| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MORF | Common Stock | Disposed to Issuer | -19.6K | -100% | 0 | Aug 16, 2024 | Direct | F1, F2 |
| 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) | Disposed to Issuer | -104K | -100% | 0 | Aug 16, 2024 | Common Stock | 104K | $4.32 | Direct | F3, F4 | ||
| transaction | MORF | Stock Option (Right to Buy) | Disposed to Issuer | -15.5K | -100% | 0 | Aug 16, 2024 | Common Stock | 15.5K | $15.00 | Direct | F3, F4 | ||
| transaction | MORF | Stock Option (Right to Buy) | Disposed to Issuer | -74.7K | -100% | 0 | Aug 16, 2024 | Common Stock | 74.7K | $15.42 | Direct | F3, F4 | ||
| transaction | MORF | Stock Option (Right to Buy) | Disposed to Issuer | -75K | -100% | 0 | Aug 16, 2024 | Common Stock | 75K | $30.19 | Direct | F4, F5 | ||
| transaction | MORF | Stock Option (Right to Buy) | Disposed to Issuer | -57.8K | -100% | 0 | Aug 16, 2024 | Common Stock | 57.8K | $44.75 | Direct | F4, F6 | ||
| transaction | MORF | Stock Option (Right to Buy) | Disposed to Issuer | -62.2K | -100% | 0 | Aug 16, 2024 | Common Stock | 62.2K | $31.72 | Direct | F4, F7 | ||
| transaction | MORF | Stock Option (Right to Buy) | Disposed to Issuer | -69.6K | -100% | 0 | Aug 16, 2024 | Common Stock | 69.6K | $27.79 | Direct | F4, F8 | ||
| transaction | MORF | Restricted Stock Unit | Disposed to Issuer | -32.9K | -100% | 0 | Aug 16, 2024 | Common Stock | 32.9K | Direct | F9, F10, F11 | |||
| transaction | MORF | Restricted Stock Unit | Disposed to Issuer | -6.5K | -100% | 0 | Aug 16, 2024 | Common Stock | 6.5K | Direct | F9, F11, F12 | |||
| transaction | MORF | Restricted Stock Unit | Disposed to Issuer | -44.4K | -100% | 0 | Aug 16, 2024 | Common Stock | 44.4K | Direct | F9, F11, F13 |
William DeVaul is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | On July 7, 2024, Morphic Holding, Inc., a Delaware corporation (the "Issuer" or the "Company"), entered into an Agreement and Plan of Merger (the "Merger Agreement") with Eli Lilly and Company, an Indiana corporation (the "Parent"), and Rainier Acquisition Corporation, a Delaware corporation and a wholly owned subsidiary of the Parent ("Merger Sub"). Pursuant to the Merger Agreement, the Merger Sub merged with and into the Company (the "Merger") with the Company surviving the Merger as a wholly owned subsidiary of the Parent. |
| F2 | (Continued from Footnote 1) Upon the closing (the "Closing") of the Merger on August 16, 2024, each share of the Company's Common Stock, par value $0.0001 per share ("Common Stock"), was either (x) purchased by Purchaser for $57.00 per share (the "Offer Price"), without interest, less any applicable tax withholding or (y) automatically converted into the right to receive the Offer Price in cash without interest, less any applicable tax withholding. |
| F3 | The Company Stock Option ("Option") is fully vested. |
| F4 | Pursuant to the Merger Agreement, each Option that was outstanding but not vested as of immediately prior to the Closing (the "Unvested Option") became fully vested and exercisable (the "Vested Option"). Each Vested Option was automatically cancelled and converted into the right to receive an amount in cash without interest, less any applicable tax withholding, equal to the product obtained by multiplying (i) the excess, if any, of the Offer Price over the exercise price per share of Common Stock underlying such Option by (ii) the number of shares of Common Stock underlying such Option. If the exercise price per share of Common Stock of the underlying Option was equal to or greater than the Offer Price, such Option was cancelled without any cash payment or other consideration being made in respect thereof. |
| F5 | The Option vests as to 2.0833% of the total shares monthly, beginning February 15, 2021, with 100% of the total shares vested and exercisable on January 15, 2025, subject to the reporting person's provision of service to the issuer on each vesting date. |
| F6 | The Option vests as to 2.0833% of the total shares monthly, beginning February 14, 2022, with 100% of the total shares vested and exercisable on January 14, 2026, subject to the reporting person's provision of service to the issuer on each vesting date. |
| F7 | The Option vests as to 2.0833% of the total shares monthly, beginning February 13, 2023, with 100% of the total shares vested and exercisable on January 13, 2027, subject to the reporting person's provision of service to the issuer on each vesting date. |
| F8 | 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. |
| F9 | Each Company Restricted Stock Unit ("RSUs") represents a contingent right to receive one (1) share of Common Stock upon settlement for no consideration. |
| F10 | 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. |
| F11 | Pursuant to the Merger Agreement, each RSU that was outstanding but not vested as of immediately prior to the Closing (the "Unvested RSU"), became immediately vested in full (the "Vested RSU"). Each Vested RSU was automatically cancelled and converted into the right to receive an amount in cash, without interest, less any applicable tax withholding, equal to the product obtained by multiplying (i) the Offer Price by (ii) the number of shares of Common Stock underlying such RSU. |
| F12 | 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. |
| F13 | 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. |