December 11, 2025 · Form 4 insider transaction
Bancel Stephane bought 688,073 shares of Moderna, Inc. at $10.90 per share, a transaction worth $7.50M. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 4 days after the transaction.
The Reporting Person acquired 688,073 shares of the Issuer's common stock upon the exercise in full of a stock option scheduled to expire on February 23, 2026. The option would have been forfeited if not exercised prior to that date. The Reporting Person paid the full exercise price of $7,499,995.70 ($10.90 per share) and applicable withholding taxes of $5,998,279.76 in cash, for a total cash amount of $13,498,275.46. No shares of the Issuer were sold or withheld in connection with the exercise.