Anna Protopapas - 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, 19:26:45 UTC
Prior SEC filing
16 Jan 2025
Next SEC filing
13 Jun 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Alejandra Carvajal, Attorney-in-Fact

Key filing fact

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

Key facts

  • This page summarizes Anna Protopapas's Form 4 filing for Mersana Therapeutics, Inc. (MRSN).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 17 Jan 2025, 19:26.

Change

  • Previous filing in this sequence was filed on 16 Jan 2025.
  • Current net transaction value: -$5,009.

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
+21,250
Change %
+14%
Price
$0.000000
Shares after
176,678
Date
15 Jan 2025
Ownership
Direct
Footnotes
F1
MRSN transaction

Common Stock

Sale

Transaction value
$5,009
Shares
-8,637
Change %
-4.9%
Price
$0.5800
Shares after
168,041
Date
16 Jan 2025
Ownership
Direct
Footnotes
F2, F3
MRSN holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
240,244
Date
15 Jan 2025
Ownership
By Trust
Footnotes
F4
MRSN holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
72,263
Date
15 Jan 2025
Ownership
By Trust
Footnotes
F5

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
-21,250
Change %
-100%
Price
$0.000000
Shares after
0
Date
15 Jan 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
21,250
Exercise price
Footnotes
F6, F7
* 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 7 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, who previously served as the Issuer's President and Chief Executive Officer, on January 15, 2021.

Footnote F2

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 11, 2023. The sale was effected through an automatic "sell to cover" transaction that did not represent a discretionary trade by the Reporting Person.

Footnote F3

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 F4

These shares of common stock are held by the Anna Protopapas Irrevocable Trust (the "Protopapas Trust") for the benefit of the Reporting Person's spouse and children. The Reporting Person's spouse is the trustee of the Protopapas Trust.

Footnote F5

These shares of common stock are held by the Kinney/Protopapas Family Irrevocable Trust (the "Kinney/Protopapas Trust") for the benefit of the Reporting Person's children. The Reporting Person's spouse is a co-trustee of the Kinney/Protopapas Trust.

Footnote F6

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

Footnote F7

Fully vested as of January 15, 2025.

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