Nick Leschly - Aug 22, 2023 Form 4 Insider Report for 2seventy bio, Inc. (TSVT)

Signature
/s/ Teresa Jurgensen, Attorney-in-Fact
Stock symbol
TSVT
Transactions as of
Aug 22, 2023
Transactions value $
-$51,090
Form type
4
Date filed
8/24/2023, 05:04 PM
Previous filing
Aug 7, 2023
Next filing
Jan 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSVT Common Stock Sale -$51.1K -9.31K -0.8% $5.49 1.16M Aug 22, 2023 Direct F1, F2
holding TSVT Common Stock 15.2K Aug 22, 2023 Nick Leschly 2001 Trust
holding TSVT Common Stock 41K Aug 22, 2023 Nick Leschly Irrevocable GST Trust of 2019
* 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 $5.46 to $5.535, 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.