Filing Details
- Accession Number:
- 0001209191-22-048195
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-08-31 20:08:07
- Reporting Period:
- 2022-08-12
- Accepted Time:
- 2022-08-31 20:08:07
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1599901 | Avidity Biosciences Inc. | RNA | () | DE |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1181556 | A Arthur Levin | C/O Avidity Biosciences, Inc. 10578 Science Center Drive, Suite 125 San Diego CA 92121 | Chief Scientific Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2022-08-12 | 14,003 | $0.53 | 15,333 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2022-08-12 | 14,003 | $22.00 | 1,330 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2022-08-15 | 27,740 | $0.53 | 29,070 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2022-08-15 | 34,758 | $1.24 | 63,828 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2022-08-15 | 62,498 | $22.12 | 1,330 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2022-08-16 | 3,499 | $1.24 | 4,829 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2022-08-16 | 3,499 | $22.08 | 1,330 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (Right to Buy) | Disposition | 2022-08-12 | 14,003 | $0.00 | 14,003 | $0.53 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2022-08-15 | 27,740 | $0.00 | 27,740 | $0.53 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2022-08-15 | 34,758 | $0.00 | 34,758 | $1.24 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2022-08-16 | 3,499 | $0.00 | 3,499 | $1.24 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 27,740 | 2027-08-28 | No | 4 | M | Direct | |
| 0 | 2027-08-28 | No | 4 | M | Direct | |
| 131,922 | 2030-02-18 | No | 4 | M | Direct | |
| 128,423 | 2030-02-18 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 273,872 | Indirect | By family trust |
Footnotes
- The option exercise and sale reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $22.00 to $22.47.The Reporting Person undertakes to provide the Registrant, any securityholder of the Registrant, 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 range set forth in this footnote.
- The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $22.00 to $22.30.The Reporting Person undertakes to provide the Registrant, any securityholder of the Registrant, 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 range set forth in this footnote.
- On March 18, 2021, the Reporting Person filed a Form 4 reporting the total number of shares indirectly owned through a family trust. These indirect holdings were inadvertently omitted from the Reporting Person's subsequent reports on Form 4 filed on June 16, 2021, June 22, 2021, June 28, 2021 and November 22, 2021.
- This option is exercisable as to vested and unvested shares. The option was granted on August 29, 2017 and 1/48th of the shares subject to the option vest monthly.
- 25% of the shares subject to the option vested on February 19, 2021, and 1/48th of the shares subject to the option will vest monthly thereafter.
- On June 11 2020, the Reporting Person filed a Form 3 which inadvertently overreported the number of options under this option grant due to a typographical error. The aggregate number of options beneficially owned has been updated in this Form 4 to reflect the total number of options held by the Reporting Person following the transactions reported on this Form 4 and the Reporting Person's previously filed reports.
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