Moderna, Inc. — Director's Dealing 2020

May 14, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Moderna, Inc. (MRNA)
CIK: 0001682852
Period of Report: 2020-05-12

Reporting Person: Hoge Stephen (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-12	Common Stock	S	883	$62.68	Disposed	2015657	Direct
2020-05-12	Common Stock	S	900	$64.16	Disposed	2014757	Direct
2020-05-12	Common Stock	S	2382	$64.82	Disposed	2012375	Direct
2020-05-12	Common Stock	S	735	$65.80	Disposed	2011640	Direct
2020-05-12	Common Stock	S	100	$66.69	Disposed	2011540	Direct
2020-05-13	Common Stock	S	200	$60.77	Disposed	2011340	Direct
2020-05-13	Common Stock	S	726	$62.94	Disposed	2010614	Direct
2020-05-13	Common Stock	S	1674	$65.28	Disposed	2008940	Direct
2020-05-13	Common Stock	S	1700	$64.46	Disposed	2007240	Direct
2020-05-13	Common Stock	S	700	$66.26	Disposed	2006540	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4116	Indirect

Footnotes

F1: This sale was effected pursuant to a Rule 10b5-1 trading plan.

F2: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $62.25 to $63.25. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.

F3: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $63.51 to $64.48. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.

F4: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $64.56 to $65.36. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.

F5: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $65.65 to $66.38. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.

F6: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $60.71 to $60.83. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.

F7: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $63.78 to $64.78. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.

F8: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $64.84 to $65.81. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.

F9: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $64.43 to $65.38. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.

F10: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $65.96 to $66.59. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.