Stephen Sheldon - Nov 19, 2022 Form 4 Insider Report for PaxMedica, Inc. (PXMD)

Role: Chief Financial Officer
Signature: /s/ Stephen D. Sheldon
Stock symbol: PXMD
Transactions as of: Nov 19, 2022
Transactions value $: $0
Form type: 4
Date filed: 11/22/2022, 03:10 PM
Previous filing: Oct 14, 2022
Next filing: Apr 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PXMD	Common Stock	Award	$0	+135K	+900%	$0.00	150K	Nov 19, 2022	Direct	F1
holding	PXMD	Common Stock						18.8K	Nov 19, 2022	The Sheldon Family Trust	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of 135,000 restricted stock units ("RSUs"). The RSUs are subject to time-based vesting with one-third of the RSUs vesting on the one-year anniversary of the reporting person's employment with PaxMedica, Inc. (the "Company"), followed by 8.3325% of the remaining RSUs vesting on a quarterly basis thereafter, subject to the reporting person's continuous employment with the Company as of such vesting dates.
F2	Mr. Sheldon is the Trustee of The Sheldon Family Trust.

Content

Consists of 135,000 restricted stock units ("RSUs"). The RSUs are subject to time-based vesting with one-third of the RSUs vesting on the one-year anniversary of the reporting person's employment with PaxMedica, Inc. (the "Company"), followed by 8.3325% of the remaining RSUs vesting on a quarterly basis thereafter, subject to the reporting person's continuous employment with the Company as of such vesting dates.

Mr. Sheldon is the Trustee of The Sheldon Family Trust.