Ian Michael Estepan - Mar 4, 2022 Form 4 Insider Report for Sarepta Therapeutics, Inc. (SRPT)

Role: Chief Financial Officer
Signature: /s/ Ryan Brown, as Attorney-in-Fact for Ian Estepan
Stock symbol: SRPT
Transactions as of: Mar 4, 2022
Transactions value $: -$135,179
Form type: 4
Date filed: 3/8/2022, 07:02 PM
Previous filing: Mar 1, 2022
Next filing: Mar 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SRPT	Common Stock	Tax liability	-$104K	-1.31K	-4.96%	$79.20	25.1K	Mar 4, 2022	Direct	F1
transaction	SRPT	Common Stock	Tax liability	-$31.6K	-398	-1.59%	$79.36	24.7K	Mar 7, 2022	Direct	F2
transaction	SRPT	Common Stock	Award	$0	+8K	+32.43%	$0.00	32.7K	Mar 7, 2022	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	SRPT	Stock Option (right to sell)	Award	$0	+48K		$0.00	48K	Mar 7, 2022	Common Stock	48K	$80.42	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares were withheld by the Company to satisfy tax withholding obligations related to vesting of restricted stock units granted on March 3, 2021.
F2	Shares were withheld by the Company to satisfy tax withholding obligations related to vesting of restricted stock units granted on March 5, 2018.
F3	The Reporting Person was granted restricted stock units ("RSUs"). Each RSU represents the right to receive one share of common stock. 25% of the shares of common stock underlying each RSU will vest on the first anniversary of the grant date, and additional 25% will vest on each anniversary of the Grant Date thereafter, such that the RSUs will be fully vested on the fourth anniversary of the grant date.
F4	Represents the date upon which the first 25% of the option granted vests. 1/48th of the total granted option vests and become exercisable on each monthly anniversary thereafter.