Kathy L. Hibbs - 15 Feb 2024 Form 4 Insider Report for 23andMe Holding Co. (MEHCQ)

Signature
/s/ Kathy Hibbs
Issuer symbol
MEHCQ
Transactions as of
15 Feb 2024
Net transactions value
-$14,020
Form type
4
Filing time
16 Feb 2024, 16:47:33 UTC
Previous filing
26 Jan 2024
Next filing
21 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ME Class A Common Stock Options Exercise $16,190 +38,548 +3% $0.4200 1,318,897 15 Feb 2024 Direct
transaction ME Class A Common Stock Sale $30,210 -38,548 -2.9% $0.7837 1,280,349 15 Feb 2024 Direct F1, 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 ME Stock Option (Right to Buy) Options Exercise $0 -38,548 -14% $0.000000 231,291 15 Feb 2024 Class A Common Stock 38,548 $0.4200 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale reported on this Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 9, 2023.
F2 The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $0.7278 to $0.8247. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
F3 The stock options vested 25% after 12 months of service and on a pro rata basis (in remaining 1/48 installments) over the following 36 months of service beginning on April 1, 2014.