Geoffrey Mackay - 28 Dec 2022 Form 4 Insider Report for AVROBIO, Inc. (TECX)

Role
President & CEO, Director
Signature
/s/ Steven Avruch, Attorney-in-Fact for Geoffrey MacKay
Issuer symbol
TECX
Transactions as of
28 Dec 2022
Net transactions value
+$41,859
Form type
4
Filing time
26 Jan 2023, 16:30:09 UTC
Previous filing
28 Dec 2022
Next filing
10 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVRO Common Stock Gift $0 -245,123 -63% $0.000000 142,013 28 Dec 2022 Direct F1
transaction AVRO Common Stock Gift $0 +245,123 +123% $0.000000 445,123 28 Dec 2022 By The Geoff R. MacKay Irrevocable Trust F1
transaction AVRO Common Stock Options Exercise $41,859 +45,999 +32% $0.9100 188,012 24 Jan 2023 Direct
holding AVRO Common Stock 72,604 28 Dec 2022 By daughter of reporting person
holding AVRO Common Stock 72,604 28 Dec 2022 By son of reporting person F2

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 AVRO Stock Option (Right to Buy) Options Exercise $0 -45,999 -100% $0.000000* 0 24 Jan 2023 Common Stock 45,999 $0.9100 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was a bona fide gift of common stock to The Geoff R. MacKay Irrevocable Trust. The reporting person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F2 The shares were previously held in a custodial account for the Reporting Person's son, established pursuant to the Uniform Transfers to Minors Act ("UTMA"), for which the Reporting Person served as custodian. The shares have since been distributed to the Reporting Person's son, as required by the terms of the account upon the son attaining the age of 21. 54,453 shares were subsequently transferred to the Mac C. MacKay Irrevocable Trust on December 30, 2022.
F3 25% of the shares vested on June 13, 2018, and the remaining 75% vested in equal monthly installments thereafter over a three-year period.