Moderna President Hoge sold 53,336 shares ($2.7M) on 2026-06-15 via pre-arranged 10b5-1 plan; stock up 28.5% in 30 days post-sale.
Stephen Hoge, Moderna's President, sold 53,336 shares at $51.37 on 2026-06-15, reducing non-derivative holdings to 1,483,848 shares (a -3.5% reduction from 1,537,184 shares). This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2025-11-13, making it a scheduled divestment rather than a discretionary trade. Since the sale, MRNA has risen +28.5% over 30 days, trading at $61.80 (within 0.8% of its 52-week high of $62.30). Notably, Hoge's prior open-market trades across all tickers show a cross-ticker track record averaging -2.4% return 90 days after sells, and his MRNA-specific history includes five prior sales with mixed results, most recently a May 2026 sale that saw +3.1% gains in the following 30 days. The company's fundamentals remain challenged: Moderna generated revenue of $389,000,000.00 in the latest quarter but posted a net loss of $-1,343,000,000.00 for the full fiscal year, with annual revenue declining -39.9% year-over-year. The insider retains substantial derivative holdings (53,336 shares via stock options), meaning his overall economic exposure to MRNA remains material despite this partial non-derivative sale.