Synlogic, Inc. announced the appointment of Michael Jensen, Chief Financial Officer of Synlogic, Inc. (the ?Company?) resigned from his role as Chief Financial Officer of the Company, effective December 1, 2023 (the ?Departure Date?). Mr. Jensen?s departure is not the result of any disagreement with the Company on any matter related to the Company's operations, policies or procedures. In connection with Mr. Jensen?s resignation, on November 13, 2023, Mr. Jensen and the Company entered into a voluntary separation agreement and release of claims (the ?Separation Agreement?).

Pursuant to the terms of the Separation Agreement, Mr. Jensen will resign as an officer and employee of the Company effective at the close of business on December 1, 2023. Mr. Jensen will assist the Company through the Departure Date in the transition of work in connection with his duties as Chief Financial Officer of the Company. In consideration for, among other things, his compliance with certain restrictive covenants, including customary non-compete and non-solicitation covenants, and a typical release of claims, Mr. Jensen shall receive a lump-sum payment equal to $149,178 in lieu of any other bonus that Mr. Jensen would be eligible for the fiscal year ending December 31, 2023.

Mr. Jensen is also entitled to continued health insurance coverage for up to six months following the Departure Date. The foregoing description of the material terms of the Separation Agreement is qualified in its entirety by the full text of the Separation Agreement, a copy of which will be filed as an exhibit to the Company?s annual report on Form 10-K for the year ending December 31, 2023.