=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-02-27
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: Moderna, Inc. (MRNA)
CIK: 0001682852
--- Reporting Owner ---
Name: Mock James M
CIK: 0001736359
Role: Officer (Chief Financial Officer)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-02-27 | Code: M (Exercise of derivative)
Shares: +329
Shares Owned After: 45,553 | Ownership: D (Direct)
Footnotes:
[F1] Restricted stock units convert into common stock on a one-for-one basis.
[F1] Restricted stock units convert into common stock on a one-for-one basis.
[Transaction #2]
Security: Common Stock
Date: 2026-02-27 | Code: F (Payment of exercise/tax)
Shares: -160 | Price: $51.71
Total Value: $8,273.60
Shares Owned After: 45,393 | Ownership: D (Direct)
Footnotes:
[F2] Represents shares withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the vest of restricted stock units.
[Transaction #3]
Security: Common Stock
Date: 2026-02-27 | Code: M (Exercise of derivative)
Shares: +774
Shares Owned After: 46,167 | Ownership: D (Direct)
Footnotes:
[F1] Restricted stock units convert into common stock on a one-for-one basis.
[F1] Restricted stock units convert into common stock on a one-for-one basis.
[Transaction #4]
Security: Common Stock
Date: 2026-02-27 | Code: F (Payment of exercise/tax)
Shares: -375 | Price: $51.71
Total Value: $19,391.25
Shares Owned After: 45,792 | Ownership: D (Direct)
Footnotes:
[F2] Represents shares withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the vest of restricted stock units.
[Transaction #5]
Security: Common Stock
Date: 2026-02-27 | Code: M (Exercise of derivative)
Shares: +9,901
Shares Owned After: 55,693 | Ownership: D (Direct)
Footnotes:
[F1] Restricted stock units convert into common stock on a one-for-one basis.
[F1] Restricted stock units convert into common stock on a one-for-one basis.
[Transaction #6]
Security: Common Stock
Date: 2026-02-27 | Code: F (Payment of exercise/tax)
Shares: -4,788 | Price: $51.71
Total Value: $247,587.48
Shares Owned After: 50,905 | Ownership: D (Direct)
Footnotes:
[F2] Represents shares withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the vest of restricted stock units.
--- Derivative Transactions ---
[Transaction #1]
Security: Restricted Stock Units
Date: 2026-02-27 | Code: M (Exercise of derivative)
Shares: -329 | Price: $0.00
Shares Owned After: 1,315 | Ownership: D (Direct)
Footnotes:
[F1] Restricted stock units convert into common stock on a one-for-one basis.
[F1] Restricted stock units convert into common stock on a one-for-one basis.
[F3] 25% of the shares subject to this restricted stock unit award vested on February 28, 2024 with the remainder vesting in twelve (12) equal quarterly installments thereafter.
[F3] 25% of the shares subject to this restricted stock unit award vested on February 28, 2024 with the remainder vesting in twelve (12) equal quarterly installments thereafter.
[Transaction #2]
Security: Restricted Stock Units
Date: 2026-02-27 | Code: M (Exercise of derivative)
Shares: -774 | Price: $0.00
Shares Owned After: 6,189 | Ownership: D (Direct)
Footnotes:
[F1] Restricted stock units convert into common stock on a one-for-one basis.
[F1] Restricted stock units convert into common stock on a one-for-one basis.
[F4] 25% of the shares subject to this restricted stock unit award vested on February 27, 2025 with the remainder vesting in twelve (12) equal quarterly installments thereafter.
[F4] 25% of the shares subject to this restricted stock unit award vested on February 27, 2025 with the remainder vesting in twelve (12) equal quarterly installments thereafter.
[Transaction #3]
Security: Restricted Stock Units
Date: 2026-02-27 | Code: M (Exercise of derivative)
Shares: -9,901 | Price: $0.00
Shares Owned After: 29,705 | Ownership: D (Direct)
Footnotes:
[F1] Restricted stock units convert into common stock on a one-for-one basis.
[F1] Restricted stock units convert into common stock on a one-for-one basis.
[F5] 25% of the shares subject to this restricted stock unit award vested on March 1, 2026 with the remainder vesting in twelve (12) equal quarterly installments thereafter.
[F5] 25% of the shares subject to this restricted stock unit award vested on March 1, 2026 with the remainder vesting in twelve (12) equal quarterly installments thereafter.
[Transaction #4]
Security: Stock Option (Right to Buy)
Date: 2026-03-01 | Code: A (Grant or award)
Shares: +37,639 | Price: $0.00
Exercisable: N/A | Expires: 2036-03-01
Shares Owned After: 37,639 | Ownership: D (Direct)
Footnotes:
[F6] 25% of this option will vest and become exercisable on March 1, 2027 with the remainder vesting in twelve (12) equal quarterly installments thereafter.
[Transaction #5]
Security: Restricted Stock Units
Date: 2026-03-01 | Code: A (Grant or award)
Shares: +49,569 | Price: $0.00
Shares Owned After: 49,569 | Ownership: D (Direct)
Footnotes:
[F1] Restricted stock units convert into common stock on a one-for-one basis.
[F7] 25% of the shares subject to this restricted stock unit award will vest on March 1, 2027 with the remainder vesting in twelve (12) equal quarterly installments thereafter.
[F7] 25% of the shares subject to this restricted stock unit award will vest on March 1, 2027 with the remainder vesting in twelve (12) equal quarterly installments thereafter.
--- Footnotes (Complete Index) ---
F1: Restricted stock units convert into common stock on a one-for-one basis.
F2: Represents shares withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the vest of restricted stock units.
F3: 25% of the shares subject to this restricted stock unit award vested on February 28, 2024 with the remainder vesting in twelve (12) equal quarterly installments thereafter.
F4: 25% of the shares subject to this restricted stock unit award vested on February 27, 2025 with the remainder vesting in twelve (12) equal quarterly installments thereafter.
F5: 25% of the shares subject to this restricted stock unit award vested on March 1, 2026 with the remainder vesting in twelve (12) equal quarterly installments thereafter.
F6: 25% of this option will vest and become exercisable on March 1, 2027 with the remainder vesting in twelve (12) equal quarterly installments thereafter.
F7: 25% of the shares subject to this restricted stock unit award will vest on March 1, 2027 with the remainder vesting in twelve (12) equal quarterly installments thereafter.
--- Signature ---
/s/ /s/ James Dillon, As Attorney-in-Fact (2026-03-03)
