secwatch.observer — SEC 8-K summary
======================================

Issuer:     SYNLOGIC, INC. (SYBX)
CIK:        0001527599
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0000950170-23-063906
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527599/000095017023063906/0000950170-23-063906-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527599/000095017023063906/sybx-20231110.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-063906

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer