Michael C. Quirk - Apr 1, 2025 Form 3 Insider Report for Sage Therapeutics, Inc. (SAGE)

Signature
Brandon Marsh, attorney in fact for Michael C. Quirk
Stock symbol
SAGE
Transactions as of
Apr 1, 2025
Transactions value $
$0
Form type
3
Date filed
4/2/2025, 04:06 PM
Next filing
Apr 11, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SAGE Common Stock 27.1K Apr 1, 2025 Direct F1

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
holding SAGE Stock Options (Right to buy) Apr 1, 2025 Common Stock 36K $6.97 Direct F2
holding SAGE Stock Options (Right to buy) Apr 1, 2025 Common Stock 13.1K $22.20 Direct F3
holding SAGE Stock Options (Right to buy) Apr 1, 2025 Common Stock 15K $23.02 Direct F4
holding SAGE Stock Options (Right to buy) Apr 1, 2025 Common Stock 3.8K $19.76 Direct F5
holding SAGE Stock Options (Right to buy) Apr 1, 2025 Common Stock 14.3K $45.28 Direct F6
holding SAGE Stock Options (Right to buy) Apr 1, 2025 Common Stock 7.25K $39.59 Direct F7
holding SAGE Stock Options (Right to buy) Apr 1, 2025 Common Stock 5.33K $43.04 Direct F8
holding SAGE Stock Options (Right to buy) Apr 1, 2025 Common Stock 4.95K $39.87 Direct F9
holding SAGE Stock Options (Right to buy) Apr 1, 2025 Common Stock 1K $28.63 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of (i) 20,808 shares of Common Stock and (ii) 6,300 shares of Common Stock issuable under restricted stock units ("RSUs") awarded to the Reporting Person pursuant to the Sage Therapeutics, Inc. 2014 Stock Option and Incentive Plan (the "2014 Plan") that vest periodically subject to the Reporting Person's continued service. Each RSU represents the right to receive one share of Common Stock upon vesting.
F10 This option was granted on February 8, 2016, pursuant to the 2014 Plan. The shares underlying the option have vested in full
F2 This option was granted on January 16, 2025, pursuant to the Sage Therapeutics Inc. 2024 Equity Incentive Plan. The shares underlying the option vest over four years, with 25% of the shares vesting on January 16, 2026, and the remaining shares vesting in equal monthly installments thereafter, subject to the Reporting Person's continued service.
F3 This option was granted on February 21, 2024, pursuant to the 2014 Plan. The shares underlying the option vest in equal monthly installments over 18 months, with the first installment vested on March 21, 2024, and the remaining shares vesting in equal monthly installments thereafter, subject to the Reporting Person's continued service.
F4 This option was granted on February 13, 2024, pursuant to the 2014 Plan. The shares underlying the option vest over four years, with 25% of the shares vested on February 13, 2025, and the remaining shares vesting in equal monthly installments thereafter, subject to the Reporting Person's continued service.
F5 This option was granted on October 2, 2023, pursuant to the 2014 Plan. The shares underlying the option vest over four years, with 25% of the shares vested on September 16, 2024, and the remaining shares vesting in equal monthly installments thereafter, subject to the Reporting Person's continued service.
F6 This option was granted on February 13, 2023, pursuant to the 2014 Plan. The shares underlying the option vest over four years, with 25% of the shares vested on February 13, 2024, and the remaining shares vesting in equal monthly installments thereafter, subject to the Reporting Person's continued service.
F7 This option was granted on October 3, 2022, pursuant to the 2014 Plan. The shares underlying the option vest over four years, with 25% of the shares vested on October 1, 2023, and the remaining shares vesting in equal monthly installments thereafter, subject to the Reporting Person's continued service.
F8 This option was granted on February 11, 2022, pursuant to the 2014 Plan. The shares underlying the option vest over four years, with 25% of the shares vested on February 11, 2023, and the remaining shares vesting in equal monthly installments thereafter, subject to the Reporting Person's continued service.
F9 This option was granted on April 28, 2020, pursuant to the 2014 Plan. The shares underlying the option have vested in full.

Remarks:

Chief Scientific Officer and Interim Head of R&D