SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
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RAPID MICRO BIOSYSTEMS, INC. (Name of Issuer) |
Class A Common Stock, $0.01 par value per share (Title of Class of Securities) |
75340L104 (CUSIP Number) |
Robert G. Spignesi, Jr. Rapid Micro Biosystems, Inc., 25 Hartwell Avenue Lexington, MA, 02421 978-349-3200 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
03/28/2024 (Date of Event Which Requires Filing of This Statement) |
SCHEDULE 13D
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CUSIP No. | 75340L104 |
1 |
Name of reporting person
SPIGNESI ROBERT G JR | ||||||||
2 | Check the appropriate box if a member of a Group (See Instructions)
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3 | SEC use only | ||||||||
4 |
Source of funds (See Instructions)
PF | ||||||||
5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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6 | Citizenship or place of organization
UNITED STATES
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Number of Shares Beneficially Owned by Each Reporting Person With: |
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11 | Aggregate amount beneficially owned by each reporting person
2,647,256.00 | ||||||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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13 | Percent of class represented by amount in Row (11)
6.3 % | ||||||||
14 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13D
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Item 1. | Security and Issuer |
(a) | Title of Class of Securities:
Class A Common Stock, $0.01 par value per share |
(b) | Name of Issuer:
RAPID MICRO BIOSYSTEMS, INC. |
(c) | Address of Issuer's Principal Executive Offices:
25 Hartwell Avenue, Lexington,
MASSACHUSETTS
, 02421. |
Item 2. | Identity and Background |
(a) | This Schedule 13D is being filed by Robert G. Spignesi Jr. (the "Reporting Person"). |
(b) | The principal business address of the Reporting Person is 25 Hartwell Avenue, Lexington, MA 02421. |
(c) | The Reporting Person is President and Chief Executive Officer and a member of the Board of Directors of the Issuer. |
(d) | During the last five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). |
(e) | During the last five years, the Reporting Person has not been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. |
(f) | The Reporting Person is a citizen of the United States. |
Item 3. | Source and Amount of Funds or Other Consideration |
The information set forth or incorporated by reference in Item 6 of this Statement is incorporated by reference into this Item 3.
The 493,931 shares of Class A Common Stock held directly by the Reporting Person were purchased for an aggregate of $346,555 (excluding commissions and other execution-related costs) using personal funds. | |
Item 4. | Purpose of Transaction |
The information set forth or incorporated by reference in Items 3 and 6 of this Statement is incorporated by reference into this Item 4.
The Reporting Person intends to continuously review his investment in the Issuer and may in the future determine (1) to acquire additional securities of the Issuer, through open market purchases, private agreements or otherwise, (2) to dispose of all or a portion of the securities of the Issuer owned by him or (3) to take any other available course of action. Notwithstanding anything contained herein, the Reporting Person specifically reserves the right to change his intention with respect to any or all of such matters. In reaching any decision as to his course of action (as well as to the specific elements thereof), the Reporting Person currently expects that he would take into consideration a variety of factors, including, but not limited to, the following: the Issuer's business and prospects; other developments concerning the Issuer and its business generally; other business opportunities available to the Reporting Person; developments with respect to the business of the Reporting Person; changes in law and government regulations; general economic conditions; and money and stock market conditions, including the market price of the securities of the Issuer.
The Reporting Person is President and Chief Executive Officer and a member of the Board of Directors of the Issuer and, accordingly, in such capacity, may have influence over the corporate activities of the Issuer, including activities which may relate to items described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. Subject to the Issuer's Insider Trading Policy, the Reporting Person may from time to time buy or sell securities of the Issuer as appropriate for his personal circumstances. | |
Item 5. | Interest in Securities of the Issuer |
(a) | The information set forth in rows 7 through 13 of the cover page to this Schedule 13D is incorporated by reference.
The Reporting Person beneficially owns an aggregate of 2,647,256 shares of Class A Common Stock, which consists of (i) 493,931 shares of Class A Common Stock held directly by the Reporting Person, (ii) 10 shares of Class A Common Stock issuable to the Reporting Person upon exercise of warrants exercisable within 60 days of this Statement and (iii) 2,153,315 shares of Class A Common Stock issuable to the Reporting Person upon exercise of stock options exercisable within 60 days of this Statement. The foregoing excludes 1,197,990 shares of Class A Common Stock underlying equity awards that are currently unvested and are not substantially certain to vest within 60 days of this statement. |
(b) | The 2,647,256 shares of Class A Common Stock beneficially owned by the Reporting Person represents approximately 6.3% of the outstanding shares of Class A Common Stock. The percent of class was calculated based on (i) 39,710,799 shares of Class A Common Stock outstanding, as reported by the Issuer to the Reporting Person, plus (ii) 2,163,315 shares of Class A Common Stock underlying stock options and/or warrants held by the Reporting Person that are exercisable within 60 days, which are deemed outstanding pursuant to SEC Rule 13-3(d)(1)(i). |
(c) | Between July 8, 2025 and July 14, 2025, the Reporting Person acquired an aggregate of 125,722 shares of Class A Common Stock upon satisfaction of performance criteria underlying previously granted restricted stock units ("RSUs") subject to performance-based vesting conditions.
In connection with tax withholding obligations relating to the vesting and settlement of such RSUs, the Reporting Person sold an aggregate of 57,443 shares of Class A Common Stock as follows: (i) 10,824 shares sold on July 8, 2025 at a price per share of $3.5127; (ii) 11,247 shares sold on July 9, 2025 at a price per share $3.5103; (iii) 11,617 shares sold on July 10, 2025 at a price per share of $3.398; (iv) 11,874 shares sold on July 11, 2025 at a price per share of $3.3265; and (v) 11,881 shares sold on July 14, 2025 at a price per share of $3.323. The sales were effected on the open-market through broker-assisted transactions.
In addition, during the 60 days preceding this statement, the Reporting Person acquired beneficial ownership of 38,757 shares of Class A Common Stock underlying equity awards subject to vesting, as further described in Item 6 below.
Except as otherwise described in this Item 5(c), the Reporting Person has not effected any transactions in the Issuer's Class A Common Stock during the past 60 days. |
(d) | Not applicable. |
(e) | Not applicable. |
Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer |
The information contained in Item 3 is incorporated herein by reference.
The Reporting Person is and will be entitled to receive compensation and other benefits as President and Chief Executive Officer of the Issuer. In such capacity, he may also be granted equity awards with respect to the Issuer's Class A Common Stock from time to time. The Reporting Person currently holds (i) 731,871 RSUs subject to time-based and performance-based vesting, each representing the contingent right to receive one share of Class A Common Stock, and (ii) stock options to purchase an aggregate of 2,619,434 shares of Class A Common Stock at exercise prices ranging between $0.75 and $10.85 per share. The equity plans under which such awards have been granted and the form of award agreements representing such equity awards are filed as Exhibits 99.1 and 99.2 hereto, and are incorporated by reference into this Item 6 in their entirety. | |
Item 7. | Material to be Filed as Exhibits. |
Exhibit 99.1 Rapid Micro Biosystems, Inc. 2010 Stock Option and Grant Plan and forms of award agreements thereunder (Incorporated by reference to Exhibit 10.1 to the Issuer's Registration Statement on Form S-1 (Reg. No. 333-257431) filed on June 25, 2021).
Exhibit 99.2 Rapid Micro Biosystems, Inc 2021 Incentive Award Plan and forms of award agreements thereunder (incorporated by reference to Exhibit 10.2 to Amendment No. 1 to the Issuer's Registration Statement on Form S-1 (Reg. No. 333-257431) filed on July 12, 2021). |
SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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