Mark S. Forman - 16 Aug 2021 Form 4 Insider Report for Passage BIO, Inc. (PASG)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
13 Feb 2024, 19:34:59 UTC
Next SEC filing
08 Apr 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Edgar Cale, Attorney-in-Fact

Key filing fact

Mark S. Forman filed Form 4 for Passage BIO, Inc. (PASG) on 13 Feb 2024.

Key facts

  • This page summarizes Mark S. Forman's Form 4 filing for Passage BIO, Inc. (PASG).
  • 6 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 13 Feb 2024, 19:34.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: -$1,589.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PASG transaction

Common Stock

Options Exercise

Transaction value
Shares
+5,000
Change %
+11%
Price
Shares after
50,269
Date
10 Feb 2024
Ownership
Direct
Footnotes
F1
PASG transaction

Common Stock

Sale

Transaction value
$1,589
Shares
-1,638
Change %
-3.3%
Price
$0.9700
Shares after
48,631
Date
13 Feb 2024
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PASG transaction Derivative

Employee Stock Option (right to buy)

Award

Transaction value
$0
Shares
+130,000
Change %
Price
$0.000000
Shares after
130,000
Date
16 Aug 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
130,000
Exercise price
$10.84
Footnotes
F3
PASG transaction Derivative

Employee Stock Option (right to buy)

Award

Transaction value
$0
Shares
+25,000
Change %
Price
$0.000000
Shares after
25,000
Date
10 Feb 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
25,000
Exercise price
$4.52
Footnotes
F4
PASG transaction Derivative

Restricted Stock Unit

Award

Transaction value
$0
Shares
+15,000
Change %
Price
$0.000000
Shares after
15,000
Date
10 Feb 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
15,000
Exercise price
Footnotes
F1, F5
PASG transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value
$0
Shares
-5,000
Change %
-33%
Price
$0.000000
Shares after
10,000
Date
10 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
5,000
Exercise price
Footnotes
F1, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.

Footnote F2

The sale reported on this Form 4 represents an Issuer mandated sale by the Reporting Person to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs; it does not represent a discretionary trade by the Reporting Person. Pursuant to the Issuer's equity incentive plan, an award recipient's tax withholding obligations must be funded by a "sell to cover" transaction.

Footnote F3

The stock option vests as to 25% of the total shares on August 16, 2022, and thereafter vests as to 1/48 of the total shares monthly until fully vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date.

Footnote F4

The stock option vests as of 1/48 of the total shares monthly beginning on March 10, 2022 until fully vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date.

Footnote F5

1/3 of the RSUs will vest on February 10, 2024 and 2/3 of the RSUs will vest on February 10, 2025, subject to the Reporting Person's continued service to the Issuer on each vesting date.

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