Moderna president exercises 9,282 RSUs
Moderna, Inc. president Stephen Hoge reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
Moderna, Inc. president Stephen Hoge reported routine equity compensation activity. He exercised 9,282 restricted stock units, which convert into common stock on a one-for-one basis, adding the same number of common shares.
In connection with this vesting, 4,488 shares were withheld at $47.19 per share to satisfy tax withholding obligations, a non‑market disposition. After these transactions, Hoge directly holds 1,483,848 shares of common stock and has 102,111 restricted stock units outstanding. Additional indirect common stock holdings are reported by a family trust and by Valhalla, LLC, with beneficial ownership of the trust shares disclaimed except for any pecuniary interest.
Insider Trade Summary
9,282 shares exercised/converted
Exercise
5 txns
Insider
Hoge Stephen
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 9,282 | $0.00 | $0.00 |
| Exercise | Common Stock | 9,282 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,488 | $47.19 | $212K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 102,111 contracts (Direct);
Common Stock — 1,483,848 shares (Direct);
Common Stock — 4,116 shares (Indirect, By Valhalla, LLC);
Common Stock — 151,933 shares (Indirect, By Trust)
Footnotes (4)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. Represents shares withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the vest of restricted stock units.
- F3. These shares are owned directly by a trust for the benefit of Dr. Hoge's spouse and children, of which his spouse is a trustee. The reporting person disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose.
- F4. 25% of the shares subject to this restricted stock unit award vested on March 1, 2026 with the remainder vesting in twelve (12) equal quarterly installments thereafter.
Key Figures
RSUs exercised: 9,282 units
Shares withheld for taxes: 4,488 shares
Tax withholding price: $47.19/share
+5 more
8 metrics
RSUs exercised
9,282 units
Restricted stock units converted one-for-one into common stock
Shares withheld for taxes
4,488 shares
Withheld at $47.19 per share to satisfy tax obligations
Tax withholding price
$47.19/share
Value applied to 4,488 withheld shares
Direct common shares after transactions
1,483,848 shares
Direct Moderna common stock held by Stephen Hoge following Form 4 activity
Indirect trust holdings
151,933 shares
Common stock held by a family trust; beneficial ownership largely disclaimed
Indirect Valhalla, LLC holdings
4,116 shares
Common stock held indirectly through Valhalla, LLC
Remaining RSUs
102,111 units
Restricted stock units remaining outstanding after the 9,282-unit vesting
Initial RSU vesting date
March 1, 2026
25% of the restricted stock unit award vested on this date
Key Terms
Restricted stock units, tax withholding obligations, Section 16 beneficial ownership, pecuniary interest, +1 more
5 terms
Restricted stock units financial
"Restricted stock units convert into common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"Represents shares withheld at the election of the Reporting Person to satisfy tax withholding obligations"
Section 16 beneficial ownership regulatory
"The reporting person disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest therein"
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any"
vesting financial
"25% of the shares subject to this restricted stock unit award vested on March 1, 2026"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Moderna (MRNA) president Stephen Hoge report?
Stephen Hoge reported an exercise of 9,282 restricted stock units into common stock and a related tax withholding of 4,488 shares at $47.19. These actions reflect routine equity compensation vesting rather than open-market buying or selling activity.
What happens to Moderna (MRNA) restricted stock units when they vest for Stephen Hoge?
The restricted stock units convert into Moderna common stock on a one-for-one basis upon vesting. In this case, 9,282 restricted stock units vested and converted into 9,282 common shares, with a portion withheld to satisfy Hoge’s related tax liabilities.
How are Stephen Hoge’s indirect Moderna (MRNA) holdings structured?
Indirect holdings include shares held by a trust for the benefit of his spouse and children and by Valhalla, LLC. For the trust position, Hoge disclaims Section 16 beneficial ownership except to the extent of any pecuniary interest he may have in those securities.
What is the vesting schedule for Stephen Hoge’s Moderna (MRNA) restricted stock units?
According to the filing, 25% of the shares subject to the restricted stock unit award vested on March 1, 2026. The remaining units are scheduled to vest in twelve equal quarterly installments following that initial vesting date, subject to continued conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
