Michael Singer - 08 Apr 2024 Form 4 Insider Report for Cartesian Therapeutics, Inc. (RNAC)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
10 Apr 2024, 21:47:15 UTC
Prior SEC filing
04 Jan 2024
Next SEC filing
21 Nov 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Matthew Bartholomae, Attorney-in-Fact for Michael Singer

Key filing fact

Michael Singer filed Form 4 for Cartesian Therapeutics, Inc. (RNAC) on 10 Apr 2024.

Key facts

  • This page summarizes Michael Singer's Form 4 filing for Cartesian Therapeutics, Inc. (RNAC).
  • 14 reported transactions and 8 derivative rows are listed below.
  • Accepted by SEC: 10 Apr 2024, 21:47.

Change

  • Previous filing in this sequence was filed on 04 Jan 2024.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

RNAC transaction

Common Stock

Options Exercise

Transaction value
Shares
+110,151
Change %
+1147%
Price
Shares after
119,754
Date
08 Apr 2024
Ownership
Direct
Footnotes
F1, F2
RNAC transaction

Common Stock

Options Exercise

Transaction value
Shares
+377,208
Change %
+5726%
Price
Shares after
383,796
Date
08 Apr 2024
Ownership
by trust
Footnotes
F1, F2, F3
RNAC transaction

Common Stock

Options Exercise

Transaction value
Shares
+55,746
Change %
+5729%
Price
Shares after
56,719
Date
08 Apr 2024
Ownership
by trust
Footnotes
F1, F2, F4
RNAC transaction

Common Stock

Options Exercise

Transaction value
Shares
+7,005
Change %
+5742%
Price
Shares after
7,127
Date
08 Apr 2024
Ownership
by trust
Footnotes
F1, F2, F5
RNAC transaction

Common Stock

Options Exercise

Transaction value
Shares
+14,535
Change %
+5745%
Price
Shares after
14,788
Date
08 Apr 2024
Ownership
by spouse
Footnotes
F1, F2, F6
RNAC transaction

Common Stock

Options Exercise

Transaction value
Shares
+94,568
Change %
+5728%
Price
Shares after
96,219
Date
08 Apr 2024
Ownership
as custodian
Footnotes
F1, F2, F7
RNAC transaction

Common Stock

Options Exercise

Transaction value
Shares
+94,568
Change %
+5728%
Price
Shares after
96,219
Date
08 Apr 2024
Ownership
as custodian
Footnotes
F1, F2, F8

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

RNAC transaction Derivative

Series A Non-Voting Convertible Preferred Stock

Options Exercise

Transaction value
Shares
-3,305
Change %
-100%
Price
Shares after
0
Date
08 Apr 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
110,151
Exercise price
Footnotes
F1, F2
RNAC transaction Derivative

Series A Non-Voting Convertible Preferred Stock

Options Exercise

Transaction value
Shares
-11,316
Change %
-100%
Price
Shares after
0
Date
08 Apr 2024
Ownership
by trust
Underlying class
Common Stock
Underlying amount
377,208
Exercise price
Footnotes
F1, F2, F3
RNAC transaction Derivative

Series A Non-Voting Convertible Preferred Stock

Options Exercise

Transaction value
Shares
-1,672
Change %
-100%
Price
Shares after
0
Date
08 Apr 2024
Ownership
by trust
Underlying class
Common Stock
Underlying amount
55,746
Exercise price
Footnotes
F1, F2, F4
RNAC transaction Derivative

Series A Non-Voting Convertible Preferred Stock

Options Exercise

Transaction value
Shares
-210
Change %
-100%
Price
Shares after
0
Date
08 Apr 2024
Ownership
by trust
Underlying class
Common Stock
Underlying amount
7,005
Exercise price
Footnotes
F1, F2, F5
RNAC transaction Derivative

Series A Non-Voting Convertible Preferred Stock

Options Exercise

Transaction value
Shares
-436
Change %
-100%
Price
Shares after
0
Date
08 Apr 2024
Ownership
by spouse
Underlying class
Common Stock
Underlying amount
14,535
Exercise price
Footnotes
F1, F2, F6
RNAC transaction Derivative

Series A Non-Voting Convertible Preferred Stock

Options Exercise

Transaction value
Shares
-2,837
Change %
-100%
Price
Shares after
0
Date
08 Apr 2024
Ownership
as custodian
Underlying class
Common Stock
Underlying amount
94,568
Exercise price
Footnotes
F1, F2, F7
RNAC transaction Derivative

Series A Non-Voting Convertible Preferred Stock

Options Exercise

Transaction value
Shares
-2,837
Change %
-100%
Price
Shares after
0
Date
08 Apr 2024
Ownership
as custodian
Underlying class
Common Stock
Underlying amount
94,568
Exercise price
Footnotes
F1, F2, F8
RNAC holding Derivative

Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
7,600
Date
08 Apr 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
7,600
Exercise price
$19.66
Footnotes
F2, F9
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 footnotes

Footnote F1

On March 27, 2024, the issuer held a special meeting of stockholders (the "Special Meeting"). At the Special Meeting, the stockholders of the issuer approved a 1-for-30 reverse stock split (the "Reverse Stock Split") of the issuer's common stock ("Common Stock") and the conversion of the issuer's Series A Non-Voting Convertible Preferred Stock ("Series A Preferred Stock") into shares of Common Stock. On April 8, 2024, the conversion of the majority of the shares of Series A Preferred Stock occurred automatically (the "Automatic Conversion"). The remaining shares of Series A Preferred Stock remain subject to certain beneficial ownership limitations described in the issuer's filings with the Securities and Exchange Commission. At the time of the Automatic Conversion, all of the reporting person's shares of Series A Preferred Stock converted into shares of Common Stock.

Footnote F2

On April 4, 2024, the issuer effected the Reverse Stock Split. The amount of securities reported on this Form 4 has been adjusted to reflect the Reverse Stock Split.

Footnote F3

Shares are held in a trust for the benefit of the reporting person's spouse and children. The reporting person's spouse is a trustee of this trust.

Footnote F4

Shares are held in a trust for which the reporting person is a beneficiary. The reporting person is a trustee of this trust.

Footnote F5

Shares are held in a trust for which the reporting person is a beneficiary. The reporting person's spouse is a trustee of this trust.

Footnote F6

Shares are held by the reporting person's spouse.

Footnote F7

The shares are held for LS, the child of the reporting person, through a custodial account established pursuant to the Uniform Transfer to Minors Act ("UTMA") for which the reporting person serves as custodian.

Footnote F8

The shares are held for SS, the child of the reporting person, through a custodial account established pursuant to the UTMA for which the reporting person serves as custodian.

Footnote F9

This award will vest in 36 equal monthly installments, so that it shall be fully vested on the third anniversary of the date of grant.

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