GEOFF MCDONOUGH - 15 Jan 2024 Form 4 Insider Report for Generation Bio Co. (GBIO)

Role
PRESIDENT AND CEO, Director
Signature
/s/ Benjamin Waters, Attorney-in-Fact
Issuer symbol
GBIO
Transactions as of
15 Jan 2024
Transactions value $
-$29,473
Form type
4
Filing time
17 Jan 2024, 17:00:29 UTC
Previous filing
03 Jan 2024
Next filing
28 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GBIO Common Stock Options Exercise +23,437 +1.8% 1,314,069 15 Jan 2024 Direct F1
transaction GBIO Common Stock Tax liability -$15,511 -8,121 -0.62% $1.91 1,305,948 15 Jan 2024 Direct
transaction GBIO Common Stock Options Exercise +21,094 +1.6% 1,327,042 15 Jan 2024 Direct F1
transaction GBIO Common Stock Tax liability -$13,962 -7,310 -0.55% $1.91 1,319,732 15 Jan 2024 Direct
holding GBIO Common Stock 226,462 15 Jan 2024 By 2018 Trust F2
holding GBIO Common Stock 275,000 15 Jan 2024 By 2020 Trust F3

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 GBIO Restricted Stock Units Options Exercise $0 -23,437 -100% $0* 0 15 Jan 2024 Common Stock 23,437 Direct F1, F4
transaction GBIO Restricted Stock Units Options Exercise $0 -21,094 -25% $0 63,281 15 Jan 2024 Common Stock 21,094 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive one share of the company's common stock.
F2 The securities are directly held by the McDonough Family 2018 Irrevocable Trust, or the 2018 Trust. The reporting person is the settlor of the 2018 Trust, Allison L. McDonough and David S. Grayzel are trustees for the 2018 Trust, and the 2018 Trust is for the benefit of Graeme and Owen McDonough. The reporting person may be deemed to beneficially own the shares of common stock owned by the 2018 Trust.
F3 The securities are directly held by the McDonough Family 2020 Irrevocable Trust, or the 2020 Trust. The reporting person is the settlor of the 2020 Trust, Allison L. McDonough and David S. Grayzel are trustees for the 2020 Trust, and the 2020 Trust is for the benefit of Allison, Graeme and Owen McDonough. The reporting person may be deemed to beneficially own the shares of common stock owned by the 2020 Trust.
F4 On January 21, 2022, the reporting person was granted 187,500 restricted stock units. The shares underlying the restricted stock units vest over two years, with 25% of the shares vested on July 15, 2022 and the remaining shares vesting in equal quarterly installments thereafter.
F5 On January 20, 2023, the reporting person was granted 84,375 restricted stock units. The shares underlying the restricted stock units vest over four years, with 25% of the shares vested on January 15, 2024 and the remaining shares vesting in equal quarterly installments thereafter.