Randy Joe Maddux - Dec 7, 2021 Form 4 Insider Report for iBio, Inc. (IBIO)

Role: Chief Operating Officer
Signature: /s/ Randy Joe Maddux
Stock symbol: IBIO
Transactions as of: Dec 7, 2021
Transactions value $: -$25,444
Form type: 4
Date filed: 3/14/2022, 04:11 PM
Previous filing: Aug 25, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IBIO	Common Stock	Sale	-$25.4K	-37.2K	-12.05%	$0.68	272K	Dec 7, 2021	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The sales reported on this Form 4 represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units ("RSUs"). The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person. The RSUs represent a contingent right to receive one share of common stock of iBio, Inc.
F2	These shares were sold in a single transaction at a price of $0.6832 per share.

Content

The sales reported on this Form 4 represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units ("RSUs"). The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person. The RSUs represent a contingent right to receive one share of common stock of iBio, Inc.

These shares were sold in a single transaction at a price of $0.6832 per share.