Kathy L. Hibbs - Nov 2, 2023 Form 4 Insider Report for 23andMe Holding Co. (ME)

Role
Chief Administrative Officer
Signature
/s/ Kathy Hibbs
Stock symbol
ME
Transactions as of
Nov 2, 2023
Transactions value $
-$17,246
Form type
4
Date filed
11/3/2023, 07:02 PM
Previous filing
Oct 20, 2023
Next filing
Nov 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ME Class A Common Stock Options Exercise $16.2K +38.5K +3% $0.42 1.32M Nov 2, 2023 Direct
transaction ME Class A Common Stock Sale -$33.4K -38.5K -2.91% $0.87 1.28M Nov 2, 2023 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 ME Stock Option (Right to Buy) Options Exercise $0 -38.5K -7.14% $0.00 501K Nov 2, 2023 Class A Common Stock 38.5K $0.42 Direct F3, 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 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.
F2 The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $0.8501 to $0.8899 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.
F3 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.
F4 On June 30, 2023, the reporting person filed a Form 4 which inadvertently reported in column 9 that, following the exercise of an option, the number of derivative securities beneficially owned was 918,591, when this number should have been reported as 859,791. This Form 4 reflects the corrected number of derivative securities beneficially owned following the transactions reported since June 30, 2023, including the transaction reported herein.