Metin Kurtoglu - 09 Dec 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
11 Dec 2024, 16:28:35 UTC
Prior SEC filing
21 Nov 2024
Next SEC filing
06 Jan 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Matthew Bartholomae, Attorney-in-Fact for Metin Kurtoglu

Key filing fact

Metin Kurtoglu filed Form 4 for Cartesian Therapeutics, Inc. (RNAC) on 11 Dec 2024.

Key facts

  • This page summarizes Metin Kurtoglu's Form 4 filing for Cartesian Therapeutics, Inc. (RNAC).
  • 7 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 11 Dec 2024, 16:28.

Change

  • Previous filing in this sequence was filed on 21 Nov 2024.
  • Current net transaction value: -$325,868.

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
$15,176
Shares
+10,763
Change %
+21%
Price
$1.41
Shares after
61,796
Date
09 Dec 2024
Ownership
Direct
RNAC transaction

Common Stock

Sale

Transaction value
$157,236
Shares
-6,224
Change %
-10%
Price
$25.26
Shares after
55,572
Date
09 Dec 2024
Ownership
Direct
Footnotes
F1
RNAC transaction

Common Stock

Sale

Transaction value
$117,257
Shares
-4,539
Change %
-8.2%
Price
$25.83
Shares after
51,033
Date
09 Dec 2024
Ownership
Direct
Footnotes
F2
RNAC transaction

Common Stock

Options Exercise

Transaction value
$4,090
Shares
+2,901
Change %
+5.7%
Price
$1.41
Shares after
53,934
Date
10 Dec 2024
Ownership
Direct
RNAC transaction

Common Stock

Sale

Transaction value
$70,640
Shares
-2,901
Change %
-5.4%
Price
$24.35
Shares after
51,033
Date
10 Dec 2024
Ownership
Direct
Footnotes
F3

Reported derivative securities

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

RNAC transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value
Shares
-10,763
Change %
-12%
Price
Shares after
82,000
Date
09 Dec 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
10,763
Exercise price
$1.41
Footnotes
F4, F5
RNAC transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value
Shares
-2,901
Change %
-3.5%
Price
Shares after
79,099
Date
10 Dec 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,901
Exercise price
$1.41
Footnotes
F4, 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

The price reported is a weighted average price. The shares were sold in multiple transactions at per share prices ranging from $24.58 to $25.57. The Reporting Person undertakes to provide upon request to the SEC staff, the Issuer, or any stockholder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Footnote F2

The price reported is a weighted average price. The shares were sold in multiple transactions at per share prices ranging from $25.58 to $26.14. The Reporting Person undertakes to provide upon request to the SEC staff, the Issuer, or any stockholder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Footnote F3

The price reported is a weighted average price. The shares were sold in multiple transactions at per share prices ranging from $24.00 to $24.78. The Reporting Person undertakes to provide upon request to the SEC staff, the Issuer, or any stockholder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Footnote F4

The option was fully vested and exercisable upon the closing of the merger described in footnote 5.

Footnote F5

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 the Issuer's Series A Preferred Stock in connection with the merger. On April 8, 2024, these options previously exercisable for shares of Series A Preferred Stock became exercisable solely for shares of the Issuer's Common Stock.

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