Form 4: Synlogic Director James P. Flynn Reports Stock Option Grant
SEC Form 4 Filing
Director James P. Flynn reports the acquisition of stock options in Synlogic, Inc.
Summary
- On March 19, 2024, James P. Flynn, a director of Synlogic, Inc. (SYBX), reported the acquisition of stock options.
- The stock option grants him the right to buy 4,000 shares of Synlogic's common stock at an exercise price of $1.78.
- The options vest in equal installments over three years from the transaction date, contingent upon Flynn's continued service to Synlogic.
- Following the transaction, Flynn directly owns 4,000 derivative securities.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine disclosure of stock option grants to a company director.
Industry Context
This is a standard SEC Form 4 filing, reflecting a change in beneficial ownership of securities by a company insider. It's common for directors and officers to receive stock options as part of their compensation.
Stakeholder Impact
- The grant of stock options to a director aligns their interests with those of the shareholders, incentivizing them to work towards increasing the company's value.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of the earliest transaction: stock option grant to James P. Flynn. |
| 03/19/2024 | Transaction Date: James P. Flynn acquired stock options. |
| 03/21/2024 | Date of signature for the Form 4 filing. |
| 03/19/2034 | Expiration date of the stock options. |
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