Michael Derby - Aug 30, 2022 Form 4 Insider Report for PaxMedica, Inc. (PXMD)

Role
Executive Chairman, Director, 10%+ Owner
Signature
/s/ Michael Derby
Stock symbol
PXMD
Transactions as of
Aug 30, 2022
Transactions value $
$498,750
Form type
4
Date filed
9/1/2022, 04:06 PM
Previous filing
Oct 14, 2022
Next filing
Sep 30, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PXMD Common Stock Purchase $499K +95K +1.31% $5.25* 7.34M Aug 30, 2022 TardiMed Sciences, LLC F2, F3
holding PXMD Common Stock 361K Aug 30, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes restricted stock units that vest as described in the Company's Registration Statement on Form S-1 (File No. 333-239676).
F2 These shares were purchased from the underwriters by TardiMed Sciences, LLC ("TardiMed") in the issuer's initial public offering, which closed on August 30, 2022. See footnote 3 for the reporting person's relationship to TardiMed.
F3 The reporting person is the Managing Partner of TardiMed and has sole voting and dispositive control over the shares of Common Stock held by the entity. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.