Form 4: Synlogic Executive Sells Shares to Cover Tax Obligations

Mary Beth Dooley, Head of Finance at Synlogic, sold 188 shares of common stock on April 2, 2024, to cover tax liabilities related to vesting restricted stock awards.

Summary

• On April 4, 2024, Mary Beth Dooley, Head of Finance at Synlogic, filed a Form 4 with the SEC.
• The form reports a transaction that occurred on April 2, 2024, where Ms. Dooley sold 188 shares of Synlogic common stock at a price of $1.73 per share.
• This sale was to cover the tax liability associated with the vesting of four restricted stock awards on April 1, 2024, which were granted in 2020, 2021, 2022, and 2023.
• Following the transaction, Ms. Dooley directly owns 15,231 shares of Synlogic common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. An executive selling shares to cover taxes is a normal occurrence and doesn't necessarily reflect a positive or negative outlook on the company.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. This filing indicates that a Synlogic executive sold shares to cover tax obligations, which is a common practice.

Key Dates