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STOCK TITAN

[Form 4] Wave Life Sciences Ltd. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Wave Life Sciences Ltd. (WVE) Director Aik Na Tan reported equity awards on 08/11/2025 under the company’s 2025 Non-Employee Director Compensation Policy. The filing shows a grant of 25,400 restricted share units (RSUs) that vest 50% on the earlier of the 2026 annual general meeting or August 11, 2026 and 50% on the earlier of the 2027 annual general meeting or August 11, 2027. The reporting person was also granted a share option for 152,400 ordinary shares with an exercise price of $8.105, vesting 12.5% quarterly beginning August 11, 2025 over two years and expiring on 08/11/2030. After these reported transactions the form lists 40,388 ordinary shares and 152,400 derivative securities beneficially owned by the reporting person.

Wave Life Sciences Ltd. (WVE): il direttore Aik Na Tan ha comunicato l'assegnazione di strumenti azionari il 11 agosto 2025 ai sensi della 2025 Non-Employee Director Compensation Policy della società. La segnalazione riporta una concessione di 25.400 restricted share units (RSU), di cui il 50% matura alla prima tra l'assemblea annuale 2026 o il 11 agosto 2026 e il restante 50% alla prima tra l'assemblea annuale 2027 o il 11 agosto 2027. Al reporting è stata inoltre concessa un'opzione su 152.400 azioni ordinarie con prezzo di esercizio di $8.105, che matura del 12,5% ogni trimestre a partire dall'11 agosto 2025 per due anni e scade il 11 agosto 2030. Dopo queste operazioni il modulo indica che la persona segnalante detiene beneficiariamente 40.388 azioni ordinarie e 152.400 strumenti derivati.

Wave Life Sciences Ltd. (WVE): el director Aik Na Tan notificó adjudicaciones de capital el 11 de agosto de 2025 en virtud de la 2025 Non-Employee Director Compensation Policy de la compañía. La presentación muestra la concesión de 25.400 restricted share units (RSU) que se devengan en un 50% en la primera de la junta general anual 2026 o el 11 de agosto de 2026, y el 50% restante en la primera de la junta general anual 2027 o el 11 de agosto de 2027. Además se le concedió una opción sobre 152.400 acciones ordinarias con precio de ejercicio de $8.105, que se devenga un 12,5% trimestralmente a partir del 11 de agosto de 2025 durante dos años y expira el 11 de agosto de 2030. Tras estas operaciones, el formulario registra que la persona notificante posee a título beneficiario 40.388 acciones ordinarias y 152.400 valores derivados.

Wave Life Sciences Ltd. (WVE)� 이사 Aik Na Tan은 회사� 2025 Non-Employee Director Compensation Policy� 따라 2025� 8� 11�� 지� 보상 내역� 보고했습니다. 제출 서류� 따르� 25,400개의 제한부 주식 단위(RSU)가 부여되었으�, 그중 50%� 2026� 연례 주주총회 또는 2026� 8� 11� � 빠른 시점�, 나머지 50%� 2027� 연례 주주총회 또는 2027� 8� 11� � 빠른 시점� 각각 확정됩니�. 보고자에게는 또한 행사가격이 $8.105152,400� 보통주에 대� 주식옵션� 부여되었으�, � 옵션은 2025� 8� 11일부� 분기별로 12.5%� 2� 동안 가속적으로 베스팅되�, 2030� 8� 11�� 만료됩니�. � 거래� 이후 제출서류� 보고자가 40,388� 보통�152,400개의 파생증권� 실질 보유하고 있음� 기재하고 있습니다.

Wave Life Sciences Ltd. (WVE) : l'administrateur Aik Na Tan a déclaré des attributions de titres le 11 août 2025 en vertu de la 2025 Non-Employee Director Compensation Policy de la société. Le dépôt indique l'octroi de 25 400 restricted share units (RSU), dont 50 % sont acquises à la première échéance entre l'assemblée générale 2026 et le 11 août 2026, et les 50 % restants à la première échéance entre l'assemblée générale 2027 et le 11 août 2027. La personne déclarée s'est également vu accorder une option portant sur 152 400 actions ordinaires au prix d'exercice de $8.105, acquérant 12,5 % chaque trimestre à compter du 11 août 2025 pendant deux ans et expirant le 11 août 2030. Après ces opérations, le formulaire indique que la personne déclarante détient à titre bénéficiaire 40 388 actions ordinaires et 152 400 instruments dérivés.

Wave Life Sciences Ltd. (WVE): Direktor Aik Na Tan meldete Aktienzuwendungen am 11. August 2025 im Rahmen der 2025 Non-Employee Director Compensation Policy des Unternehmens. Die Einreichung weist die Gewährung von 25.400 Restricted Share Units (RSU) aus, von denen 50% bei der früheren von der Hauptversammlung 2026 oder dem 11. August 2026 und die restlichen 50% bei der früheren von der Hauptversammlung 2027 oder dem 11. August 2027 fällig werden. Dem Meldenden wurde außerdem eine Option auf 152.400 Stück Stammaktien mit einem Ausübungspreis von $8.105 gewährt, die ab dem 11. August 2025 vierteljährlich zu je 12,5% über zwei Jahre vestet und am 11. August 2030 verfällt. Nach diesen gemeldeten Transaktionen listet das Formular 40.388 Stammaktien und 152.400 derivative Wertpapiere als wirtschaftliches Eigentum der meldenden Person.

Positive
  • Equity-based compensation aligns the director’s interests with long-term shareholders via RSUs and options
  • Clear vesting schedules (50%/50% for RSUs; 12.5% quarterly for options) support retention and transparency
Negative
  • Potential dilution of up to 177,800 shares if the 25,400 RSUs vest and 152,400 options are exercised
  • RSUs granted at $0.00 increase outstanding share count without cash proceeds to the company

Insights

TL;DR: Routine director compensation disclosed: RSUs plus options create retention incentives without immediate cash transfer.

The Form 4 documents a standard non-employee director award: 25,400 RSUs and a 152,400-share option at an $8.105 exercise price. Vesting schedules are time-based and staggered, aligning the director’s interests with long-term shareholder value while delaying potential dilution until vesting/exercise. The expiration date of 08/11/2030 gives multi-year optionality. From a market-impact perspective, this filing is routine and informational for governance and share-capital monitoring.

TL;DR: Compensation follows disclosed policy; vesting structure supports retention but increases potential outstanding shares.

The awards were granted pursuant to the company’s 2025 Non-Employee Director Compensation Policy, with explicit vesting terms: RSUs vest in two equal installments tied to AGMs or calendar dates, and options vest quarterly at 12.5% increments over two years. These features indicate a focus on retention and alignment. The filing clearly discloses quantities, exercise price, vesting cadence, and expiration, meeting standard disclosure expectations for insider transactions.

Wave Life Sciences Ltd. (WVE): il direttore Aik Na Tan ha comunicato l'assegnazione di strumenti azionari il 11 agosto 2025 ai sensi della 2025 Non-Employee Director Compensation Policy della società. La segnalazione riporta una concessione di 25.400 restricted share units (RSU), di cui il 50% matura alla prima tra l'assemblea annuale 2026 o il 11 agosto 2026 e il restante 50% alla prima tra l'assemblea annuale 2027 o il 11 agosto 2027. Al reporting è stata inoltre concessa un'opzione su 152.400 azioni ordinarie con prezzo di esercizio di $8.105, che matura del 12,5% ogni trimestre a partire dall'11 agosto 2025 per due anni e scade il 11 agosto 2030. Dopo queste operazioni il modulo indica che la persona segnalante detiene beneficiariamente 40.388 azioni ordinarie e 152.400 strumenti derivati.

Wave Life Sciences Ltd. (WVE): el director Aik Na Tan notificó adjudicaciones de capital el 11 de agosto de 2025 en virtud de la 2025 Non-Employee Director Compensation Policy de la compañía. La presentación muestra la concesión de 25.400 restricted share units (RSU) que se devengan en un 50% en la primera de la junta general anual 2026 o el 11 de agosto de 2026, y el 50% restante en la primera de la junta general anual 2027 o el 11 de agosto de 2027. Además se le concedió una opción sobre 152.400 acciones ordinarias con precio de ejercicio de $8.105, que se devenga un 12,5% trimestralmente a partir del 11 de agosto de 2025 durante dos años y expira el 11 de agosto de 2030. Tras estas operaciones, el formulario registra que la persona notificante posee a título beneficiario 40.388 acciones ordinarias y 152.400 valores derivados.

Wave Life Sciences Ltd. (WVE)� 이사 Aik Na Tan은 회사� 2025 Non-Employee Director Compensation Policy� 따라 2025� 8� 11�� 지� 보상 내역� 보고했습니다. 제출 서류� 따르� 25,400개의 제한부 주식 단위(RSU)가 부여되었으�, 그중 50%� 2026� 연례 주주총회 또는 2026� 8� 11� � 빠른 시점�, 나머지 50%� 2027� 연례 주주총회 또는 2027� 8� 11� � 빠른 시점� 각각 확정됩니�. 보고자에게는 또한 행사가격이 $8.105152,400� 보통주에 대� 주식옵션� 부여되었으�, � 옵션은 2025� 8� 11일부� 분기별로 12.5%� 2� 동안 가속적으로 베스팅되�, 2030� 8� 11�� 만료됩니�. � 거래� 이후 제출서류� 보고자가 40,388� 보통�152,400개의 파생증권� 실질 보유하고 있음� 기재하고 있습니다.

Wave Life Sciences Ltd. (WVE) : l'administrateur Aik Na Tan a déclaré des attributions de titres le 11 août 2025 en vertu de la 2025 Non-Employee Director Compensation Policy de la société. Le dépôt indique l'octroi de 25 400 restricted share units (RSU), dont 50 % sont acquises à la première échéance entre l'assemblée générale 2026 et le 11 août 2026, et les 50 % restants à la première échéance entre l'assemblée générale 2027 et le 11 août 2027. La personne déclarée s'est également vu accorder une option portant sur 152 400 actions ordinaires au prix d'exercice de $8.105, acquérant 12,5 % chaque trimestre à compter du 11 août 2025 pendant deux ans et expirant le 11 août 2030. Après ces opérations, le formulaire indique que la personne déclarante détient à titre bénéficiaire 40 388 actions ordinaires et 152 400 instruments dérivés.

Wave Life Sciences Ltd. (WVE): Direktor Aik Na Tan meldete Aktienzuwendungen am 11. August 2025 im Rahmen der 2025 Non-Employee Director Compensation Policy des Unternehmens. Die Einreichung weist die Gewährung von 25.400 Restricted Share Units (RSU) aus, von denen 50% bei der früheren von der Hauptversammlung 2026 oder dem 11. August 2026 und die restlichen 50% bei der früheren von der Hauptversammlung 2027 oder dem 11. August 2027 fällig werden. Dem Meldenden wurde außerdem eine Option auf 152.400 Stück Stammaktien mit einem Ausübungspreis von $8.105 gewährt, die ab dem 11. August 2025 vierteljährlich zu je 12,5% über zwei Jahre vestet und am 11. August 2030 verfällt. Nach diesen gemeldeten Transaktionen listet das Formular 40.388 Stammaktien und 152.400 derivative Wertpapiere als wirtschaftliches Eigentum der meldenden Person.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Tan Aik Na

(Last) (First) (Middle)
C/O WAVE LIFE SCIENCES LTD.,
733 CONCORD AVE.

(Street)
CAMBRIDGE MA 02138

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Wave Life Sciences Ltd. [ WVE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares 08/11/2025 A 25,400(1) A $0.00 40,388 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Share Option (right to buy) $8.105 08/11/2025 A 152,400 (2) 08/11/2030 Ordinary Shares 152,400 $0.00 152,400 D
Explanation of Responses:
1. The reporting person was granted this restricted share unit award (RSU) pursuant to the 2025 Non-Employee Director Compensation Policy. The RSU vests as to 50% on each of (i) the earlier of the Company's 2026 annual general meeting or August 11, 2026; and (ii) the earlier of the Company's 2027 annual general meeting or August 11, 2027.
2. The reporting person was granted this option pursuant to the 2025 Non-Employee Director Compensation Policy. The option vests as to 12.5% on a quarterly basis beginning August 11, 2025, through the two-year period following the grant date.
/s/ Aik Na Tan 08/13/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Wave Life (WVE) director Aik Na Tan receive on 08/11/2025?

The reporting person was granted 25,400 RSUs and a 152,400-share option on 08/11/2025 under the 2025 Non-Employee Director Compensation Policy.

What is the exercise price and expiration for the options reported by WVE?

The option has an exercise price of $8.105 and an expiration date of 08/11/2030.

How do the RSUs vest for Aik Na Tan at Wave Life (WVE)?

The RSUs vest 50% on the earlier of the 2026 AGM or 08/11/2026 and 50% on the earlier of the 2027 AGM or 08/11/2027.

What is the vesting schedule for the options disclosed in the WVE Form 4?

The option vests 12.5% quarterly beginning 08/11/2025 through the two-year period following the grant date.

How many shares does the reporting person beneficially own after the reported transactions?

After the reported transactions the Form 4 lists 40,388 ordinary shares and 152,400 derivative securities beneficially owned by the reporting person.
Wave Life Scienc

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