Sarah Condella - 23 Feb 2022 Form 4 Insider Report for EXACT SCIENCES CORP (EXAS)

Signature
/s/ Sarah Condella by Mark R. Busch, attorney-in-fact
Issuer symbol
EXAS
Transactions as of
23 Feb 2022
Net transactions value
-$330,662
Form type
4
Filing time
25 Feb 2022, 17:43:02 UTC
Previous filing
24 Feb 2022
Next filing
01 Mar 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXAS Common Stock Options Exercise $0 +10,197 +12% $0.000000 92,894 23 Feb 2022 Direct F1
transaction EXAS Common Stock Sale $330,662 -4,717 -5.1% $70.10 88,177 24 Feb 2022 Direct F2, F3
holding EXAS Common Stock 4,922 23 Feb 2022 Held in 401(k) Plan

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 EXAS Performance Stock Units Options Exercise $0 -10,197 -100% $0.000000* 0 23 Feb 2022 Common Stock 10,197 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock received upon settlement of a performance share unit award (the "PSU Award") on February 23, 2022, which is described further in Footnote 5 to this Form 4.
F2 Represents shares sold pursuant to a Sell-to-Cover Rule 10b5-1 Plan to pay withholding taxes due in connection with the vesting of certain performance stock units on February 23, 2022.
F3 In addition to the shares of Common Stock reported on this Form 4, which total 93,099 shares, Ms. Condella also holds, in the aggregate, an additional 70,961 vested and unvested options to purchase shares of Common Stock and restricted stock units, with each restricted stock unit representing a contingent right to receive one share of Common Stock.
F4 Each Performance Share Unit represents a right to receive one share of common stock.
F5 The PSU Award was subject to certain performance-based vesting requirements for the three-year period ending December 31, 2021.