---
schema_version: "secwatch.filing_event.v1"
accession: "0001682852-23-000049"
form_type: "8-K"
ticker: "MRNA"
cik: "0001682852"
company_name: "Moderna, Inc."
filed_at: "2023-12-12T23:59:59+00:00"
generated_at: "2026-06-07T14:16:56.631474+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Moderna CCO Arpa Garay departs; CEO & President to oversee commercial org

## Summary
- Arpa Garay no longer serves as Chief Commercial Officer effective Dec 8, 2023.
- Commercial organization will be overseen by CEO Stéphane Bancel and President Stephen Hoge.
- Garay to remain as employee through June 2024 in advisory capacity for transition.
- Severance includes 12 months salary ($850,000), target bonus ($765,000), and COBRA.
- Accelerated vesting of 15% of unvested time-based equity awards, plus 12-month option exercise window.

## SEC filing metadata
- accession: 0001682852-23-000049
- form_type: 8-K
- ticker: MRNA
- cik: 0001682852
- company_name: Moderna, Inc.
- filed_at: 2023-12-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1682852/000168285223000049/0001682852-23-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1682852/000168285223000049/mrna-20231208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001682852-23-000049
- JSON: https://secwatch.observer/filing/0001682852-23-000049.json
- Plain text: https://secwatch.observer/filing/0001682852-23-000049.txt

## Key facts
- Executive change
  Arpa Garay departed as Chief Commercial Officer at Moderna, Inc..
  - Action: departing
  - Role: Chief Commercial Officer
  source text: Arpa Garay, the Company’s Chief Commercial Officer, will be departing the Company, and that effective as of December 8, 2023, Ms. Garay will no longer serve in that role or as an executive officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682852/000168285223000049/0001682852-23-000049-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.