Bob D. Brown - Aug 2, 2021 Form 4 Insider Report for Dicerna Pharmaceuticals Inc (DRNA)

Role
Chief Scientific Ofr., EVP R&D
Signature
/s/ Douglas W. Pagan, attorney-in-fact
Stock symbol
DRNA
Transactions as of
Aug 2, 2021
Transactions value $
-$282,251
Form type
4
Date filed
8/3/2021, 04:25 PM
Previous filing
Jul 6, 2021
Next filing
Sep 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRNA Common Stock Options Exercise $28.4K +8.31K +38.63% $3.42 29.8K Aug 2, 2021 Direct
transaction DRNA Common Stock Sale -$311K -8.31K -27.87% $37.38 21.5K Aug 2, 2021 Direct F1, 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 DRNA Employee Stock Option (Right to Buy) Options Exercise $0 -8.31K -25% $0.00 24.9K Aug 2, 2021 Common Stock 8.31K $3.42 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person sold an aggregate of 8,312 shares of Common Stock on August 2, 2021 (the "Shares Sold") as reported in this Form 4. The Shares Sold represent 0.93% of 895,265 shares of Common Stock, which is the number of shares of Common Stock owned by the Reporting Person prior to the Shares Sold transaction reported in this Form 4, as well as shares issuable upon exercise or settlement of vested and unvested options and restricted stock units held by the Reporting Person as of the date of this report.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 10, 2020.
F3 The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $37.025 to $37.93, inclusive. The Reporting Person undertakes to provide to Dicerna Pharmaceuticals, Inc., any security holder of Dicerna Pharmaceuticals, Inc., 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 ranges set forth in footnote (3) to this Form 4.
F4 As of the transaction date, the option was fully vested. The option vested 1/48 monthly on the last day of each month with the vesting start date of 7/30/2013.