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

Role: Chief Financial Officer
Signature: /s/ Stephen D. Sheldon
Issuer symbol: N/A
Transactions as of: 19 Nov 2022
Net transactions value: $0
Form type: 4
Filing time: 22 Nov 2022, 15:10:43 UTC
Previous filing: 14 Oct 2022
Next filing: 14 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PXMD	Common Stock	Award	$0	+135,000	+900%	$0.000000	150,000	19 Nov 2022	Direct	F1
holding	PXMD	Common Stock						18,799	19 Nov 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.