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Insider Trading Arrangements | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 shares | Jun. 30, 2024 shares
Trading Arrangements, by Individual |  |
Material Terms of Trading Arrangement |  | During the period from April 1, 2024, to June 30, 2024, our executive officers and directors adopted or terminated contracts, instructions or written plans for the purchase or sale of our securities as noted below:
Name and Title |  | Action |  | Date |  | Trading Arrangement |  | Total Shares Authorized to be Sold*** |  | Expiration Date
|  |  | Rule 10b5-1* |  | Non-Rule 10b5-1** |  |
David Boyer |  | Adoption |  | 6/14/2024 |  | X |  |  |  | 23,327 |  |  | 2/15/2025
Chief Corporate Affairs Officer |  |  |  |  |  |  |  |  |  |  |  |
Kevin Gorman, Ph.D. |  | Adoption |  | 6/14/2024 |  | X |  |  |  | 252,427 |  |  | 2/04/2026
Chief Executive Officer |  |  |  |  |  |  |  |  |  |  |  |
William Rastetter, Ph.D. |  | Adoption |  | 6/14/2024 |  | X |  |  |  | 30,000 |  |  | 5/27/2025
Director |  |  |  |  |  |  |  |  |  |  |  |
______________ * Intended to satisfy the affirmative defense of Rule 10b5-1(c) ** Not intended to satisfy the affirmative defense of Rule 10b5-1(c) *** Represents the maximum number of shares that may be sold pursuant to the 10b5-1 arrangement. The number of shares sold is dependent on the satisfaction of certain conditions as set forth in the written plan and the satisfaction of applicable vesting conditions of equity awards. In addition, our executive officers have entered into sell-to-cover arrangements adopted pursuant to Rule 10b5-1 authorizing the pre-arranged sale of shares to satisfy tax withholding obligations of the Company arising exclusively from the vesting of time-vesting or performance-vesting restricted stock units and the related issuance of shares. The amount of shares to be sold to satisfy the Company’s tax withholding obligations under these arrangements is dependent on future events which cannot be known at this time, including the future trading price of Company shares. The expiration date relating to these arrangements is dependent on future events which cannot be known at this time, including the final vest date of the applicable time-vesting or performance-vesting restricted stock units and the officer’s termination of service.
Non-Rule 10b5-1 Arrangement Adopted | false |
Rule 10b5-1 Arrangement Terminated | false |
Non-Rule 10b5-1 Arrangement Terminated | false |
David Boyer [Member] |  |
Trading Arrangements, by Individual |  |
Name | David Boyer |
Title | Chief Corporate Affairs Officer |
Rule 10b5-1 Arrangement Adopted | true |
Adoption Date | 6/14/2024 |
Arrangement Duration | 246 days |
Aggregate Available | 23,327 | 23,327
Kevin Gorman, Ph.D. [Member] |  |
Trading Arrangements, by Individual |  |
Name | Kevin Gorman, Ph.D. |
Title | Chief Executive Officer |
Rule 10b5-1 Arrangement Adopted | true |
Adoption Date | 6/14/2024 |
Arrangement Duration | 600 days |
Aggregate Available | 252,427 | 252,427
William Rastetter, Ph.D. [Member] |  |
Trading Arrangements, by Individual |  |
Name | William Rastetter, Ph.D. |
Title | Director |
Rule 10b5-1 Arrangement Adopted | true |
Adoption Date | 6/14/2024 |
Arrangement Duration | 347 days |
Aggregate Available | 30,000 | 30,000

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