SECURITIES AND EXCHANGE COMMISSION
Securities Exchange Act of 1934
(Amendment No. )
One Design Center Place
Suite 17-500
Boston, MA 02210
TO BE HELD ON JUNE 11, 2025
Chief Executive Officer
April 25, 2025
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One Design Center Place
Suite 17-500
Boston, MA 02210
FOR THE 2025 ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON JUNE 11, 2025
the Annual Meeting of Stockholders to be Held on June 11, 2025:
printing and downloading at www.ProxyVote.com.
SEC, except for exhibits, will be furnished without charge to any stockholder upon written request to
Entrada Therapeutics, Inc., One Design Center Place, Suite 17-500, Boston, MA 02210, Attention: Corporate
Secretary. This proxy statement and our Annual Report on Form 10-K for the fiscal year ended
December 31, 2024, are also available on the SEC’s website at www.sec.gov.
PROXY STATEMENT
FOR THE 2025 ANNUAL MEETING OF STOCKHOLDERS
| Proposal | | | Vote Required | | | Discretionary Voting Permitted? | |
| Election of Directors | | | Plurality | | | No | |
| Ratification of Independent Registered Public Accounting Firm | | | Majority | | | Yes | |
| Name | | | Positions and Offices Held with Entrada | | | Director Since | | | Age | |
| Dipal Doshi | | | Chief Executive Officer, Director | | | 2017 | | | 49 | |
| Kush M. Parmar, M.D., Ph.D. | | | Board Chairman, Director | | | 2016 | | | 44 | |
| Mary Thistle | | | Director | | | 2021 | | | 65 | |
| Name | | | Position and Offices Held with Entrada | | | Director Since | | | Class and Year in Which Term Will Expire | | | Age | |
| Peter S. Kim, Ph.D. | | | Director | | | 2020 | | | Class II – 2026 | | | 66 | |
| Bernhardt Zeiher, M.D. | | | Director | | | 2023 | | | Class II – 2026 | | | 61 | |
| Gina Chapman | | | Director | | | 2023 | | | Class III – 2027 | | | 58 | |
| Name | | | Position and Offices Held with Entrada | | | Officer Since | | | Age | |
| Nathan J. Dowden | | | President and Chief Operating Officer | | | 2019 | | | 55 | |
| Natarajan Sethuraman, Ph.D. | | | President of Research and Development | | | 2017 | | | 63 | |
| Kory Wentworth | | | Chief Financial Officer | | | 2020 | | | 46 | |
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
| Fee Category | | | Fiscal Year 2024 ($) | | | Fiscal Year 2023 ($) | | ||||||
| Audit Fees(1) | | | | | 676,577 | | | | | | 704,608 | | |
| Audit-Related Fees(2) | | | | | — | | | | | | — | | |
| Tax Fees(3) | | | | | — | | | | | | 95,562 | | |
| All Other Fees(4) | | | | | — | | | | | | — | | |
| Total Fees | | | | | 676,577 | | | | | | 800,170 | | |
Ernst & Young LLP as Entrada’s independent registered public accounting firm for the
fiscal year ending December 31, 2025.
One Design Center Place
Suite 17-500
Boston, MA 02210
United States
| NAME AND PRINCIPAL POSITION | | | YEAR | | | SALARY ($) | | | STOCK AWARDS ($)(1) | | | OPTION AWARDS ($)(1) | | | NON-EQUITY INCENTIVE PLAN COMPENSATION ($)(2) | | | ALL OTHER COMPENSATION ($) | | | TOTAL ($) | | |||||||||||||||||||||
| Dipal Doshi Chief Executive Officer | | | | | 2024 | | | | | | 610,000 | | | | | | 1,437,531 | | | | | | 1,494,662 | | | | | | 335,510 | | | | | | 13,800 | | | | | | 3,891,503 | | |
| | | | 2023 | | | | | | 585,000 | | | | | | 1,373,319 | | | | | | 1,393,934 | | | | | | 370,013 | | | | | | 13,200 | | | | | | 3,735,466 | | | ||
| Natarajan Sethuraman Ph. D. President of Research and Development | | | | | 2024 | | | | | | 493,232 | | | | | | 605,493 | | | | | | 630,015 | | | | | | 221,980 | | | | | | 11,980 | | | | | | 1,962,700 | | |
| | | | 2023 | | | | | | 456,501 | | | | | | 392,772 | | | | | | 398,384 | | | | | | 224,598 | | | | | | 13,200 | | | | | | 1,485,455 | | | ||
| Nathan J. Dowden President and Chief Operating Officer | | | | | 2024 | | | | | | 480,000 | | | | | | 1,278,263 | | | | | | 472,615 | | | | | | 216,010 | | | | | | 13,800 | | | | | | 2,460,688 | | |
| | | | 2023 | | | | | | 456,501 | | | | | | 392,772 | | | | | | 398,384 | | | | | | 224,598 | | | | | | 13,200 | | | | | | 1,485,455 | | | ||
| | | | Options Awards | | |||||||||||||||||||||||||||
| Name | | | Vesting Commencement Date(1) | | | Number Of Securities Underlying Unexercised Options (#) Exercisable(2) | | | Number Of Securities Underlying Unexercised Options (#) Unexercisable | | | Option Exercise Price ($) | | | Option Expiration Date | | |||||||||||||||
| Dipal Doshi | | | | | 12/31/2018 | | | | | | 399,989 | | | | | | — | | | | | | 1.74 | | | | | | 5/14/2029 | | |
| | | | 8/12/2020 | | | | | | 140,362 | | | | | | — | | | | | | 2.10 | | | | | | 12/16/2030 | | | ||
| | | | 3/30/2021 | | | | | | 312,750 | | | | | | — | | | | | | 8.47 | | | | | | 5/19/2031 | | | ||
| | | | 8/2/2021 | | | | | | 82,920 | | | | | | — | | | | | | 12.52 | | | | | | 8/2/2031 | | | ||
| | | | 10/28/2021(3) | | | | | | 146,317 | | | | | | 38,504 | | | | | | 20.00 | | | | | | 10/27/2031 | | | ||
| | | | 3/1/2022 | | | | | | 124,781 | | | | | | 56,719 | | | | | | 11.57 | | | | | | 3/1/2032 | | | ||
| | | | 7/1/2022 | | | | | | 54,828 | | | | | | 35,922 | | | | | | 12.00 | | | | | | 7/1/2032 | | | ||
| | | | 3/1/2023 | | | | | | 32,922 | | | | | | 42,328 | | | | | | 12.25 | | | | | | 3/1/2033 | | | ||
| | | | 9/1/2023 | | | | | | 23,516 | | | | | | 51,734 | | | | | | 15.41 | | | | | | 9/1/2033 | | | ||
| | | | 3/1/2024 | | | | | | — | | | | | | 158,500 | | | | | | 13.73 | | | | | | 3/1/2034 | | | ||
| Natarajan Sethuraman | | | | | 3/4/2019 | | | | | | 68,312 | | | | | | — | | | | | | 1.74 | | | | | | 3/5/2029 | | |
| | | | 8/12/2020 | | | | | | 10,284 | | | | | | — | | | | | | 2.10 | | | | | | 12/16/2030 | | | ||
| | | | 3/30/2021 | | | | | | 96,377 | | | | | | — | | | | | | 8.47 | | | | | | 5/19/2031 | | | ||
| | | | 8/2/2021 | | | | | | 4,146 | | | | | | — | | | | | | 12.52 | | | | | | 8/2/2031 | | | ||
| | | | 10/28/2021(3) | | | | | | 192,881 | | | | | | 50,758 | | | | | | 20.00 | | | | | | 10/27/2031 | | | ||
| | | | 3/1/2022 | | | | | | 47,798 | | | | | | 21,727 | | | | | | 11.57 | | | | | | 3/1/2032 | | | ||
| | | | 7/1/2022 | | | | | | 21,003 | | | | | | 13,760 | | | | | | 12.00 | | | | | | 7/1/2032 | | | ||
| | | | 3/1/2023 | | | | | | 9,406 | | | | | | 12,094 | | | | | | 12.25 | | | | | | 3/1/2033 | | | ||
| | | | 9/1/2023 | | | | | | 6,719 | | | | | | 14,781 | | | | | | 15.41 | | | | | | 9/1/2033 | | | ||
| | | | 3/1/2024 | | | | | | — | | | | | | 66,800 | | | | | | 13.73 | | | | | | 3/1/2034 | | | ||
| Nathan Dowden | | | | | 12/10/2019 | | | | | | 64,831 | | | | | | — | | | | | | 1.74 | | | | | | 12/10/2029 | | |
| | | | 8/12/2020 | | | | | | 46,117 | | | | | | — | | | | | | 2.10 | | | | | | 12/16/2030 | | | ||
| | | | 3/30/2021 | | | | | | 82,973 | | | | | | — | | | | | | 8.47 | | | | | | 5/19/2031 | | | ||
| | | | 8/2/2021 | | | | | | 4,146 | | | | | | — | | | | | | 12.52 | | | | | | 8/2/2031 | | | ||
| | | | 10/28/2021(3) | | | | | | 75,326 | | | | | | 19,822 | | | | | | 20.00 | | | | | | 10/27/2031 | | | ||
| | | | 3/1/2022 | | | | | | 46,458 | | | | | | 21,117 | | | | | | 11.57 | | | | | | 3/1/2032 | | | ||
| | | | 7/1/2022 | | | | | | 20,414 | | | | | | 13,374 | | | | | | 12.00 | | | | | | 7/1/2032 | | | ||
| | | | 3/1/2023 | | | | | | 9,406 | | | | | | 12,094 | | | | | | 12.25 | | | | | | 3/1/2033 | | | ||
| | | | 9/1/2023 | | | | | | 6,719 | | | | | | 14,781 | | | | | | 15.41 | | | | | | 9/1/2033 | | | ||
| | | | 3/1/2024 | | | | | | — | | | | | | 50,100 | | | | | | 13.73 | | | | | | 3/1/2034 | | | ||
| | | | Stock Awards | | |||||||||||||||||||||||||||
| Name | | | Vesting Commencement Date(1) | | | Number of Shares or Units of Stock That Have Not Vested(#) | | | Market Value of Shares or Units of Stock That Have Not Vested ($) | | | Equity Incentive Plan Awards: Number of Unearned Shares, Units, or Other Rights that Have Not Vested (#) | | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units, or Other Rights that Have Not Vested ($) | | |||||||||||||||
| Dipal Doshi | | | | | 3/1/2022 | | | | | | 15,125 | | | | | | 261,511 | | | | | | — | | | | | | — | | |
| | | | 9/1/2022 | | | | | | 7,562 | | | | | | 130,747 | | | | | | — | | | | | | — | | | ||
| | | | 3/1/2023 | | | | | | 37,237 | | | | | | 643,828 | | | | | | — | | | | | | — | | | ||
| | | | 9/1/2023 | | | | | | 37,237 | | | | | | 643,828 | | | | | | — | | | | | | — | | | ||
| | | | 3/1/2024 | | | | | | 104,700 | | | | | | 1,810,263 | | | | | | — | | | | | | — | | | ||
| | | | 9/11/2024(2) | | | | | | — | | | | | | — | | | | | | 100,000 | | | | | | 1,729,000 | | | ||
| Natarajan Sethuraman | | | | | 3/1/2022 | | | | | | 5,794 | | | | | | 100,178 | | | | | | — | | | | | | — | | |
| | | | 9/1/2022 | | | | | | 2,897 | | | | | | 50,089 | | | | | | — | | | | | | — | | | ||
| | | | 3/1/2023 | | | | | | 10,650 | | | | | | 184,139 | | | | | | — | | | | | | — | | | ||
| | | | 9/1/2023 | | | | | | 10,650 | | | | | | 184,139 | | | | | | — | | | | | | — | | | ||
| | | | 3/1/2024 | | | | | | 44,100 | | | | | | 762,489 | | | | | | — | | | | | | — | | | ||
| | | | 9/11/2024(3) | | | | | | — | | | | | | — | | | | | | 80,000 | | | | | | 1,383,200 | | | ||
| Nathan Dowden | | | | | 3/1/2022 | | | | | | 5,631 | | | | | | 97,360 | | | | | | — | | | | | | — | | |
| | | | 9/1/2022 | | | | | | 2,816 | | | | | | 48,689 | | | | | | — | | | | | | — | | | ||
| | | | 3/1/2023 | | | | | | 10,650 | | | | | | 184,139 | | | | | | — | | | | | | — | | | ||
| | | | 9/1/2023 | | | | | | 10,650 | | | | | | 184,139 | | | | | | — | | | | | | — | | | ||
| | | | 3/1/2024 | | | | | | 33,100 | | | | | | 572,299 | | | | | | — | | | | | | — | | | ||
| | | | 3/1/2024(3) | | | | | | 60,000 | | | | | | 1,037,400 | | | | | | — | | | | | | — | | | ||
| | | | 9/11/2024(2) | | | | | | — | | | | | | — | | | | | | 30,000 | | | | | | 518,700 | | | ||
| Plan Category | | | Number of securities to be issued upon exercise of outstanding options, warrants and rights | | | Weighted-average exercise price of outstanding options, warrants and rights | | | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in first column) | | |||||||||
| Equity compensation plans approved by security holders(1)(2) | | | | | 5,336,407 | | | | | $ | 11.87 | | | | | | 2,392,342 | | |
| Equity compensation plans not approved by security holders | | | | | — | | | | | | — | | | | | | — | | |
| Total | | | | | 5,336,407 | | | | | $ | 11.87 | | | | | | 2,392,342 | | |
| | | | Fees Earned or Paid in Cash ($) | | | Option Awards ($)(1) | | | All Other Compensation ($) | | | Total ($) | | ||||||||||||
| Peter S. Kim(2) | | | | | 40,000 | | | | | | 176,202 | | | | | | — | | | | | | 216,202 | | |
| Mary Thistle(3) | | | | | 60,549 | | | | | | 176,202 | | | | | | — | | | | | | 236,751 | | |
| Kush M. Parmar(4) | | | | | 97,148 | | | | | | 176,202 | | | | | | — | | | | | | 273,350 | | |
| Bernhardt Zeiher(5) | | | | | 44,549 | | | | | | 176,202 | | | | | | — | | | | | | 220,751 | | |
| Gina Chapman(6) | | | | | 51,775 | | | | | | 176,202 | | | | | | — | | | | | | 227,977 | | |
| Position | | | Annual Retainer | | |||
| Board of Directors: | | | | | | | |
| Members | | | | $ | 40,000 | | |
| Additional Retainer for chair | | | | $ | 30,000 | | |
| Position | | | Annual Retainer | | |||
| Audit Committee: | | | | | | | |
| Members (other than chair) | | | | $ | 7,500 | | |
| Retainer for chair | | | | $ | 15,000 | | |
| Compensation Committee: | | | | | | | |
| Members (other than chair) | | | | $ | 6,000(1) | | |
| Retainer for chair | | | | $ | 12,000(2) | | |
| Nominating and Corporate Governance Committee: | | | | | | | |
| Members (other than chair) | | | | $ | 4,500(3) | | |
| Retainer for chair | | | | $ | 9,000(4) | | |
| Investors(1) | | | Shares of our Common Stock | | | Shares of our Common Stock Underlying Pre-Funded Warrants | | | Total Purchase Price | | |||||||||
| Entities affiliated with Baker Bros. Advisors LP(2) | | | | | — | | | | | | 3,367,003 | | | | | $ | 49,999,657.85 | | |
| Janus Henderson Biotech Innovation Master Fund Limited(3) | | | | | 1,346,801 | | | | | | — | | | | | $ | 19,999,994.85 | | |
| Entities affiliated with T. Rowe Price Associates, Inc.(4) | | | | | 336,700 | | | | | | — | | | | | $ | 4,999,995.00 | | |
| Total | | | | | 1,683,501 | | | | | | 3,367,003 | | | | | $ | 74,999,647.70 | | |
| Name of Beneficial Owner | | | Shares Beneficially Owned | | | Percentage of Shares Beneficially Owned | | ||||||
| Greater-than-5% Stockholders: | | | | | | | | | | | | | |
| Entities affiliated with Baker Bros. Advisors LP(1) | | | | | 8,232,822 | | | | | | 19.92% | | |
| Entities affiliated with MPM Capital(2) | | | | | 4,381,062 | | | | | | 11.54% | | |
| Entities affiliated with 5AM Ventures(3) | | | | | 4,408,379 | | | | | | 11.62% | | |
| T. Rowe Price Associates, Inc.(4) | | | | | 2,903,025 | | | | | | 7.65% | | |
| Roche Finance Ltd(5) | | | | | 2,569,115 | | | | | | 6.77% | | |
| Janus Henderson Group PLC(6) | | | | | 2,080,367 | | | | | | 5.48% | | |
| Blackrock, Inc.(7) | | | | | 1,974,452 | | | | | | 5.20% | | |
| Named Executive Officers, Other Executive Officer and Directors: | | | | | | | | | | | | | |
| Dipal Doshi, Chief Executive Officer and Director(8) | | | | | 1,592,488 | | | | | | 4.04% | | |
| Natarajan Sethuraman, Ph.D., President of Research and Development(9) | | | | | 603,831 | | | | | | 1.57% | | |
| Nathan J. Dowden, President, Chief Operating Officer(10) | | | | | 411,800 | | | | | | 1.07% | | |
| Kory Wentworth, Chief Financial Officer(11) | | | | | 316,249 | | | | | | * | | |
| Kush M. Parmar, M.D., Ph.D., Chairman(3)(12) | | | | | 67,470 | | | | | | * | | |
| Peter S. Kim, Ph.D., Director(13) | | | | | 148,248 | | | | | | * | | |
| Mary Thistle, Director(14) | | | | | 102,440 | | | | | | * | | |
| Bernhardt Zeiher, M.D., Director(15) | | | | | 39,111 | | | | | | * | | |
| Gina Chapman, Director(16) | | | | | 34,667 | | | | | | * | | |
| All executive officers and directors as a group (9 persons)(17) | | | | | 3,316,304 | | | | | | 8.11% | | |
THE BOARD OF DIRECTORS OF
ENTRADA THERAPEUTICS, INC.
Kush M. Parmar, M.D., Ph.D.
Gina Chapman