Linda M. Rubinstein - 03 Aug 2023 Form 4 Insider Report for Adverum Biotechnologies, Inc. (ADVM)

Signature
Linda Rubinstein, by /s/ Ron A. Metzger, Attorney-in-Fact
Issuer symbol
ADVM
Transactions as of
03 Aug 2023
Net transactions value
$0
Form type
4
Filing time
05 Sep 2023, 16:14:39 UTC
Previous filing
09 Jun 2023
Next filing
14 Feb 2024

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 ADVM Stock Option (Right to Buy) Award $0 +850,000 $0.000000 850,000 03 Aug 2023 Common Stock 850,000 $2.10 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Non-Statutory Stock Option to purchase 850,000 shares granted under the Issuer's 2014 Equity Incentive Plan (the "Plan"), 25% vesting 6 months from the Reporting Person's first day of employment with the Issuer, and 17,708.33 shares vesting monthly thereafter for the next 36 months, subject to the Reporting Person's continued service with the Issuer on each such vesting date.