4//SEC Filing
Rubinstein Linda M 4
Accession 0001415889-25-017865
CIK 0001501756other
Filed
Jun 19, 8:00 PM ET
Accepted
Jun 20, 4:28 PM ET
Size
14.6 KB
Accession
0001415889-25-017865
Insider Transaction Report
Form 4
Rubinstein Linda M
CHIEF FINANCIAL OFFICER
Transactions
- Award
Stock Option (Right to Buy)
2025-06-17+85,000→ 85,000 totalExercise: $10.14Exp: 2033-08-02→ Common Stock (85,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2025-06-17−35,000→ 0 totalExercise: $19.90Exp: 2034-02-11→ Common Stock (35,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2025-06-17−85,000→ 0 totalExercise: $21.00Exp: 2033-08-02→ Common Stock (85,000 underlying) - Award
Stock Option (Right to Buy)
2025-06-17+35,000→ 35,000 totalExercise: $10.14Exp: 2034-02-11→ Common Stock (35,000 underlying)
Footnotes (5)
- [F1]Effective March 21, 2024, the Issuer effected a reverse stock split (the "Reverse Split") whereby every ten shares of its issued and outstanding Common Stock were automatically combined into one share of Common Stock. In connection with the Reverse Split, each stock option to purchase ten shares of Common Stock was automatically combined into a stock option to purchase one share of Common Stock and the exercise prices of such options were multiplied by ten.
- [F2]The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on August 3, 2023.
- [F3]Twenty-five percent (25%) of the total number of shares subject to the option vested and became exercisable on the six month anniversary of August 3, 2023, and 1/36 of the total number of shares subject to the option vest and become exercisable each month thereafter, such that all of the shares subject to the option shall become vested and exercisable as of August 3, 2026, provided the Reporting Person continues to provide Continuous Service (as defined in the Issuer's 2014 Equity Incentive Plan) on each such vesting date.
- [F4]The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on February 12, 2024.
- [F5]Twenty-five percent (25%) of the total number of shares subject to the option vested and became exercisable on the first anniversary of February 12, 2024, and 1/48 of the total number of shares subject to the option vest and become exercisable each month thereafter, such that all of the shares subject to the option shall become vested and exercisable as of February 12, 2028, provided the Reporting Person continues to provide Continuous Service (as defined in the Issuer's 2014 Equity Incentive Plan) on each such vesting date.
Documents
Issuer
Adverum Biotechnologies, Inc.
CIK 0001501756
Entity typeother
Related Parties
1- filerCIK 0001321937
Filing Metadata
- Form type
- 4
- Filed
- Jun 19, 8:00 PM ET
- Accepted
- Jun 20, 4:28 PM ET
- Size
- 14.6 KB