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Passage BIO, Inc. — Director's Dealing 2023
Apr 20, 2023
34849_dirs_2023-04-20_72547c0c-5779-463a-a1af-e7976ea94666.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Passage BIO, Inc. (PASG)
CIK: 0001787297
Period of Report: 2023-04-18
Reporting Person: King Simona (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-04-18 | Common Stock | M | 6250 | $0.00 | Acquired | 6250 | Direct |
| 2023-04-18 | Common Stock | S | 2053 | $1.05 | Disposed | 2053 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-04-18 | Restricted Stock Units | $ | M | 6250 | Disposed | Common Stock (6250) | Direct |
Footnotes
F1: Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
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.
F3: 1/4 of the RSUs vested on April 18, 2023, and the remainder will vest as to 1/4 of the total award in annual installments thereafter, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F4: These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.