Emily English - Apr 9, 2024 Form 3 Insider Report for Cartesian Therapeutics, Inc. (RNAC)

Role
SVP, Head of Manufacturing
Signature
/s/ Matthew Bartholomae, Attorney-in-Fact for Emily English
Stock symbol
RNAC
Transactions as of
Apr 9, 2024
Transactions value $
$0
Form type
3
Date filed
4/19/2024, 04:49 PM
Next filing
Dec 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RNAC Common Stock 18.3K Apr 9, 2024 Direct F1

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
holding RNAC Stock Option (Right to Buy) Apr 9, 2024 Common Stock 57K $3.30 Direct F2, F3
holding RNAC Stock Option (Right to Buy) Apr 9, 2024 Common Stock 14.3K $3.30 Direct F3, F4
holding RNAC Stock Option (Right to Buy) Apr 9, 2024 Common Stock 23.4K $19.66 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit represents a contingent right to receive one share of the issuer's common stock ("Common Stock"), which will vest as to 25% on January 2, 2025. The remainder of the underlying shares will vest in three equal annual installments thereafter so that the underlying shares will be fully vested on January 2, 2028.
F2 These options are currently exercisable for 42,764 shares of Common Stock and become exercisable for an additional 14,255 shares of Common Stock on March 22, 2025.
F3 On November 13, 2023, the issuer acquired the private Delaware corporation which was then known as Cartesian Therapeutics, Inc. ("Old Cartesian") in accordance with the terms of an Agreement and Plan of Merger, dated November 13, 2023. Options to purchase Old Cartesian common stock held by the reporting person were converted into options to purchase shares of Common Stock in connection with the acquisition.
F4 These options are fully exercisable for 14,254 shares of Common Stock.
F5 These options vest as to 25% on January 2, 2025. The remainder of the underlying shares will vest in three equal annual installments thereafter so that the underlying shares will be fully vested on January 2, 2028.

Remarks:

Exhibit 24 - Power of Attorney