Allison Dorval - 29 Nov 2024 Form 4 Insider Report for Verve Therapeutics, Inc. (VERV)

Signature
/s/ Andrew Ashe, as Attorney-in-Fact for Allison Dorval
Issuer symbol
VERV
Transactions as of
29 Nov 2024
Transactions value $
-$3,130
Form type
4
Filing time
03 Dec 2024, 16:30:04 UTC
Previous filing
21 Jun 2024
Next filing
10 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VERV Common Stock Options Exercise +1,875 +46% 5,935 29 Nov 2024 Direct F1
transaction VERV Common Stock Sale -$3,130 -555 -9.4% $5.64 5,380 02 Dec 2024 Direct 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 VERV Restricted Stock Units Options Exercise $0 -1,875 -50% $0 1,875 29 Nov 2024 Common Stock 1,875 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") convert into common stock on a one-for-one basis. This transaction represents the settlement of RSUs in shares of common stock on their scheduled vesting date,
F2 This transaction was effected pursuant to a durable automatic sale instruction plan adopted by the reporting person on December 9, 2021, and represents a broker-assisted sale of shares to satisfy the payment of withholding tax liability incurred upon the vesting of restricted stock units. The sale does not represent a discretionary trade by the reporting person.
F3 On November 29, 2021, the reporting person was granted 7,500 RSUs pursuant to the Verve Therapeutics, Inc. 2021 Stock Incentive Plan. Each RSU represents a contingent right to receive one share of the Company's common stock upon vesting, with 25% of the RSU vesting on November 29, 2022 and the remainder vesting in equal annual installments until November 29, 2025.