$ Value
$0
Shares
70,888
Price
$0
Filed
Aug 5
Insider
Name
Rickard Kathleen A.
Title
Chief Medical Officer
CIK
0001836883
Roles
Transaction Details
Transaction Date
2025-08-01
Code
M
Table
Non-Derivative
Ownership
Direct
Equity Swap
No
Shares After
2,665,808
Footnotes
Reported securities are represented by American Depositary Shares ("ADSs"), each of which represents eight (8) Ordinary Shares of the Issuer. | The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 instruction entered into on May 14, 2021, solely with the intent to cover taxes in connection with the vesting of Restricted Share Units ("RSUs"). | The price reported represents the sale price of the ADSs divided by eight (8). | Consists of (i) 647,480 Ordinary Shares underlying Restricted Share Units, each of which represents a contingent right to receive one (1) Ordinary Share of the Issuer (which are represented by 74,685 ADSs); and (ii) 1,959,988 Ordinary Shares underlying 251,249 ADSs. | Represents an award of performance-based RSUs covering ADSs, which is presented in terms of the equivalent number of Ordinary Shares underlying the ADSs. Each RSU represents a contingent right to receive one (1) ADS of the Issuer. Each ADS represents eight (8) Ordinary Shares of the Issuer. The RSUs have no expiration date. | The RSUs were earned upon the satisfaction of the performance condition in connection with the Issuer's first commercial sale of ensifentrine. Following the satisfaction of the performance condition, the RSUs vest in equal quarterly installments on each of May 1, 2025, August 1, 2025, November 1, 2025, February 1, 2026, May 1, 2026 and August 1, 2026 subject to the Reporting Person's continued service to the Issuer on each vesting date. | The RSUs were earned upon the determination by the Board of Directors of the Issuer (the "Determination Date") that certain performance metrics related to Q1 2025 had been achieved. The RSUs vested as to 34% of the total shares on the Determination Date, and vest as to the remainder of the shares in equal quarterly installments over a two year period on each of August 1, November 1, February 1 and May 1, subject to the Reporting Person's continued service to the Issuer on each vesting date.
Filing Info
Rickard Kathleen A.'s History
| Date | Ticker | Type | Value |
|---|---|---|---|
| 2025-10-07 | VRNA | D | — |
| 2025-10-07 | VRNA | M | — |
| 2025-10-07 | VRNA | D | — |
| 2025-10-07 | VRNA | M | — |
| 2025-10-07 | VRNA | M | — |
| 2025-10-07 | VRNA | M | — |
| 2025-10-07 | VRNA | A | — |
| 2025-10-07 | VRNA | M | — |
| 2025-10-07 | VRNA | D | — |
| 2025-10-07 | VRNA | D | — |
Other Insiders at VRNA (90d)
No other insider activity at this issuer in the last 90 days.