Kathy L. Hibbs - Sep 7, 2023 Form 4 Insider Report for 23andMe Holding Co. (ME)

Role
Chief Administrative Officer
Signature
/s/ Kathy Hibbs
Stock symbol
ME
Transactions as of
Sep 7, 2023
Transactions value $
-$26,307
Form type
4
Date filed
9/11/2023, 04:04 PM
Previous filing
Aug 25, 2023
Next filing
Sep 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ME Class A Common Stock Options Exercise $17.2K +40.9K +15.79% $0.42 300K Sep 7, 2023 Direct F1
transaction ME Class A Common Stock Sale -$43.5K -40.9K -13.64% $1.06 259K Sep 7, 2023 Direct F2, 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 ME Stock Option (Right to Buy) Options Exercise $0 -40.9K -5.42% $0.00 714K Sep 7, 2023 Class A Common Stock 40.9K $0.42 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Includes 6,472 shares acquired under the 23andMe Holding Co. 2021 Employee Stock Purchase Plan on August 31, 2023.
F2 The sale reported on this Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 9, 2023.
F3 The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $1.04 to $1.08. Upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
F4 The stock options vested 25% after 12 months of service and on a pro rata basis (in remaining 1/48 installments) over the following 36 months of service beginning on April 1, 2014.