Arthur A. Levin - 29 Dec 2022 Form 4 Insider Report for Avidity Biosciences, Inc. (RNA)

Signature
/s/ John W. Wallen III, Ph.D., J.D., Attorney-in-Fact
Issuer symbol
RNA
Transactions as of
29 Dec 2022
Net transactions value
-$830,968
Form type
4
Filing time
03 Jan 2023, 16:40:56 UTC
Previous filing
31 Aug 2022
Next filing
17 Jan 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RNA Common Stock Options Exercise $49,600 +40,000 +3008% $1.24* 41,330 29 Dec 2022 Direct F1
transaction RNA Common Stock Sale $880,568 -40,000 -97% $22.01 1,330 29 Dec 2022 Direct F1, F2

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 -40,000 -31% $0.000000 88,423 29 Dec 2022 Common Stock 40,000 $1.24 Direct F1, F3
* 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 $22.00 to $22.16. 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 25% of the shares subject to the option vested on February 19, 2021, and 1/48th of the shares subject to the option will vest monthly thereafter.