Everett Cunningham - 11 Oct 2022 Form 4 Insider Report for EXACT SCIENCES CORP (EXAS)

Signature
/s/ Everett Cunningham by Mark R. Busch, attorney-in-fact
Issuer symbol
EXAS
Transactions as of
11 Oct 2022
Net transactions value
-$504,621
Form type
4
Filing time
13 Oct 2022, 20:57:44 UTC
Previous filing
01 Mar 2022
Next filing
19 Dec 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXAS Common Stock Award $24,653 +520 $47.41 520 02 May 2022 Direct F1
transaction EXAS Common Stock Options Exercise $0 +20,003 +3847% $0.000000 20,523 11 Oct 2022 Direct F2
transaction EXAS Common Stock Options Exercise $0 +15,003 +73% $0.000000 35,526 11 Oct 2022 Direct F2
transaction EXAS Common Stock Sale $529,275 -16,872 -47% $31.37 18,654 12 Oct 2022 Direct F3, F4

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 Restricted Stock Unit Options Exercise $0 -20,003 -33% $0.000000 40,007 11 Oct 2022 Common Stock 20,003 Direct F5, F6
transaction EXAS Restricted Stock Unit Options Exercise $0 -15,003 -50% $0.000000 15,002 11 Oct 2022 Common Stock 15,003 Direct F5, F7
* 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 purchased through Employee Stock Purchase Plan.
F2 Represents shares of common stock received upon vesting of a restricted stock unit award.
F3 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 restricted stock units on October 11, 2022.
F4 In addition to the shares of Common Stock reported on this Form 4, which total 18,654 shares, Mr. Cunningham also holds, in the aggregate, an additional 85,720 restricted stock units, with each restricted stock unit representing a contingent right to receive one share of Common Stock.
F5 Each restricted stock unit represents a contingent right to receive one share of common stock.
F6 Represents a restricted stock unit award that partially vested on October 11, 2022. The restricted stock units vest in three equal annual installments beginning on October 11, 2022.
F7 Represents a restricted stock unit award that vests in three annual installments, with 50% vesting on October 11, 2022, 25% vesting on October 11, 2023, and 25% vesting on October 11, 2024.