James M. Mock - Nov 27, 2024 Form 4 Insider Report for Moderna, Inc. (MRNA)

Role
Chief Financial Officer
Signature
/s/ James Dillon, As Attorney-in-Fact
Stock symbol
MRNA
Transactions as of
Nov 27, 2024
Transactions value $
-$60,761
Form type
4
Date filed
12/2/2024, 04:26 PM
Previous filing
Oct 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRNA Common Stock Options Exercise +1.33K +13.95% 10.8K Nov 27, 2024 Direct F1
transaction MRNA Common Stock Options Exercise +329 +3.04% 11.2K Nov 27, 2024 Direct F2
transaction MRNA Common Stock Options Exercise +1.33K +11.88% 12.5K Nov 27, 2024 Direct F2
transaction MRNA Common Stock Sale -$60.8K -1.42K -11.37% $42.79 11.1K Nov 29, 2024 Direct F3

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 MRNA Performance Stock Units Options Exercise $0 -1.33K -50% $0.00 1.33K Nov 27, 2024 Common Stock 1.33K Direct F1, F4
transaction MRNA Restricted Stock Units Options Exercise $0 -329 -10.01% $0.00 2.96K Nov 27, 2024 Common Stock 329 Direct F2, F5
transaction MRNA Restricted Stock Units Options Exercise $0 -1.33K -50% $0.00 1.33K Nov 27, 2024 Common Stock 1.33K Direct F2, F6
* 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 Performance stock units convert into common stock on a one-for-one basis.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs and PSUs. These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of a tax withholding obligation to be funded by a "sell-to-cover" transaction and do not represent a discretionary trade by the Reporting Person.
F4 25% of the shares subject to this performance stock unit award vested on May 31, 2024 upon determination of achievement of the performance criteria, with the remainder vesting in three (3) equal installments on August 27, 2024, November 27, 2024 and February 27, 2025.
F5 25% of the shares subject to this restricted stock unit award vested on February 28, 2024 with the remainder vesting in twelve (12) equal quarterly installments thereafter.
F6 25% of the shares subject to this restricted stock unit award vested on May 27, 2024 with the remainder vesting in three (3) equal quarterly installments thereafter.