Sarah Boyce - Aug 24, 2022 Form 4 Insider Report for Avidity Biosciences, Inc. (RNA)

Role
President and CEO, Director
Signature
/s/ John W. Wallen III, Ph.D., J.D., Attorney-in-Fact
Stock symbol
RNA
Transactions as of
Aug 24, 2022
Transactions value $
-$1,079,738
Form type
4
Date filed
8/26/2022, 07:29 PM
Previous filing
Aug 17, 2022
Next filing
Nov 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RNA Common Stock Options Exercise $43.5K +35K $1.24* 35K Aug 24, 2022 Direct F1
transaction RNA Common Stock Sale -$799K -35K -100% $22.80 0 Aug 24, 2022 Direct F1, F2
transaction RNA Common Stock Options Exercise $18.4K +14.9K $1.24* 14.9K Aug 25, 2022 Direct F1
transaction RNA Common Stock Sale -$343K -14.9K -100% $23.07 0 Aug 25, 2022 Direct F1, 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 RNA Stock Option (Right to Buy) Options Exercise $0 -35K -2.93% $0.00 1.16M Aug 24, 2022 Common Stock 35K $1.24 Direct F1, F4
transaction RNA Stock Option (Right to Buy) Options Exercise $0 -14.9K -1.28% $0.00 1.15M Aug 25, 2022 Common Stock 14.9K $1.24 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option exercise and sale reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $22.45 to $23.05.The Reporting Person undertakes to provide the Registrant, any securityholder of the Registrant, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $22.84 to $23.42.The Reporting Person undertakes to provide the Registrant, any securityholder of the Registrant, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 25% of the shares subject to the option vested on October 7, 2020 and 1/48th of the shares subject to the option will vest monthly thereafter.