XML 47 R25.htm IDEA: XBRL DOCUMENT v3.25.4
Insider Trading Arrangements
 3 Months Ended
Dec. 31, 2025
shares
Trading Arrangements, by Individual  
Non-Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Terminated false
Stephen Hoge [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
Stephen Hoge, our President, has two different stock option awards that will reach their ten-year expiration on August 10, 2026, including an option to purchase 223,357 shares and another option to purchase 96,660 shares (the Hoge Expiring Options). On November 13, 2025, Dr. Hoge adopted a trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) (the Hoge 10b5-1 Plan). Between February 23, 2026 and August 10, 2026, the Hoge 10b5-1 Plan provides for the potential exercise of vested stock options and the associated sale of the Hoge Expiring Options, which represent up to 320,017 shares of the Company’s common stock in the aggregate. The Hoge 10b5-1 Plan expires on August 10, 2026, or upon the earlier completion of all authorized transactions under the plan.
Name Stephen Hoge
Title President
Rule 10b5-1 Arrangement Adopted true
Adoption Date November 13, 2025
Expiration Date August 10, 2026
Arrangement Duration 270 days
Aggregate Available 320,017
Termination of Trading Arrangement [Member] | Stephane Bancel [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement On November 23, 2025, Stéphane Bancel, our Chief Executive Officer, terminated a trading arrangement that was intended to satisfy the affirmative defense of Rule 10b5-1(c), which had been entered into on September 3, 2025, and was scheduled to commence as early as December 17, 2025, with a termination date of August 10, 2026. The plan provided for the potential sale of up to 1,439,788 shares of common stock. No shares of common stock were sold under the plan prior to its termination.
Name Stéphane Bancel
Title Chief Executive Officer
Rule 10b5-1 Arrangement Terminated true
Termination Date November 23, 2025
Aggregate Available 1,439,788
Adoption of Trading Arrangement [Member] | Stephane Bancel [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement Mr. Bancel has two different stock option awards that will reach their ten-year expiration on August 10, 2026, including an option to purchase 558,394 shares and another option to purchase 193,321 shares (the Bancel Expiring Options). Mr. Bancel intends to contribute all of the after-tax proceeds from the exercise and sale of the Bancel Expiring Options to charitable causes. On November 28, 2025, Mr. Bancel adopted a trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) (the Bancel 10b5-1 Plan). Between May 13,2026 and August 10, 2026, the Bancel 10b5-1 Plan provides for the potential exercise of vested stock options and the associated sale of the Bancel Expiring Options, which represent up to 751,715 shares of the Company’s common stock in the aggregate. The Bancel 10b5-1 Plan expires on August 10, 2026, or upon the earlier completion of all authorized transactions under the plan.
Name Mr. Bancel
Rule 10b5-1 Arrangement Adopted true
Adoption Date November 28, 2025
Expiration Date August 10, 2026
Arrangement Duration 255 days
Aggregate Available 751,715
Adoption of Trading Arrangement, Options 1 [Member] | Stephane Bancel [Member]  
Trading Arrangements, by Individual  
Aggregate Available 558,394
Adoption of Trading Arrangement, Options 1 [Member] | Stephen Hoge [Member]  
Trading Arrangements, by Individual  
Aggregate Available 223,357
Adoption of Trading Arrangement, Options 2 [Member] | Stephane Bancel [Member]  
Trading Arrangements, by Individual  
Aggregate Available 193,321
Adoption of Trading Arrangement, Options 2 [Member] | Stephen Hoge [Member]  
Trading Arrangements, by Individual  
Aggregate Available 96,660