Brian DeSchuytner - 15 Jan 2025 Form 4 Insider Report for Mersana Therapeutics, Inc. (MRSN)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
17 Jan 2025, 19:20:02 UTC
Prior SEC filing
16 Jan 2025
Next SEC filing
06 Jan 2026
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Alejandra Carvajal, Attorney-in-Fact

Key filing fact

Brian DeSchuytner filed Form 4 for Mersana Therapeutics, Inc. (MRSN) on 17 Jan 2025.

Key facts

  • This page summarizes Brian DeSchuytner's Form 4 filing for Mersana Therapeutics, Inc. (MRSN).
  • 7 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 17 Jan 2025, 19:20.

Change

  • Previous filing in this sequence was filed on 16 Jan 2025.
  • Current net transaction value: -$4,913.

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
$0
Shares
+6,250
Change %
+5.7%
Price
$0.000000
Shares after
115,280
Date
15 Jan 2025
Ownership
Direct
Footnotes
F1
MRSN transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+14,583
Change %
+13%
Price
$0.000000
Shares after
129,863
Date
15 Jan 2025
Ownership
Direct
Footnotes
F2
MRSN transaction

Common Stock

Sale

Transaction value
$4,913
Shares
-8,470
Change %
-6.5%
Price
$0.5800
Shares after
121,393
Date
16 Jan 2025
Ownership
Direct
Footnotes
F3, F4

Reported derivative securities

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

MRSN transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value
$0
Shares
-6,250
Change %
-100%
Price
$0.000000
Shares after
0
Date
15 Jan 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
6,250
Exercise price
Footnotes
F5, F6
MRSN transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value
$0
Shares
-14,583
Change %
-25%
Price
$0.000000
Shares after
43,750
Date
15 Jan 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
14,583
Exercise price
Footnotes
F5, F7
MRSN transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value
$0
Shares
+281,250
Change %
Price
$0.000000
Shares after
281,250
Date
15 Jan 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
281,250
Exercise price
$0.6400
Footnotes
F8
MRSN transaction Derivative

Restricted Stock Unit

Award

Transaction value
$0
Shares
+62,500
Change %
Price
$0.000000
Shares after
62,500
Date
15 Jan 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
62,500
Exercise price
Footnotes
F5, F9
* 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 9 footnotes

Footnote F1

Represents shares of common stock received upon vesting of a portion of the restricted stock units ("RSUs") awarded to the Reporting Person on January 15, 2021.

Footnote F2

Represents shares of common stock received upon vesting of a portion of the RSUs awarded to the Reporting Person on January 15, 2024.

Footnote F3

Represents the sale of shares of common stock to satisfy the Reporting Person's tax withholding obligations in connection with the service-based vesting and settlement of the RSUs pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 10, 2023. The sale was effected through an automatic "sell to cover" transaction that did not represent a discretionary trade by the Reporting Person.

Footnote F4

The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $0.56 to $0.58, 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 ranges set forth in this footnote.

Footnote F5

Each RSU represents the contingent right to receive one share of common stock of the Issuer.

Footnote F6

Fully vested as of January 15, 2025.

Footnote F7

25% of the total number of RSUs granted vested on January 15, 2025, and the remainder shall vest thereafter in equal annual installments over the next three years.

Footnote F8

The option shall vest in equal quarterly installments over four years from the date of grant.

Footnote F9

The RSUs shall vest in equal annual installments over four years from the date of grant.

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