4//SEC Filing
Borthwick Kathleen 4
Accession 0001415889-25-003728
CIK 0001787297other
Filed
Feb 11, 7:00 PM ET
Accepted
Feb 12, 4:21 PM ET
Size
9.9 KB
Accession
0001415889-25-003728
Insider Transaction Report
Form 4
Transactions
- Exercise/Conversion
Common Stock
2025-02-10+8,000→ 44,466 total - Sale
Common Stock
2025-02-11$0.53/sh−3,183$1,686→ 41,283 total - Exercise/Conversion
Restricted Stock Unit
2025-02-10−8,000→ 0 total→ Common Stock (8,000 underlying)
Footnotes (5)
- [F1]Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
- [F2]Includes 4,000 shares acquired on May 16, 2024 and 4,000 shares acquired on November 16, 2024 under the 2020 Employee Stock Purchase Plan.
- [F3]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.
- [F4]The reported price in Column 4 is a weighted average price. These shares were sold as part of a block trade for multiple security holders of the Issuer in multiple transactions at prices ranging from $0.51 to $0.58 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 4 with regard to the block trade.
- [F5]1/3 of the RSUs vested on February 10, 2024 and 2/3 of the RSUs will vest on February 10, 2025, subject to the Reporting Person's continued service to the Issuer on each vesting date.
Documents
Issuer
Passage BIO, Inc.
CIK 0001787297
Entity typeother
Related Parties
1- filerCIK 0001987062
Filing Metadata
- Form type
- 4
- Filed
- Feb 11, 7:00 PM ET
- Accepted
- Feb 12, 4:21 PM ET
- Size
- 9.9 KB