Philip D. Gregory - 03 Aug 2023 Form 4 Insider Report for 2seventy bio, Inc. (TSVT)

Signature
/s/ Teresa Jurgensen, Attorney-in-Fact
Issuer symbol
TSVT
Transactions as of
03 Aug 2023
Net transactions value
-$24,295
Form type
4
Filing time
07 Aug 2023, 16:06:44 UTC
Previous filing
03 Feb 2023
Next filing
24 Aug 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSVT Common Stock Sale $24,295 -3,966 -1.5% $6.13 263,409 03 Aug 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares were sold to cover tax withholding obligations incurred in connection with the vesting of restricted stock units.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.06 to $6.23, inclusive. The Reporting Person will provide, upon request by the SEC, the issuer or security holder of the issuer, full information regarding the number of shares sold at each separate price.