Jill M. Quigley - Dec 8, 2021 Form 4 Insider Report for Passage BIO, Inc. (PASG)

Role
Chief Operating Officer
Signature
/s/ Edgar Cale, Attorney-in-Fact
Stock symbol
PASG
Transactions as of
Dec 8, 2021
Transactions value $
$16,554
Form type
4
Date filed
12/10/2021, 04:30 PM
Previous filing
Sep 30, 2021
Next filing
Jun 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PASG Common Stock Options Exercise $16.6K +72K +24.25% $0.23 369K Dec 8, 2021 Direct F1, F2
holding PASG Common Stock 3.61K Dec 8, 2021 By Spouse

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 PASG Employee Stock Option (right to buy) Options Exercise $0 -11.2K -75.01% $0.00 3.73K Dec 8, 2021 Common Stock 11.2K $0.23 Direct F3
transaction PASG Employee Stock Option (right to buy) Options Exercise $0 -60.8K -68.75% $0.00 27.6K Dec 8, 2021 Common Stock 60.8K $0.23 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 367,259 of common stock, of which 88,488 shares are unvested and subject to repurchase by the Issuer if the reporting person ceases to provide services to the Issuer prior to the vesting of the shares.
F2 Includes 1,495 shares acquired under the 2020 Employee Stock Purchase Plan on May 14, 2021.
F3 The option vested as to 25% of the total shares on November 12, 2019 and then 2.0833% of the total shares vest monthly thereafter, with 100% of the total shares vested on November 12, 2022, subject to the reporting person's provision of service to the issuer on each vesting date.
F4 The option vests as to 25% of the total shares on May 8, 2020 and then 2.0833% of the total shares vest monthly thereafter, with 100% of the total shares vested on May 8, 2023 subject to the reporting person's provision of service to the issuer on each vesting date.