Eric Swayze - Jan 15, 2025 Form 4 Insider Report for IONIS PHARMACEUTICALS INC (IONS)

Signature
By: Patrick R. O'Neil, attorney-in-fact For: Eric Swayze
Stock symbol
IONS
Transactions as of
Jan 15, 2025
Transactions value $
-$235,678
Form type
4
Date filed
1/17/2025, 07:41 PM
Previous filing
Jan 6, 2025
Next filing
Feb 3, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IONS Common Stock Options Exercise $0 +19.1K +56.69% $0.00 52.8K Jan 15, 2025 Direct F1
transaction IONS Common Stock Sale -$235K -7.15K -13.54% $32.84 45.7K Jan 16, 2025 Direct F2, F3
transaction IONS Common Stock Options Exercise $0 +49 +31.21% $0.00 206 Jan 15, 2025 by Son F1
transaction IONS Common Stock Sale -$719 -22 -10.68% $32.70 184 Jan 16, 2025 by Son F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IONS Performance Restricted Stock Units Award $0 +22K +51.79% $0.00 64.5K Jan 15, 2025 Common Stock 22K $0.00 Direct F4, F5
transaction IONS Restricted Stock Unit Award $0 +33K +70.62% $0.00 79.7K Jan 15, 2025 Common Stock 33K $0.00 Direct F6, F7, F8
transaction IONS Restricted Stock Unit Options Exercise $0 -19.1K -23.97% $0.00 60.6K Jan 15, 2025 Common Stock 19.1K $0.00 Direct F7, F8
transaction IONS Restricted Stock Unit Award $0 +245 +57.51% $0.00 671 Jan 15, 2025 Common Stock 245 $0.00 by Son F7, F8, F9
transaction IONS Restricted Stock Unit Options Exercise $0 -49 -7.3% $0.00 622 Jan 15, 2025 Common Stock 49 $0.00 by Son F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquired pursuant to vesting and release of shares in accordance with Restricted Stock Unit awards.
F2 The sale was made pursuant to an automatic sale to cover the required tax withholding obligations pursuant to the 2011 Equity Incentive Plan Restricted Stock Unit Agreement and Grant Notice.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.835 to $32.85 inclusive. The reporting person undertakes to provide to Ionis Pharmaceuticals, Inc. any security holder of Ionis Pharmaceuticals, Inc. 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 footnote (3) on this Form 4.
F4 Grant to reporting person of Performance Restricted Stock Units (PRSUs) under the Ionis Pharmaceuticals, Inc. Amended and Restated 2011 Equity Incentive Plan.
F5 The PRSUs may vest at the end of the three-year performance period following the date of grant based on the Issuer's relative total shareholder return as compared to a peer group of companies. The number of PRSUs reported represents the maximum that may be earned, which is 200% of the target number. No number of PRSUs is guaranteed to vest and the actual number of PRSUs that will vest at the end of the performance period may be anywhere from zero to the amount stated.
F6 Grant to reporting person of Restricted Stock Units under the Ionis Pharmaceuticals, Inc. Amended and Restated 2011 Equity Incentive Plan.
F7 Each Restricted Stock Unit represents a contingent right to receive one share of Ionis common stock, or its equivalent cash value.
F8 Restricted Stock Units vest in four equal annual installments. Upon vesting, the restricted stock units will be paid out in whole shares of Ionis common stock or cash as may be determined by the Company.
F9 Grant to reporting person's son of Restricted Stock Units under the Ionis Pharmaceuticals, Inc. Amended and Restated 2011 Equity Incentive Plan.