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

Role
President & CEO, Director
Signature
/s/ Steven Avruch, Attorney-in-Fact for Geoffrey MacKay
Stock symbol
AVRO
Transactions as of
Dec 28, 2022
Transactions value $
$41,859
Form type
4
Date filed
1/26/2023, 04:30 PM
Previous filing
Dec 28, 2022
Next filing
Feb 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVRO Common Stock Gift $0 -245K -63.32% $0.00 142K Dec 28, 2022 Direct F1
transaction AVRO Common Stock Gift $0 +245K +122.56% $0.00 445K Dec 28, 2022 By The Geoff R. MacKay Irrevocable Trust F1
transaction AVRO Common Stock Options Exercise $41.9K +46K +32.39% $0.91 188K Jan 24, 2023 Direct
holding AVRO Common Stock 72.6K Dec 28, 2022 By daughter of reporting person
holding AVRO Common Stock 72.6K Dec 28, 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 -46K -100% $0.00* 0 Jan 24, 2023 Common Stock 46K $0.91 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.