Sarah Romano - Apr 1, 2024 Form 4 Insider Report for First Wave BioPharma, Inc. (FWBI)

Role: Chief Financial Officer
Signature: /s/ Sarah Romano
Stock symbol: FWBI
Transactions as of: Apr 1, 2024
Transactions value $: -$317
Form type: 4
Date filed: 4/3/2024, 05:13 PM
Previous filing: Mar 19, 2024
Next filing: Jul 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FWBI	Common Stock	Sale	-$317	-75	-0.39%	$4.23	19.1K	Apr 1, 2024	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units ("RSUs"). The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
F2	Includes unvested RSUs.

Content

The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units ("RSUs"). The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.

Includes unvested RSUs.