Chris Francis - 08 Nov 2024 Form 4 Insider Report for Wave Life Sciences Ltd. (WVE)

Signature
/s/ Chris Francis
Issuer symbol
WVE
Transactions as of
08 Nov 2024
Net transactions value
-$281,880
Form type
4
Filing time
13 Nov 2024, 20:00:04 UTC
Previous filing
18 Oct 2024
Next filing
06 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WVE Ordinary Shares Options Exercise $294,120 +36,000 $8.17 36,000 08 Nov 2024 Direct F1
transaction WVE Ordinary Shares Sale $576,000 -36,000 -100% $16.00 0 08 Nov 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WVE Share Option (right to buy) Options Exercise $0 -36,000 -100% $0.000000 0 08 Nov 2024 Ordinary Shares 36,000 $8.17 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The option exercise and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 21, 2023.
F2 The share options that were exercised in this reportable transaction were fully vested.

Remarks:

SVP, Corporate Development, Head of Emerging Areas