Michael J. Kaufman - 15 Jul 2021 Form 4 Insider Report for Mersana Therapeutics, Inc. (MRSN)

Source evidence Original filing metadata and source links for verification. 3 source fields
SEC form
4
Accepted by SEC
19 Jul 2021, 20:50:21 UTC
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Brian DeSchuytner, as Attorney-in-Fact

Key filing fact

Michael J. Kaufman filed Form 4 for Mersana Therapeutics, Inc. (MRSN) on 19 Jul 2021.

Key facts

  • This page summarizes Michael J. Kaufman's Form 4 filing for Mersana Therapeutics, Inc. (MRSN).
  • 4 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 19 Jul 2021, 20:50.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: -$147,897.

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.

MRSN transaction

Common Stock

Options Exercise

Transaction value
Shares
+40,000
Change %
+849%
Price
Shares after
44,710
Date
15 Jul 2021
Ownership
Direct
Footnotes
F1
MRSN transaction

Common Stock

Sale

Transaction value
$72,027
Shares
-5,776
Change %
-13%
Price
$12.47*
Shares after
38,934
Date
16 Jul 2021
Ownership
Direct
Footnotes
F2, F3
MRSN transaction

Common Stock

Sale

Transaction value
$75,870
Shares
-6,312
Change %
-16%
Price
$12.02*
Shares after
32,622
Date
19 Jul 2021
Ownership
Direct
Footnotes
F2, F4

Reported derivative securities

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

MRSN transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-40,000
Change %
-100%
Price
$0.000000*
Shares after
0
Date
15 Jul 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
40,000
Exercise price
Footnotes
F1, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Each restricted stock unit ("RSU") listed in Table II represented a contingent right to receive one share of the Issuer's common stock upon vesting.

Footnote F2

Represents the number of shares sold by the reporting person to cover tax withholding obligations in connection with the vesting of the RSUs listed in Table II. These sales were mandated by the Issuer's election under its equity incentive plans to require the reporting person to sell a number of shares of common stock needed to satisfy her tax withholding obligations and does not represent a discretionary trade by the reporting person

Footnote F3

The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $12.27 to $12.61, inclusive. The reporting person undertakes to provide to Mersana Therapeutics, Inc., any security holder of Mersana Therapeutics, 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.

Footnote F4

The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $11.90 to $12.23, inclusive. The reporting person undertakes to provide to Mersana Therapeutics, Inc., any security holder of Mersana Therapeutics, 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 (4) to this Form 4.

Footnote F5

The RSUs vested in their entirety on July 15, 2021.

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