Marc Schegerin - Jan 12, 2024 Form 4 Insider Report for Morphic Holding, Inc. (MORF)

Role
CFO and COO
Signature
/s/ Robert Farrell as attorney-in-fact for Marc M.D. Schegerin
Stock symbol
MORF
Transactions as of
Jan 12, 2024
Transactions value $
-$166,071
Form type
4
Date filed
1/17/2024, 07:03 PM
Previous filing
Sep 8, 2023
Next filing
Jul 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MORF Common Stock Options Exercise $0 +14.7K +60.8% $0.00 38.8K Jan 13, 2024 Direct F1
transaction MORF Common Stock Options Exercise $0 +4.69K +12.08% $0.00 43.5K Jan 14, 2024 Direct F1
transaction MORF Common Stock Sale -$166K -6.04K -13.89% $27.49 37.5K Jan 16, 2024 Direct 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 MORF Stock Option (right to buy Common Stock) Award $0 +133K $0.00 133K Jan 12, 2024 Common Stock 133K $27.79 Direct F3
transaction MORF Restricted Stock Unit Award $0 +85.8K $0.00 85.8K Jan 12, 2024 Common Stock 85.8K Direct F1, F4
transaction MORF Restricted Stock Unit Options Exercise $0 -14.7K -25% $0.00 44K Jan 13, 2024 Common Stock 14.7K Direct F1, F5
transaction MORF Restricted Stock Unit Options Exercise $0 -4.69K -33.33% $0.00 9.38K Jan 14, 2024 Common Stock 4.69K Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the issuer's Common Stock upon settlement.
F2 The sales reported on this Form 4 represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of a tax withholding obligation to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
F3 The option vests as to 2.0833% of the total shares monthly, beginning February 12, 2024, with 100% of the total shares vested and exercisable on January 12, 2028, subject to the reporting person's provision of service to the issuer on each vesting date.
F4 The RSUs vest as to 25% of the total shares on each of January 12, 2025, January 12, 2026, January 12, 2027 and January 12, 2028, subject to the reporting person's provision of service to the issuer on each vesting date.
F5 The RSUs vest as to 25% of the total shares on each of January 13, 2024, January 13, 2025, January 13, 2026 and January 13, 2027, subject to the reporting person's provision of service to the issuer on each vesting date.
F6 The RSUs vest as to 25% of the total shares on each of January 14, 2023, January 14, 2024, January 14, 2025 and January 14, 2026, subject to the reporting person's provision of service to the issuer on each vesting date.