Antoine Awad - 10 Nov 2023 Form 4 Insider Report for SYNLOGIC, INC. (SYBX)

Role
Chief Operating Officer
Signature
/s/ Antoine Awad
Issuer symbol
SYBX
Transactions as of
10 Nov 2023
Net transactions value
$0
Form type
4
Filing time
14 Nov 2023, 19:22:51 UTC
Previous filing
05 Apr 2023
Next filing
04 Apr 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SYBX Stock Option (right to buy) Disposed to Issuer -3,666 -100% 0 10 Nov 2023 Common Stock 3,666 $130.35 Direct F1, F2
transaction SYBX Stock Option (right to buy) Disposed to Issuer -666 -100% 0 10 Nov 2023 Common Stock 666 $128.85 Direct F1, F2
transaction SYBX Stock Option (right to buy) Disposed to Issuer -6,666 -100% 0 10 Nov 2023 Common Stock 6,666 $9.30 Direct F1, F3
transaction SYBX Stock Option (right to buy) Disposed to Issuer -4,666 -100% 0 10 Nov 2023 Common Stock 4,666 $25.50 Direct F1, F4
transaction SYBX Stock Option (right to buy) Disposed to Issuer -4,666 -100% 0 10 Nov 2023 Common Stock 4,666 $27.75 Direct F1, F5
transaction SYBX Stock Option (right to buy) Disposed to Issuer -4,666 -100% 0 10 Nov 2023 Common Stock 4,666 $52.50 Direct F1, F6
transaction SYBX Stock Option (right to buy) Disposed to Issuer -11,031 -100% 0 10 Nov 2023 Common Stock 11,031 $29.25 Direct F1, F7
transaction SYBX Stock Option (right to buy) Disposed to Issuer -16,666 -100% 0 10 Nov 2023 Common Stock 16,666 $9.30 Direct F1, F8
transaction SYBX Stock Option (right to buy) Award +3,666 3,666 10 Nov 2023 Common Stock 3,666 $1.85 Direct F1, F2
transaction SYBX Stock Option (right to buy) Award +666 666 10 Nov 2023 Common Stock 666 $1.85 Direct F1, F2
transaction SYBX Stock Option (right to buy) Award +6,666 6,666 10 Nov 2023 Common Stock 6,666 $1.85 Direct F1, F3
transaction SYBX Stock Option (right to buy) Award +4,666 4,666 10 Nov 2023 Common Stock 4,666 $1.85 Direct F1, F4
transaction SYBX Stock Option (right to buy) Award +4,666 4,666 10 Nov 2023 Common Stock 4,666 $1.85 Direct F1, F5
transaction SYBX Stock Option (right to buy) Award +4,666 4,666 10 Nov 2023 Common Stock 4,666 $1.85 Direct F1, F6
transaction SYBX Stock Option (right to buy) Award +11,031 11,031 10 Nov 2023 Common Stock 11,031 $1.85 Direct F1, F7
transaction SYBX Stock Option (right to buy) Award +16,666 16,666 10 Nov 2023 Common Stock 16,666 $1.85 Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In accordance with the terms of the Synlogic, Inc. 2015 Equity Incentive Award Plan and the Company's 2017 Stock Incentive Plan (together the "Plans"), the Board of Directors of Synlogic, Inc. approved a stock option repricing pursuant to which option awards granted under the Plans were amended to reduce the exercise price to $1.85 per share, the closing stock price of the Company's Common Stock on November 10, 2023. Except for the modified exercise price, all other terms and conditions of each of the option awards will continue as set forth in the Plan and the applicable award agreements.
F2 The shares subject to this option are fully vested as of the date hereof.
F3 These performance-based stock options, granted on March 16, 2023, vest when the achievement of certain clinical and regulatory development milestones are met.
F4 The shares subject to this option vest in approximately equal monthly installments beginning on April 1, 2020 through April 1, 2024.
F5 The shares subject to this option vest in approximately equal monthly installments beginning on July 1, 2020 through July 1, 2024.
F6 The shares subject to this option vest in approximately equal monthly installments beginning on April 1, 2021 through April 1, 2025.
F7 The shares subject to this option vest in approximately equal monthly installments beginning on February 4, 2022 through February 4, 2026.
F8 The shares subject to this option vest in approximately equal monthly installments beginning on April 1, 2023 through April 1, 2027.