Rice Valerie Md Montgomery - Sep 6, 2023 Form 4 Insider Report for 23andMe Holding Co. (ME)

Role
Director
Signature
/s/ Valerie Montgomery Rice, by Kathy Hibbs, attorney-in-fact
Stock symbol
ME
Transactions as of
Sep 6, 2023
Transactions value $
$65,000
Form type
4
Date filed
9/8/2023, 04:56 PM
Previous filing
Jul 6, 2023
Next filing
Sep 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ME Class A Common Stock Award $0 +131K +87.8% $0.00 280K Sep 6, 2023 Direct F1
transaction ME Class A Common Stock Award $65K +59.6K +21.3% $1.09 340K Sep 6, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") issued pursuant to the 23andMe Holding Co. Amended and Restated Outside Director Compensation Policy (the "Director Compensation Policy"), all of which vest on the earlier of (a) the first anniversary of the grant date and (b) the date of the issuer's 2024 annual meeting of stockholders. Each RSU represents the contingent right to receive one share of Class A common stock of the issuer. The reporting person has elected to defer receipt of these shares until the end of service on the board of directors of the issuer pursuant to the 23andMe Holding Co. RSU Conversion and Deferral Program For Directors (the "Conversion and Deferral Program").
F2 RSUs issued to the reporting person in lieu of cash retainer fees, at the election of the reporting person (the "RSU Election"), pursuant to the Director Compensation Policy and the Conversion and Deferral Program. Each RSU represents the contingent right to receive one share of Class A common stock of the issuer and is fully vested. The reporting person has elected to defer receipt of these shares until the end of service on the board of directors of the issuer pursuant to the Conversion and Deferral Program.
F3 Under the the Conversion and Deferral Program, the number of shares issued in lieu of cash retainer fees is determined by dividing the dollar amount of the cash retainer fees subject to the RSU Election by the closing price of a share of Class A common stock of the issuer on the Nasdaq Global Select Market on the date of issuance, with any fractional share rounded down to the nearest whole share.