Form 4: Synlogic Executive Sells Shares to Cover Tax Obligations

Mary Beth Dooley, Principal Executive Officer and Principal Financial Officer of Synlogic, Inc., sold 2,107 shares of common stock to cover tax liabilities related to a restricted stock award.

Summary

• On February 3, 2025, Mary Beth Dooley, Principal Executive Officer and Principal Financial Officer of Synlogic, Inc., sold 2,107 shares of common stock.
• The sale was executed at a price of $1.33 per share.
• The transaction was to cover the tax liability associated with the vesting of a restricted stock award.
• The restricted stock award vested on January 31, 2025, and was initially granted on January 2, 2024.
• Following the transaction, Dooley directly owns 13,045 shares of Synlogic, Inc.
• The transaction was reported on February 4, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an executive's stock sale to cover tax obligations. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This sale appears to be related to tax obligations, which is a common reason for such transactions.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholders, but is unlikely to be significant given the relatively small number of shares involved.

Key Dates

Keywords

Synlogic, SYBX, Mary Beth Dooley, Form 4, Stock Sale, Executive Compensation, Restricted Stock, Tax Liability, Beneficial Ownership