King Simona 4
4 · Passage BIO, Inc. · Filed Apr 20, 2023
Insider Transaction Report
Form 4
King Simona
Chief Financial Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2023-04-18−6,250→ 18,750 total→ Common Stock (6,250 underlying) - Exercise/Conversion
Common Stock
2023-04-18+6,250→ 6,250 total - Sale
Common Stock
2023-04-18$1.05/sh−2,053$2,156→ 2,053 total
Footnotes (4)
- [F1]Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
- [F2]The sale reported on this Form 4 represents an Issuer mandated sale by the Reporting Person to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs; it does not represent a discretionary trade by the Reporting Person. Pursuant to the Issuer's equity incentive plan, an award recipient's tax withholding obligations must be funded by a "sell to cover" transaction.
- [F3]1/4 of the RSUs vested on April 18, 2023, 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.
- [F4]These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.