 2024, subject to the Reporting Person's provision of service to the issuer on each vesting date.
- [F2]Each restricted stock award ("RSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
- [F3]1/4 of the RSUs will vest annually on September 15, 2022, and the remainder will vest as to 1/4 of the total award in annual installments thereafter, subject to the Reporting Person's continued service to the Issuer on each vesting date.