Iguchi Kimi - Jun 15, 2021 Form 4 Insider Report for Sage Therapeutics, Inc. (SAGE)

Role: CFO & Treasurer
Signature: /s/ Jennifer Fitzpatrick, as Attorney-in-Fact for Kimi Iguchi
Stock symbol: SAGE
Transactions as of: Jun 15, 2021
Transactions value $: -$41,534
Form type: 4
Date filed: 6/17/2021, 09:12 AM
Next filing: Oct 21, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SAGE	Common Stock	Options Exercise	$4.08K	+3K	+8.14%	$1.36	39.9K	Jun 15, 2021	Direct
transaction	SAGE	Common Stock	Award	$0	+3.5K	+8.78%	$0.00	43.4K	Jun 15, 2021	Direct	F1
transaction	SAGE	Common Stock	Tax liability	-$48.3K	-822	-1.9%	$58.80	42.5K	Jun 15, 2021	Direct
transaction	SAGE	Common Stock	Options Exercise	$2.72K	+2K	+4.7%	$1.36	44.5K	Jun 16, 2021	Direct

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	SAGE	Stock Option (Right to Buy)	Options Exercise	$0	-3K	-15.75%	$0.00	16K	Jun 15, 2021	Common Stock	3K	$1.36	Direct	F2
transaction	SAGE	Stock Option (Right to Buy)	Options Exercise	$0	-2K	-12.46%	$0.00	14K	Jun 16, 2021	Common Stock	2K	$1.36	Direct	F2

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

Explanation of Responses:

Id	Content
F1	On March 25, 2020, the reporting person was granted Performance Stock Units (PSU) to acquire a total of 8,750 shares of common stock. The PSU vests upon the achievement of certain milestones, one of which was met on June 15, 2021, resulting in the vesting of the PSU as to 3,500 shares.
F2	The stock option award was issued pursuant to the Sage Therapeutics, Inc. 2011 Stock Option and Incentive Plan. The option vested in full on July 23, 2016.