Paula Ragan - 13 Feb 2024 Form 4 Insider Report for X4 Pharmaceuticals, Inc (XFOR)

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	XFOR	Stock Appreciation Right	Award	$0	+1.19M		$0.00	1.19M	13 Feb 2024	Common Stock	1.19M	$0.92	Direct	F1

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

Id	Content
F1	The Stock Appreciation Right will vest and become exercisable in equal annual installments (rounding down to the nearest whole share, except for the last installment) on the first, second, and third anniversaries of February 13, 2024, subject to the Reporting Person remaining an employee of the Issuer through and including each applicable vesting date.