Nerissa Kreher - 01 Sep 2023 Form 4 Insider Report for Entrada Therapeutics, Inc. (TRDA)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
06 Sep 2023, 17:08:54 UTC
Prior SEC filing
04 Aug 2023
Next SEC filing
25 Jan 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Jared Cohen, as Attorney-in-Fact

Key filing fact

Nerissa Kreher filed Form 4 for Entrada Therapeutics, Inc. (TRDA) on 06 Sep 2023.

Key facts

  • This page summarizes Nerissa Kreher's Form 4 filing for Entrada Therapeutics, Inc. (TRDA).
  • 5 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 06 Sep 2023, 17:08.

Change

  • Previous filing in this sequence was filed on 04 Aug 2023.
  • Current net transaction value: -$17,821.

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.

TRDA transaction

Common Stock

Award

Transaction value
$0
Shares
+14,200
Change %
+52%
Price
$0.000000
Shares after
41,330
Date
01 Sep 2023
Ownership
Direct
Footnotes
F1
TRDA transaction

Common Stock

Tax liability

Transaction value
$5,799
Shares
-401
Change %
-0.97%
Price
$14.46
Shares after
40,929
Date
05 Sep 2023
Ownership
Direct
Footnotes
F2
TRDA transaction

Common Stock

Sale

Transaction value
$11,728
Shares
-871
Change %
-2.1%
Price
$13.46
Shares after
40,058
Date
06 Sep 2023
Ownership
Direct
Footnotes
F3, F4
TRDA transaction

Common Stock

Sale

Transaction value
$294
Shares
-21
Change %
-0.05%
Price
$14.00
Shares after
40,037
Date
06 Sep 2023
Ownership
Direct
Footnotes
F3

Reported derivative securities

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

TRDA transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value
$0
Shares
+21,500
Change %
Price
$0.000000
Shares after
21,500
Date
01 Sep 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
21,500
Exercise price
$15.41
Footnotes
F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 5 footnotes

Footnote F1

Represents a grant of restricted stock units ("RSUs") under the Issuer's 2021 Stock Option and Incentive Plan. Each RSU represents the contingent right to receive one share of the Issuer's common stock. The RSUs shall vest as follows: (i) 25% on September 1, 2024; (ii) 25% on September 1, 2025; (iii) 25% on September 1, 2026 and (iv) the remaining 25% on September 1, 2027, so long as the Reporting Person remains an employee or other service provider of the Issuer through such date.

Footnote F2

This sale represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of previously granted RSUs.

Footnote F3

The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 9, 2023.

Footnote F4

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.00 to $13.84, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, 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 range set forth in this footnote.

Footnote F5

25% of the option shares shall vest and become exercisable on September 1, 2024, with the remaining 75% vesting in thirty-six (36) equal monthly installments thereafter, such that the option shares will be fully vested on September 1, 2027.

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