Richard Mitrano - Jul 27, 2023 Form 4 Insider Report for Frequency Therapeutics, Inc. (FREQ)

Role
VP Finance & Operations
Signature
/s/ James Abely, Attorney-in-Fact for Richard Mitrano
Stock symbol
FREQ
Transactions as of
Jul 27, 2023
Transactions value $
-$225
Form type
4
Date filed
7/31/2023, 04:09 PM
Previous filing
Jul 27, 2023
Next filing
Aug 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FREQ Common Stock Sale -$120 -227 -0.43% $0.53 52.4K Jul 27, 2023 Direct F1, F2
transaction FREQ Common Stock Sale -$105 -223 -0.43% $0.47 52.2K Jul 28, 2023 Direct F1, F3
holding FREQ Common Stock 4.03K Jul 27, 2023 The Carey/Mitrano Family Trust
* 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 Represents a portion of the shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of the restricted stock units pursuant to a Rule 10b5-1 trading plan entered into on March 22, 2022 and does not represent discretionary trades by the Reporting Person.
F2 This transaction was executed in multiple trades through a broker-dealer at prices ranging from $0.532 to $0.541. The price reported in this column reflects the weighted average sales price. Upon request, the reporting person will provide to the SEC staff full information regarding the number of Shares sold at each price.
F3 This transaction was executed in multiple trades through a broker-dealer at prices ranging from $0.467 to $0.471. The price reported in this column reflects the weighted average sales price. Upon request, the reporting person will provide to the SEC staff full information regarding the number of Shares sold at each price.