Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, Moderna, Inc. insiders sold a net $72.4M of stock across 1,466 Form 4 purchases and sales, with no insider buying. Source: SEC Form 4 filings, as of 2026-10-27.
240 earlier Form 4 trades (code P or S) here by this insider (240 sales), the last on Sep 14, 2026.
The trade is 2.6% of the 1,562,029 shares held after it.
2 other insiders sold within 30 days.
404 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: President Hoge Stephen sold about $5.9M of MRNA under a 10b5-1 plan on Sep 15, 2026; 2 other insiders sold within 30 days and 404 funds added in the latest 13F quarter.
239 earlier Form 4 trades (code P or S) here by this insider (239 sales), the last on Jul 15, 2026.
The trade is 2.6% of the 1,525,858 shares held after it.
2 other insiders sold within 30 days.
404 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: President Hoge Stephen sold about $5.8M of MRNA under a 10b5-1 plan on Sep 14, 2026; 2 other insiders sold within 30 days and 404 funds added in the latest 13F quarter.
1,466 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Nobody has filed for crossing 5%. That is a fact, not missing data.
MRNA planned insider sales (Form 144)
Notice of intent to sell, filed before any sale
Hoge Stephen
Filed 2026-10-15
$8.6M
Hoge Stephen
Filed 2026-10-14
$8.4M
Hoge Stephen
Filed 2026-09-15
$5.9M
Hoge Stephen
Filed 2026-09-14
$5.8M
Mock James M
Filed 2026-09-10
$4.7M
MRNA mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
REX IncomeMax Option Strategy ETF
$1.9M position · as of 2026-06-30
4.8%
iShares Genomics Immunology and Healthcare ETF
$8.0M position · as of 2026-07-31
4.2%
Adaptiv Select ETF
$6.2M position · as of 2026-07-31
3.5%
VanEck Biotech ETF
$13.3M position · as of 2026-06-30
3.4%
Global X Genomics & Biotechnology ETF
$1.8M position · as of 2026-05-31
3.3%
iShares Health Innovation Active ETF
$326.1K position · as of 2026-07-31
2.9%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Executive pay vs shareholder return · Mr. Bancel
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2025
$19.9M
$15.8M
$9.8M
-72%
+20%
2024
$19.9M
$5.8M
$14.6M
-60%
-9%
2023
$17.1M
-$155.6M
$5.1M
-5%
-8%
2022
$19.4M
-$306.2M
$5.8M
+72%
-11%
2021
$18.2M
$793.0M
$8.3M
+143%
-1%
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders have filed to sell, before selling.
The record shows a net $72.4M sold by insiders over 180 days, 404 funds added last quarter, 1 House member(s) bought in 12 months, disclosed weeks after the trade, $62.8M in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
TTM operating cash flow over long-term debt only, 2026-06-30
Cash flow to debt MRNA
FY Dec 2025
-3.17x
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
-1.82x
Mar 2026
-2.48x
Dec 2025
-3.17x
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
-39.0%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity MRNA
FY Dec 2025
-28.9%
FY Dec 2024
-28.8%
FY Dec 2023
-28.6%
FY Dec 2022
+50.3%
FY Dec 2021
+146.1%
Jun 2026
-39.0%
Mar 2026
-36.6%
Dec 2025
-28.9%
Sep 2025
-29.3%
Jun 2025
-27.5%
Mar 2025
-29.3%
Dec 2024
-28.8%
Sep 2024
-17.5%
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
-27.4%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets MRNA
FY Dec 2025
-21.3%
FY Dec 2024
-21.9%
FY Dec 2023
-21.3%
FY Dec 2022
+33.1%
FY Dec 2021
+76.2%
Jun 2026
-27.4%
Mar 2026
-26.4%
Dec 2025
-21.3%
Sep 2025
-22.3%
Jun 2025
-21.0%
Mar 2025
-22.8%
Dec 2024
-21.9%
Sep 2024
-12.6%
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
n/a
pre-tax loss, no effective tax rate to apply
Return on invested capital MRNA
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
-35.2%
operating income (EBIT proxy) over average of 2025-06-30 and 2026-06-30 minus current liabilities
Return on capital employed MRNA
FY Dec 2025
-27.6%
FY Dec 2024
-28.9%
FY Dec 2023
-23.3%
FY Dec 2022
+51.7%
FY Dec 2021
+143.8%
Jun 2026
-35.2%
Mar 2026
-33.8%
Dec 2025
-27.6%
Sep 2025
-28.8%
Jun 2025
-27.6%
Mar 2025
-29.3%
Dec 2024
-28.9%
Sep 2024
-18.8%
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
P/E, trailing MRNA
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
8.98x
FY Dec 2021
8.98x
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$78.8B
market value at close 2026-10-23 on 2026-07-24 shares, plus long-term debt only, 2026-06-30, minus cash 2026-06-30
Enterprise value MRNA
FY Dec 2025
$9.5B
FY Dec 2024
$14.1B
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
$26.7B
Mar 2026
$18.7B
Dec 2025
$9.5B
Sep 2025
$8.9B
Jun 2025
$9.4B
Mar 2025
$9.3B
Dec 2024
$14.1B
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
-1.6%
TTM free cash flow over market value at close 2026-10-23
FCF yield MRNA
FY Dec 2025
-17.9%
FY Dec 2024
-25.3%
FY Dec 2023
-10.1%
FY Dec 2022
+6.6%
FY Dec 2021
+13.0%
Jun 2026
-4.5%
Mar 2026
-8.0%
Dec 2025
-17.9%
Sep 2025
-26.4%
Jun 2025
-32.7%
Mar 2025
-36.8%
Dec 2024
-25.3%
Sep 2024
-15.4%
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
PEG, trailing MRNA
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-23. Hover or tap a tile for its yearly and quarterly history.Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
MRNA ranks highest on institutional and government (68th percentile) and profitability (63rd), and lowest on insider conviction (3rd), among Pharma & Biotech peers.
Profitability
63
Inputs
Return on equity-39.0% · 61 pct, sector of 545
Return on assets-27.4% · 62 pct, sector of 691
Return on invested capitalpre-tax loss, no effective tax rate to apply
Return on capital employed-35.2% · 65 pct, sector of 576
Financial health
51
Inputs
Debt to equity0.09x · 56 pct, sector of 352
Cash flow to debt-1.82x · 46 pct, sector of 371
Growth
16
Inputs
Revenue growth, YoY-39.9% · 23 pct, sector of 505
Backlog growth, YoY-65.0% · 8 pct, sector of 40
Insider conviction
3
Inputs
Net Form 4 buying (codes P and S), 180d-$38.5M · 5 pct, sector of 428
Insider buyers, 180d0 · 0 pct, sector of 437
Institutional and government
68
Inputs
Funds adding, latest quarter404 · 97 pct, sector of 698
Congress net buyers, 365d0 · 33 pct, sector of 49
Federal contracts, 180dno federal contracts in 180 days
Lobbying spend, 4 quarters$1.2M · 73 pct, sector of 133
Risk and compliance
33
Inputs
Short interest, % of float+8.3% · 45 pct, sector of 813
Recalls per $1B revenue, 3ynot measured for this sector, almost no peer has an event
EPA cases per $1B revenue, 5ynot measured for this sector, almost no peer has an event
New text in Risk Factors, latest 10-K+18.2% · 22 pct, sector of 511
1 not measured: US patents
US patents needs 1 of 2 inputs, 0 present: patent data not loaded yet
6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
MRNA filings, in plain words
Are Moderna insiders buying or selling MRNA?
In the 180 days to 2026-10-27, Moderna insiders were net sellers, a net $72.4M across purchases and sales reported on Form 4, by 6 sellers.
Have members of Congress traded MRNA?
Yes. In the year to 2026-10-27, 1 House member disclosed buying MRNA and 1 House member disclosed selling it; the latest on record is a sale by Maria Elvira Salazar dated 2026-09-24.
Are there planned insider sales of MRNA?
Yes. 7 Form 144 notices of planned insider sales were filed in the 90 days to 2026-10-27, covering $62.8M of stock; the latest, by Hoge Stephen, was filed 2026-10-15.
Read the full summary
In the 180 days to 2026-10-27, Moderna insiders were net sellers of MRNA, a net $72.4M across purchases and sales reported on Form 4 by 6 sellers. 44% of the 18 insider sales were made under a Rule 10b5-1 plan; the rest were not flagged as planned. In the year to 2026-10-27, 1 member of Congress disclosed buying MRNA and 1 member disclosed selling it; the latest on record is a sale by Maria Elvira Salazar dated 2026-09-24. Insiders filed 7 Form 144 notices of intent to sell in the 90 days to 2026-10-27, covering $62.8M of stock. Each figure is counted from SEC and House filings as of 2026-10-27, dated the day the filing was made public.
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