Synlogic reprices employee stock options to $1.85/share on Nov 10, 2023

SYNLOGIC, INC.

Board approved one-time repricing on Nov 9, 2023; exercise price reduced to $1.85 (Nov 10 close).
Repricing covers all employee stock options (vested/unvested) under 2015 and 2017 equity plans; non-employee directors excluded.
CEO Aoife Brennan: 147,214 options repriced from weighted avg $51.78; CFO Michael Jensen: 35,330 from $19.78.
COO Antoine Awad: 52,693 options repriced from weighted avg $30.30.
Company expects no material impact on its statement of operations.

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