UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

(Amendment No.     )

 

 

Filed by the Registrant ☒

Filed by a Party other than the Registrant ☐

Check the appropriate box:

 

Preliminary Proxy Statement

 

Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

 

Definitive Proxy Statement

 

Definitive Additional Materials

 

Soliciting Material under §240.14a-12

AURA BIOSCIENCES, INC.

(Name of registrantRegistrant as specified in its charter)Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check all boxes that apply):

 

No fee required.required

 

Fee paid previously with preliminary materials.materials

 

Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.

 

 

 


LOGOLOGO

AURA BIOSCIENCES, INC.

85 Bolton80 Guest Street

Cambridge,Boston, MA 0214002135

NOTICE OF 20222024 ANNUAL MEETING OF STOCKHOLDERS

To be held June 15, 202220, 2024

Notice is hereby given that the 20222024 Annual Meeting of Stockholders, or Annual Meeting, of Aura Biosciences, Inc., will be held online on June 15, 202220, 2024 at 10:9:30 a.m. Eastern Time. The safety of our stockholders is important to us, and given the continuing concerns resulting from the COVID-19 pandemic, thisThis year’s Annual Meeting will be held virtually. You may attend the meeting virtually via the Internet at www.virtualshareholdermeeting.com/AURA2022AURA2024 where you will be able to vote electronically and submit questions. You will need the 16-digit control number included with the Notice of Internet Availability of Proxy Materials being mailed to you separately in order to attend the Annual Meeting. The purpose of the Annual Meeting is the following:

 

1.

To elect threetwo Class IIII directors to our boardBoard of directors,Directors, to serve until the 20252027 annual meeting of stockholders and until their successor has been duly elected and qualified, or until their earlier death, resignation or removal;

 

2.2.

To approve an amendment to our Tenth Amended and Restated Certificate of Incorporation to reflect Delaware General Corporation Law provisions regarding exculpation of officers;

3.

To ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2022;2024; and

 

3.4.

To transact any other business properly brought before the Annual Meeting or any adjournment or postponement of the Annual Meeting.

The proposal for the election of directors relates solely to the election of threetwo Class IIII directors nominated by the boardBoard of directors.Directors.

Only Aura Biosciences, Inc. stockholders of record at the close of business on April 18, 2022,22, 2024, will be entitled to vote at the Annual Meeting and any adjournment or postponement thereof.

Aura Biosciences, Inc. is following the Securities and Exchange Commission’s “Notice and Access” rule that allows companies to furnish their proxy materials by posting them on the Internet. As a result, we are mailing to our stockholders a Notice of Internet Availability of Proxy Materials, or the Notice, instead of a paper copy of the accompanying proxy statement and our Annual Report to Stockholders for the fiscal year ended December 31, 2021,2023, or 20212023 Annual Report. We plan to mail the Notice on or about April 28, 2022,25, 2024 and it contains instructions on how to access both the 20212023 Annual Report and accompanying proxy statement over the Internet. This method provides our stockholders with expedited access to proxy materials and not only lowers the cost of printing and distribution but also reduces the environmental impact of the Annual Meeting. If you would like to receive a print version of the proxy materials, free of charge, please follow the instructions on the Notice.

Please see the “General Information” section of the proxy statement that accompanies this notice for more details regarding the logistics of the virtual Annual Meeting, including the ability of stockholders to submit questions during the Annual Meeting, and technical details and support related to accessing the virtual platform.

Your vote is important. Whether or not you expect to attend the virtual meeting, it is important that your shares be represented. To ensure that your vote is recorded promptly, please vote as soon as possible, even if you plan to attend the meeting, by submitting your proxy via the Internet at the address listed on the proxy card or by signing, dating and returning the proxy card. Even if you have voted by proxy, you may still vote at the virtual meeting. Please note, however, that if your shares are held through a broker, bank or other nominee and you wish to vote at the meeting, you must obtain a proxy issued in your name from that record holder.

 

By order of the Board of Directors,

/s/ Elisabet de los Pinos

Elisabet de los Pinos, Ph.D.
Chief Executive Officer
Boston, MA
April 25, 2024

Cambridge, MA

April 28, 2022


Table of Contents

 

   Page 

PROXY STATEMENT FOR THE 20222024 ANNUAL MEETING OF STOCKHOLDERS

   1 

GENERAL INFORMATION

   3 

PROPOSAL NO. 1 – ELECTION OF CLASS IIII DIRECTORS

   7 

PROPOSAL NO. 2 – APPROVAL OF AMENDMENT TO TENTH AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO REFLECT DELAWARE GENERAL CORPORATION LAW PROVISIONS REGARDING EXCULPATION OF OFFICERS12
PROPOSAL NO. 3 – RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS AURA BIOSCIENCES, INC.’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER  31, 20222024

12

CORPORATE GOVERNANCE

   14 

CORPORATE GOVERNANCE16
NON-EMPLOYEE DIRECTOR COMPENSATION22
EXECUTIVE OFFICERS24
EXECUTIVE COMPENSATION26
CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS

   3132 

PRINCIPAL STOCKHOLDERS

   3334 

REPORT OF THE AUDIT COMMITTEE

36

HOUSEHOLDING

   37 

STOCKHOLDER PROPOSALSHOUSEHOLDING

   3738 

OTHER MATTERSSTOCKHOLDER PROPOSALS

   3738
OTHER MATTERS38
APPENDIX A39 

 

i


LOGOLOGO

AURA BIOSCIENCES, INC.

80 Guest Street

Boston, MA 02135

PROXY STATEMENT

FOR THE 2024 ANNUAL MEETING OF STOCKHOLDERS

TO BE HELD JUNE 20, 2024

This proxy statement contains information about the 2024 Annual Meeting of Stockholders, or the Annual Meeting, of Aura Biosciences, Inc., which will be held online on June 20, 2024 at 9:30 a.m. Eastern Time. This year’s Annual Meeting will be held virtually. You may attend the Annual Meeting virtually via the Internet at www.virtualshareholdermeeting.com/AURA2024, where you will be able to vote electronically and submit questions. You will need the 16-digit control number included with the Notice of Internet Availability of Proxy Materials, or Notice, or proxy card being mailed to you separately in order to attend the Annual Meeting. The board of directors of Aura Biosciences, Inc., or the Board of Directors, is using this proxy statement to solicit proxies for use at the Annual Meeting. In this proxy statement, the terms “Aura,” “Aura Biosciences,” the “Company,” “we,” “us,” and “our” refer to Aura Biosciences, Inc. The mailing address of our principal executive offices is Aura Biosciences, Inc., 80 Guest Street, Boston, MA 02135.

All properly submitted proxies will be voted in accordance with the instructions contained in those proxies. If no instructions are specified, the proxies will be voted in accordance with the recommendation of our Board of Directors with respect to each of the matters set forth in this proxy statement and the accompanying proxy card. You may revoke your proxy at any time before it is exercised at the meeting by giving our Corporate Secretary written notice to that effect.

This proxy statement and our 2023 Annual Report to Stockholders for the fiscal year ended December 31, 2023, or the 2023 Annual Report, are first being made available to stockholders on or about April 25, 2024.

We are an “emerging growth company” under applicable federal securities laws and therefore permitted to conform with certain reduced public company reporting requirements. As an emerging growth company, we provide in this proxy statement the scaled disclosure permitted under the Jumpstart Our Business Startups Act of 2012, or the JOBS Act, including the compensation disclosures required of a “smaller reporting company,” as that term is defined in Rule 12b-2 promulgated under the Securities Exchange Act of 1934, as amended, or the Exchange Act. In addition, as an emerging growth company, we are not required to conduct votes seeking approval, on an advisory basis, of the compensation of our named executive officers or the frequency with which such votes must be conducted. We will remain an “emerging growth company” until the earliest of (i) the last day of the fiscal year following the fifth anniversary of our initial public offering in November 2021; (ii) the last day of the fiscal year in which our total annual gross revenue is equal to or more than $1.235 billion; (iii) the date on which we have issued more than $1 billion in nonconvertible debt during the previous three years; or (iv) the date on which we are deemed to be a large accelerated filer under the rules of the Securities and Exchange Commission, or the SEC. Even after we are no longer an “emerging growth company,” we may remain a “smaller reporting company.”

Important Notice Regarding the Availability of Proxy Materials for

the Annual Meeting of Stockholders to be Held on June 20, 2024:

This proxy statement and our 2023 Annual Report to Stockholders are

available for viewing, printing and downloading at www.ProxyVote.com/.

1


A copy of this proxy statement and our 2023 Annual Report, as filed with the SEC, except for exhibits, will be furnished without charge to any stockholder upon written request to Aura Biosciences, Inc., 80 Guest Street, Boston, MA 02135, Attention: Corporate Secretary. This proxy statement and our 2023 Annual Report are also available on the SEC’s website at www.sec.gov.

2


AURA BIOSCIENCES, INC.

85 Bolton Street

Cambridge, MA 02140

PROXY STATEMENT

FOR THE 20222024 ANNUAL MEETING OF STOCKHOLDERS

TO BE HELD JUNE 15, 2022

This proxy statement contains information about the 2022 Annual Meeting of Stockholders, or the Annual Meeting, of Aura Biosciences, Inc., which will be held online on June 15, 2022 at 10:30 a.m. Eastern Time. The safety of our stockholders is important to us, and given the continuing concerns resulting from the COVID-19 pandemic, this year’s Annual Meeting will be held virtually. You may attend the Annual Meeting virtually via the Internet atwww.virtualshareholdermeeting.com/AURA2022, where you will be able to vote electronically and submit questions. You will need the 16-digit control number included with the Notice of Internet Availability of Proxy Materials being mailed to you separately in order to attend the Annual Meeting. The board of directors of Aura Biosciences, Inc. is using this proxy statement to solicit proxies for use at the Annual Meeting. In this proxy statement, the terms “Aura,” “Aura Biosciences,” the “Company,” “we,” “us,” and “our” refer to Aura Biosciences, Inc. The mailing address of our principal executive offices is Aura Biosciences, Inc., 85 Bolton Street, Cambridge, MA 02140.

All properly submitted proxies will be voted in accordance with the instructions contained in those proxies. If no instructions are specified, the proxies will be voted in accordance with the recommendation of our board of directors with respect to each of the matters set forth in this proxy statement and the accompanying proxy card. You may revoke your proxy at any time before it is exercised at the meeting by giving our corporate secretary written notice to that effect.

This proxy statement and our 2021 Annual Report to Stockholders on Form 10-K for the fiscal year ended December 31, 2021, or the 2021 Annual Report, are first being made available to stockholders on or about April 28, 2022.

We are an “emerging growth company” under applicable federal securities laws and therefore permitted to conform with certain reduced public company reporting requirements. As an emerging growth company, we provide in this proxy statement the scaled disclosure permitted under the Jumpstart Our Business Startups Act of 2012, the JOBS Act, including the compensation disclosures required of a “smaller reporting company,” as that term is defined in Rule 12b-2 promulgated under the Securities Exchange Act of 1934, as amended, the Exchange Act. In addition, as an emerging growth company, we are not required to conduct votes seeking approval, on an advisory basis, of the compensation of our named executive officers or the frequency with which such votes must be conducted. We will remain an “emerging growth company” until the earliest of (i) the last day of the fiscal year following the fifth anniversary of our initial public offering in November 2021; (ii) the last day of the fiscal year in which our total annual gross revenue is equal to or more than $1.07 billion; (iii) the date on which we have issued more than $1 billion in nonconvertible debt during the previous three years; or (iv) the date on which we are deemed to be a large accelerated filer under the rules of the Securities and Exchange Commission, or the SEC. Even after we are no longer an “emerging growth company,” we may remain a “smaller reporting company.”

Important Notice Regarding the Availability of Proxy Materials for

the Annual Meeting of Stockholders to be Held on June 15, 2022:

This proxy statement and our 2021 Annual Report to Stockholders are

available for viewing, printing and downloading at www.ProxyVote.com.

A copy of this proxy statement and our 2021 Annual Report, as filed with the SEC, except for exhibits, will be furnished without charge to any stockholder upon written request to Aura Biosciences, Inc., 85 Bolton Street, Cambridge, MA 02140, Attention: Corporate Secretary. This proxy statement and our 2021 Annual Report are also available on the SEC’s website at www.sec.gov.

AURA BIOSCIENCES, INC.

PROXY STATEMENT

FOR THE 2022 ANNUAL MEETING OF STOCKHOLDERS

GENERAL INFORMATION

Why are you holding a virtual Annual Meeting?

The safety of our stockholders is important to us and given the continuing concerns resulting from the ongoing COVID-19 pandemic, this year’s Annual Meeting will be a “virtual meeting” of stockholders. We have implemented the virtual format in order to facilitate stockholder attendance at our Annual Meeting. We have designed our virtual format to enhance, rather than constrain, stockholder access, participation and communication. For example, the virtual format allows stockholders to communicate with us in advance of, and during, the Annual Meeting so they can ask questions of our boardBoard of directorsDirectors or management.

How do I attend and participate in the Annual Meeting online?

To attend and participate in the Annual Meeting, stockholders will need to access the live audio webcast of the meeting. To do so, stockholders of record will need to visit www.virtualshareholdermeeting.com/AURA2022AURA2024 and use their control number provided in the Notice or proxy card being mailed to you to preregister to this website, and beneficial owners of shares held in street name will need to follow the same instructions. Registration will open 15 minutes prior to the meeting.

The live audio webcast of the Annual Meeting will begin promptly at 10:9:30 a.ma.m. Eastern Time.

How can I get help if I have trouble checking in or listening to the meeting online?

There will be a support number available on the login page of the virtual meeting 15 minutes before the meeting begins for any shareholdersstockholders having technical difficulties. The technical support line will not be able to provide control numbers, but will be able to assist with any technical issues.

When are this proxy statement and the accompanying materials scheduled to be sent to stockholders?

We have elected to provide access to our proxy materials to our stockholders via the Internet. Accordingly, on or about April 28, 2022,25, 2024, we will begin mailing the Notice. Our proxy materials, including the Notice, this proxy statement and the accompanying proxy card or, for shares held in street name (i.e., held for your account by a broker, bank or other nominee), a voting instruction form, and the 2021 Annual Report to Stockholders, or the 20212023 Annual Report, will be mailed or made available to stockholders on the Internet on or about the same date.

Who is soliciting my vote?

Our Board of Directors or the board of directors, is soliciting your vote for the Annual Meeting.

When is the record date for the Annual Meeting?

The record date for determination of stockholders entitled to vote at the Annual Meeting is the close of business on April 18, 2022.22, 2024.

How many votes can be cast by all stockholders?

There were 29,222,29649,533,018 shares of our common stock, par value $0.00001 per share, outstanding on April 18, 2022,22, 2024, all of which are entitled to vote with respect to all matters to be acted upon at the Annual Meeting. Each

stockholder of record is entitled to one vote for each share of our common stock held by such stockholder. As the stockholder of record, you have the right to grant your voting proxy directly to the individuals listed on the proxy card or vote on your own behalf at our virtual Annual Meeting. None of our shares of preferred stock were outstanding as of April 18, 2022.22, 2024.

3


Who is entitled to vote?

Registered Stockholders. If shares of our common stock are registered directly in your name with our transfer agent, you are considered the stockholder of record with respect to those shares. As the stockholder of record, you have the right to grant your voting proxy directly to the individuals listed on the proxy card or vote on your own behalf at our virtual Annual Meeting. Throughout this proxy statement, we refer to these registered stockholders as “stockholders of record.”

Street Name Stockholders. If shares of our common stock are held on your behalf in a brokerage account or by a bank or other nominee, you are considered to be the beneficial owner of shares that are held in “street name,” and the proxy materials were forwarded to you by your broker or nominee, who is considered the stockholder of record with respect to those shares. As the beneficial owner, you have the right to direct your broker, bank or other nominee as to how to vote your shares. Beneficial owners are also invited to attend our virtual Annual Meeting. However, since a beneficial owner is not the stockholder of record, you may not vote your shares of our common stock on your own behalf at the Annual Meeting unless you follow your broker’s procedures for obtaining a legal proxy. Note you should also be receiving a voting instruction form for you to use from your broker. Throughout this proxy statement, we refer to stockholders who hold their shares through a broker, bank or other nominee as “street name stockholders.”

How do I vote?

If you are a stockholder of record, there are four ways to vote:

 

  

By Internet. Internet. You may vote at www.ProxyVote.com, 24 hours a day, seven days a week. Use the Internet to transmit your voting instructions and for electronic delivery of information up until 11:59 p.m. Eastern Time the day before the meeting date. You will need the control number included on your proxy card.card or Notice.

 

  

During the Annual Meeting. Meeting. You may vote during the Annual Meeting by going to www.virtualshareholdermeeting.com/AURA2022.AURA2024. You will need the control number included on your proxy card.card or Notice.

 

  

By Telephone. Telephone. You may vote using a touch-tone telephone by calling 1-800-690-6903, 24 hours a day, seven days a week. Use any touch-tone telephone to transmit your voting instructions up until 11:59 p.m. Eastern Time the day before the meeting date. You will need the control number included on your proxy card.card or Notice.

 

  

By Mail. You may vote by completing and mailing your proxy card. Mark, sign and date your proxy card and return it in the postage-paid envelope we have provided or return it to Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717.

Even if you plan to participate in our virtual Annual Meeting, we recommend that you also vote by proxy so that your vote will be counted if you later decide not to participate in the Annual Meeting.

If you are a street name stockholder, you will receive voting instructions from your broker, bank or other nominee. You must follow the voting instructions provided by your broker, bank or other nominee in order to instruct your broker, bank or other nominee on how to vote your shares. Street name stockholders should generally be able to vote by returning an instruction card or by telephone or on the Internet. However, the availability of telephone and Internet voting will depend on the voting process of your broker, bank or other nominee. As discussed above, if you are a street name stockholder, you may not vote your shares on your own behalf at the Annual Meeting unless you obtain a legal proxy from your broker, bank or other nominee.

By Proxy

If you will not be attending the Annual Meeting, you may vote by proxy. You can vote by proxy over the Internet by following the instructions provided in the enclosed proxy card.card or the Notice. Proxies submitted by mail must be received before the start of the Annual Meeting.

4


If you complete and timely submit your proxy before the Annual Meeting, the persons named as proxies will vote the shares represented by your proxy in accordance with your instructions. If you submit a proxy without giving voting instructions, your shares will be voted in the manner recommended by the boardBoard of directorsDirectors on all matters presented in this proxy statement, and as the persons named as proxies may determine in their discretion with respect to any other matters properly presented at the Annual Meeting. You may also authorize another person or persons to act for you as proxy in a writing, signed by you or your authorized representative, specifying the details of those proxies’ authority. The original writing must be given to each of the named proxies, although it may be sent to them by electronic transmission if, from that transmission, it can be determined that the transmission was authorized by you.

If any other matters are properly presented for consideration at the Annual Meeting, including, among other things, consideration of a motion to adjourn the Annual Meeting to another time or place (including, without limitation, for the purpose of soliciting additional proxies), the persons named in your proxy and acting thereunder will have discretion to vote on those matters in accordance with their best judgment. We do not currently anticipate that any other matters will be raised at the Annual Meeting.

How do I revoke my proxy?

You may revoke your proxy by (1) entering a new vote by mail that we receive before the start of the Annual Meeting or over the Internet or via telephone, (2) attending and voting at the Annual Meeting online (although attendance at the Annual Meeting will not in and of itself revoke a proxy), or (3) by filing an instrument in writing revoking the proxy or another duly executed proxy bearing a later date with our Corporate Secretary. Any written notice of revocation or subsequent proxy card must be received by our Corporate Secretary prior to the taking of the vote at the Annual Meeting. Such written notice of revocation or subsequent proxy card should be sent to our principal executive offices at Aura Biosciences, Inc., 85 Bolton80 Guest Street, Cambridge,Boston, MA 02140,02135, Attention: Corporate Secretary.

If a broker, bank, or other nominee holds your shares, you must contact such broker, bank, or nominee in order to find out how to change your vote.

How is a quorum reached?

Our Amended and Restated Bylaws, or bylaws, provide that a majority of the shares entitled to vote, present in person or represented by proxy, will constitute a quorum for the transaction of business at the Annual Meeting.

Under the Delaware General Corporation Law, or the DGCL, shares that are voted “abstain” or “withheld” and broker “non-votes” are counted as present for purposes of determining whether a quorum is present at the Annual Meeting. If a quorum is not present, the meeting may be adjourned until a quorum is obtained.

How is the vote counted?

Under our bylaws, any proposal other than an election of directors is decided by a majority of the votes properly cast for and against such proposal, except where a larger vote is required by law or by our Tenth Amended and Restated Certificate of Incorporation, or certificate of incorporation, or bylaws. To be approved, such proposals must receive “for” votes from a majority of the votes properly cast on such proposal. Abstentions and broker “non-votes” are not included in the tabulation of the voting results on any such proposal and, therefore, do not have an impact on such proposals. A broker “non-vote” occurs when a nominee holding shares for a beneficial owner does not vote on a particular proposal because the nominee does not have discretionary voting power with respect to that item, and has not received instructions from the beneficial owner.

If your shares are held in “street name” by a brokerage firm, your brokerage firm is required to vote your shares according to your instructions. If you do not give instructions to your brokerage firm, the brokerage firm will still be able to vote your shares with respect to certain “discretionary” items, but will not be allowed to vote your shares with respect to “non-discretionary” items. Proposal No.Nos. 1 is aand 2 are “non-discretionary” item.items. If you do not instruct your broker how to vote with respect to this proposal,these proposals, your broker may not vote for this proposal,these proposals, and those votesshares will be counted as broker “non-votes.” Proposal No. 23 is considered to be a discretionary item, and your brokerage firm will be able to vote on this proposal even if it does not receive instructions from you.

5


To be elected, the directors nominated via Proposal No. 1 must receive a plurality of the votes properly cast and entitled to vote on the proposal,election of directors, meaning that the director nominees receiving the most “for” votes will be elected. Shares votingelected as directors. Votes that are “withheld” and broker non-votes will have no effectimpact on the election of directors.

To approve an amendment to our certificate of incorporation to reflect DGCL provisions regarding exculpation of officers, Proposal No. 2 must receive “for” votes from a majority of the outstanding shares of capital stock entitled to vote. Abstentions and broker non-votes, if any, will have the same effect as a vote “against” Proposal No. 2.

To ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024, Proposal No. 3 must receive “for” votes from a majority of the votes properly cast on such proposal. Abstentions and broker non-votes, if any, will have no impact on the outcome of this vote.

Who pays the cost for soliciting proxies?

We are making this solicitation and will pay the entire cost of preparing and distributing our proxy materials and soliciting votes. If you choose to access the proxy materials or vote over the Internet, you are responsible for any Internet access charges that you may incur. Our officers and employees may, without compensation other than their regular compensation, solicit proxies through further mailings, personal conversations, facsimile transmissions, e-mails or otherwise. Proxy solicitation expenses that we will pay include those for preparation, mailing, returning and tabulating the proxies.

How may stockholders submit matters for consideration at an Annual Meeting?

The required notice must be in writing and received by our corporate secretaryCorporate Secretary at our principal executive offices not less than 90 days nor more than 120 days prior to the first anniversary of the preceding year’s annual meeting. However, in the event that the date of the annual meeting is advanced by more than 30 days, or delayed by more than 60 days, from the first anniversary of the preceding year’s annual meeting, or if no annual meeting were held in the preceding year, a stockholder’s notice must be so received no earlier than the 120th day prior to such annual meeting and not later than the close of business on the later of (A) the 90th day prior to such annual meeting and (B) the tenth day following the day on which notice of the date of such annual meeting was mailed or public disclosure of the date of such annual meeting was made, whichever first occurs.

In addition, any stockholder proposal intended to be included in the proxy statement for the next annual meeting of our stockholders in 20232025 must also satisfy the requirements of SEC Rule 14a-8 under the Securities Exchange Act of 1934, as amended, or the Exchange Act and be received not later than December 29, 2022.26, 2024. If the date of the annual meeting is moved by more than 30 days from the date contemplated at the time of the previous year’s proxy statement, then notice must be received within a reasonable time before we begin to print and send proxy materials. If that happens, we will publicly announce the deadline for submitting a proposal in a press release or in a document filed with the SEC.

To comply with the universal proxy rules, (once effective), stockholders who intend to solicit proxies in support of director nominees other than the Company’s nominees must provide notice that sets forth the information required by Rule 14a-19 under the Exchange Act no later than April 16, 2023.21, 2025. Stockholder proposals and the required notice should be addressed to Aura Biosciences, Inc., 85 Bolton80 Guest Street, Cambridge,Boston, MA 02140,02135, Attention: Corporate Secretary. We also encourage any such proposal be submitted via email to proxy@aurabiosciences.com.

How can I find out the results of the voting at the Annual Meeting?

We plan to announce preliminary voting results at the Annual Meeting. Final voting results will be published in a Current Report on Form 8-K, or Form 8-K, that we expect to file with the SEC within four business days after the Annual Meeting. If final voting results are not available to us in time to file a Form 8-K within four business days after the Annual Meeting, we intend to file a Form 8-K to publish preliminary results and, within four business days after the final results are known to us, file an additional Form 8-K to publish the final results.

6


PROPOSAL NO. 1 – ELECTION OF CLASS I DIRECTORIII DIRECTORS

Our boardBoard of directorsDirectors currently consists of eightseven members. In accordance with the terms of our certificate of incorporation and bylaws, our boardBoard of directorsDirectors is divided into three classes, Class I, Class II and Class III, with members of each class serving staggered three-year terms. The members of the classes are divided as follows:

 

the Class I directors are Elisabet de los Pinos, Ph.D., Giovanni Mariggi, Ph.D., and Raj Parekh, Ph.D., and their terms will expire at the annual meeting of stockholders to be held in 2025 (other than Dr. Parekh, who has notified us of his intention to resign from the Board of Directors effective on the date of the Annual Meeting;Meeting);

 

the Class II directors are David Johnson and Karan Takhar, and their terms will expire at the annual meeting of stockholders to be held in 2023;2026; and

 

the Class III directors are Antony Mattessich and Sapna Srivastava, Ph.D., and their terms will expire at the annual meeting of stockholders to be held in 2024.Annual Meeting.

Upon the expiration of the term of a class of directors, directors in that class will be eligible to be elected for a new three-year term at the annual meeting of stockholders in the year in which their term expires.

Our certificate of incorporation and bylaws provide that the authorized number of directors may be changed only by resolution of our boardBoard of directors.Directors. Our certificate of incorporation also provides that our directors may be removed only for cause by the affirmative vote of the holders of at least two thirds (2/3) or more of the outstanding shares then entitled to vote in an annual election of directors and that any vacancy on our boardBoard of directors,Directors, including a vacancy resulting from an enlargement of our boardBoard of directors,Directors, may be filled only by vote of a majority of our directors then in office.

Our boardBoard of directorsDirectors has nominated Elisabet de los Pinos,each of Antony Mattessich and Sapna Srivastava, Ph.D., Giovanni Mariggi, Ph.D., and Raj Parekh, Ph.D., for election as a Class IIII director at the Annual Meeting. The nominees are presently directors and have indicated a willingness to continue to serve as directors, if elected. If the nominees become unable or unwilling to serve, however, the proxies may be voted for substitute nominees selected by our boardBoard of directors.Directors.

Our Nominating and Corporate Governance Committee Policies and Procedures for Director Candidates or the Director Guidelines, provide that the value of diversity should be considered in determining director candidates as well as other factors such as a candidate’s character, judgment, skills, education, expertise and absence of conflicts of interest. However, we do not have a formal policy concerning the diversity of the boardBoard of directors.Directors. Our priority in selection of board members is identification of members who will further the interests of our stockholders through their established records of professional accomplishment, their ability to contribute positively to the collaborative culture among board members and their knowledge of our business and understanding of the competitive landscape in which we operate and adherence to high ethical standards. Although the nominatingNominating and corporate governance committeeCorporate Governance Committee does not have a formal diversity policy and does not follow any ratio or formula with respect to diversity in order to determine the appropriate composition of the boardBoard of directors,Directors, the nominatingNominating and corporate governance committeeCorporate Governance Committee and the full boardBoard of directorsDirectors are committed to creating a board of directors with diversity, including diversity of expertise, experience, background and gender and are committed to identifying, recruiting and advancing candidates offering such diversity in future searches.

Board of Directors Diversity Matrix

As of April 28, 2022

   As of April 25, 2024 
Total Number of Directors  7 
   Female   Male   Non-Binary   Did Not
Disclose
Gender
 

Part I: Gender Identity

        

Directors

   2    4    —     1 

Part II: Demographic Background

        

African American or Black

   —     —     —     —  

Alaskan Native or Native American

   —     —     —     —  

Asian

   1    2    —     —  

Hispanic or Latinx

   1    —     —     —  

Native Hawaiian or Pacific Islander

   —     —     —     —  

White

   —     2    —     —  

Two or More Races or Ethnicities

   —     —     —     —  

LGBTQ+

   —      

Did Not Disclose Demographic Background

   1     

 

Total Number of Directors  7
   

Female

  

Male

  

Non-Binary

  

Did Not
Disclose
Gender

Part I: Gender Identity
Directors  2  5    
Part II: Demographic Background
African American or Black        
Alaskan Native or Native American        
Asian  1  2    
Hispanic or Latinx  1      
Native Hawaiian or Pacific Islander        
White    3    
Two or More Races or Ethnicities        
LGBTQ+  
Did Not Disclose Demographic Background  

7


In addition to the information presented below regarding each of the nominees and continuing directors’ specific experience, qualifications, attributes and skills that our boardBoard of directorsDirectors and our nominatingNominating and corporate governance committeeCorporate Governance Committee considered in determining that he or she should serve as a director, we also believe that each of our directors has demonstrated business acumen, integrity and an ability to exercise sound judgment, as well as a commitment of service to our companyCompany and our boardBoard of directors.Directors.

Nominee for Election as Class IIII Director

The following table identifies our director nominees, and sets forth their principal occupation and business experience during the last five years and age as of March 31, 2022.2024.

 

Name

  

Positions and Offices Held with Aura
Biosciences, Inc.

  

Director
Since

  

Age

Elisabet de los Pinos, Ph.D.  Chief Executive Officer and Director  2010  49
Giovanni Mariggi, Ph.D.  Director  2019  37
Raj Parekh, Ph.D.  Director  2015  61

Name

  

Position Held with Aura Biosciences, Inc.

  Director
Since
   Age 

Antony Mattessich

  

Director

   2021    57 

Sapna Srivastava, Ph.D.

  

Director

   2021    53 

Elisabet de los Pinos, Ph.D., is our founder and Chief Executive Officer. Since our founding in January 2010, Dr. de los Pinos has led our strategy and operations and has spearheaded our fundraising efforts. Prior to founding Aura, she was a brand manager in Eli Lilly & Co.’s oncology business unit, where she was part of the leadership team responsible for the market launch in Europe of Alimta, a drug for the treatment of lung cancer. Earlier in her career, Dr. de los Pinos worked as a post-doctoral fellow at the Institute of Cancer Research at the University of London. She previously completed research fellowships at the Mount Sinai School of Medicine Institute of Molecular Medicine of New York University and at the Georgetown School of Medicine. She is a member of the board of overseers at the Museum of Science, Boston. Dr. de los Pinos has been named to Boston Business Journal’s 2009 “Top 40 under 40” list; as a Mass High Tech “Woman to Watch” in 2010; as a “Technology Pioneer” by the World Economic Forum in 2010; and as one of Goldman Sachs’s “100 Most Intriguing Entrepreneurs” in 2014. Dr. de los Pinos holds a Ph.D., magna cum laude, in Molecular Biology from the University of Barcelona and an M.B.A. from IE Business School.

Giovanni Mariggi, Ph.D.,Antony Mattessich has served as a member of our boardBoard of directorsDirectors since April 2019. Dr. MariggiSeptember 2021. Mr. Mattessich is currently the chief executive officer and a member of the co-founding teamboard of directors of Ocular Therapeutix, Inc. (Nasdaq: OCUL), a position he has held since August 2017. Prior to Ocular Therapeutix, Inc., beginning in 2009, he served in roles of increasing responsibility at Medicxi, having servedMundipharma International, including serving as managing director from May 2011 to August 2017. Prior to Mundipharma International, Mr. Mattessich ran the U.S. respiratory, dermatology and pediatrics group at Novartis AG (NYSE: NVS and NOVN), or Novartis. Before Novartis, Mr. Mattessich held several positions at Bristol-Myers Squibb, among them, managing director roles in Malaysia/Singapore and The Netherlands and head of operations for the International Medicines Group. Mr. Mattessich holds a Partner since October 2018Masters in International Affairs from Columbia University and a PrincipalB.A. from

February 2016 to September 2018. Prior to Medicxi, Dr. Mariggi served in multiple roles the University of California at Index Ventures, or Index, over four years, ultimately serving as a Principal from January 2015 to January 2016. Prior to joining Index, Dr. Mariggi worked at Cancer Research UK’s London Research Institute (now the Crick Institute) conducting research on vascular biology and angiogenesis, whilst also performing competitive intelligence projects as an independent consultant to various biopharma companies. He currently serves on the boards of a number of portfolio companies, including Gadeta B.V. Dr. Mariggi holds a Ph.D. in Biochemistry and Molecular Biology from University College London and a B.Sc. in Biochemistry from Imperial College London.Berkeley. We believe Dr. Mariggi’sMr. Mattessich’s leadership experience in biotech and background in the biopharmaceutical industrypharmaceuticals provides him with the appropriate set of skills to serve as a member of our boardBoard of directors.Directors.

Raj Parekh,Sapna Srivastava, Ph.D., has served as a member of our Board of Directors since May 2021. Dr. Srivastava most recently served as the interim chief financial officer at eGenesis, Inc., or eGenesis, a position she held from March 2021 until October 2021. Prior to eGenesis, she held similar roles as the chief financial and strategy officer at Abide Therapeutics, Inc. (acquired by Lundbeck) from September 2017 to January 2019 and at Intellia Therapeutics, Inc., or Intellia, from April 2015 to December 2016. In these positions, she has played a key role in equity financings including a successful initial public offering, strategic alliances, mergers and acquisitions and shaping the strategic direction of the companies. Before Intellia, Dr. Srivastava spent more than a decade as a senior biotechnology analyst for Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and ThinkEquity Partners. She served on the board of directors since 2015. Dr. Parekh joined Advent Life Sciences as a General Partner in 2005, bringing over 20 years of experience in biomedical research and as an entrepreneur and investor. Since joining Advent, he has been involved with portfolio companies primarily engaged in the discovery of new medicines, including AvilaTalaris Therapeutics, Inc., EUSA Pharma, (formerly Nasdaq: TALS) from January 2021 to October 2023 until it merged with Tourmaline Bio, Inc. (Nasdaq: TRML) in October 2023 and Thiakis Limited. Earlier in his career, Dr. Parekh co-founded Oxford GlycoSciences, which was sold to UCB-Celltech, and thenhas since served as Chairmanon the board of Galapagos NV, a member of the Supervisory Board of the Novartis Venture Fund and a founding director of Celldex Therapeutics. Dr. ParekhTourmaline Bio, Inc. She also currently serves onof the boards of directors of several portfolio companies, including ArrakisNuvalent, Inc. (Nasdaq: NUVL), SQZ Biotechnologies Company (formerly Nasdaq: SQZ; OTC: SQZB) and Levicept.Innoviva, Inc. (Nasdaq: INVA). Dr. ParekhSrivastava holds a Ph.D. in MolecularNeuroscience from the New York University School of Medicine and an M.A.a B.S. in BiochemistryMicrobiology from Oxford University.St. Xavier’s College at the University of Mumbai. We believe Dr. Parekh’sSrivastava’s experience as an executive officer in the biopharmaceutical industry and backgroundinvestment banking provides himher with the appropriate set of skills to serve as a member of our boardBoard of directors.Directors.

The proxies will be voted in favorOur Board of the above nominees unlessDirectors recognizes that Dr. Srivastava serves as a contrary specificationdirector of multiple other public companies, and we believe that it is madestrongly in the proxy. best interests of our Company and our stockholders that Dr. Srivastava serves as a director. Our Board of Directors considered her extensive experience serving on the boards of publicly traded life sciences companies and high-level accounting and financial expertise as key attributes in her selection.

8


The nominees have consented to serve as our directors if elected. However, if the nominees are unable to serve or for good cause will not serve as a director, the proxies will be voted for the election of such substitute nominee as our boardBoard of Directors may designate.

Vote Required and Board of Directors’ Recommendation

To be elected, the directors nominated via Proposal No. 1 must receive a plurality of the votes properly cast on the election of directors, may designate.meaning that the director nominees receiving the most “for” votes will be elected. Votes “withheld” and broker non-votes will also have no impact on the election of directors.

The boardBoard of directorsDirectors recommends voting “FOR” the election of Elisabet de los Pinos,Antony Mattessich and Sapna Srivastava, Ph.D., Giovanni Mariggi, Ph.D., and Raj Parekh, Ph.D., as Class IIII directors, to serve for a three-year term ending at the annual meeting of stockholders to be held in 2025.2027.

Directors Continuing in Office

The following table identifies our directors, and sets forth their principal occupation and business experience during the last five years and their ages as of March 31, 2022.2024.

 

Name

  

Positions and Offices Held with Aura
Biosciences, Inc.

  

Director
Since

  

Class and Year
in Which Term
Will Expire

  

Age

  

Position and Office Held with Aura Biosciences,

Inc.

  Director
Since
   

Class and Year

in Which Term

Will Expire

  Age 
Antony Mattessich  Director  2021  Class III—2024  55
Sapna Srivastava, Ph.D.  Director  2021  Class III—2024  51

Elisabet de los Pinos, Ph.D.

  Chief Executive Officer, President and Director   2021   Class I—2025   51 

Giovanni Mariggi, Ph.D.

  Director   2021   Class I—2025   39 

Raj Parekh, Ph.D.

  Director   2021   Class I—2025   63 
David Johnson  Chairman of the Board of Directors and Director  2021  Class II—2023  57  Chairman of the Board of Directors and Director   2021   Class II—2026   59 
Karan Takhar  Director  2021  Class II—2023  31  Director   2021   Class II—2026   32 

Class I Directors (Terms Expire at 2025 Annual Meeting)

Elisabet de los Pinos, Ph.D., is our founder, Chief Executive Officer and President. Since our founding in January 2010, Dr. de los Pinos has led our strategy and operations and has spearheaded our fundraising efforts. Prior to our founding, she was a brand manager in Eli Lilly & Co.’s oncology business unit, where she was part of the leadership team responsible for the market launch in Europe of Alimta, a drug for the treatment of lung cancer. Earlier in her career, Dr. de los Pinos worked as a post-doctoral fellow at the Institute of Cancer Research at the University of London. She previously completed research fellowships at the Mount Sinai School of Medicine Institute of Molecular Medicine of New York University and at the Georgetown School of Medicine. She is a member of the board of overseers at the Museum of Science, Boston. Dr. de los Pinos has been named to Boston Business Journal’s 2009 “Top 40 under 40” list; as a Mass High Tech “Woman to Watch” in 2010; as a “Technology Pioneer” by the World Economic Forum in 2010; and as one of Goldman Sachs’s “100 Most Intriguing Entrepreneurs” in 2014. Dr. de los Pinos holds a Ph.D., magna cum laude, in Molecular Biology from the University of Barcelona and an M.B.A. from IE Business School.

Giovanni Mariggi, Ph.D., has served as a member of our Board of Directors since April 2019. Dr. Mariggi is a member of the co-founding team at Medicxi, having served as a partner since October 2018 and a principal from February 2016 to September 2018. Prior to Medicxi, Dr. Mariggi served in multiple roles at Index Ventures, or Index, over four years, ultimately serving as a principal from January 2015 to January 2016. Prior to joining Index, Dr. Mariggi worked at Cancer Research UK’s London Research Institute (now the Crick Institute) conducting research on vascular biology and angiogenesis, whilst also performing competitive intelligence projects as an independent consultant to various biopharma companies. He currently serves on the boards of a number of portfolio companies, including Vicebio Ltd, Vaderis AG and Ateda Therapeutics Limited. Dr. Mariggi holds a Ph.D. in Biochemistry and Molecular Biology from University College London and a B.Sc. in Biochemistry from Imperial College London. We believe Dr. Mariggi’s experience and background in the biopharmaceutical industry provides him with the appropriate set of skills to serve as a member of our Board of Directors.

9


Raj Parekh, Ph.D., has served as a member of our Board of Directors since 2015. Dr. Parekh joined Advent Life Sciences LLP, or Advent, as a general partner in 2005, bringing over 20 years of experience in biomedical research and as an entrepreneur and investor. Since joining Advent, he has been involved with portfolio companies primarily engaged in the discovery of new medicines, including Avila Therapeutics, Inc., Aleta Biotherapeutics, Inc., Levicept Ltd., Artax Biopharma, Inc. and Amphista Therapeutics Limited. Earlier in his career, Dr. Parekh co-founded Oxford GlycoSciences, which was sold to UCB-Celltech. He then served as chairman of Galapagos NV, a member of the Supervisory Board of the Novartis Venture Fund and a founding director of Celldex Therapeutics. Dr. Parekh currently serves on the boards of directors of several portfolio companies, including Arrakis Therapeutics and Levicept Ltd. Previously, Dr. Parekh served on the board of directors of Eloxx Pharmaceuticals (formerly Nasdaq: ELOX; OTC: ELOX) from April 2021 to June 2022. Dr. Parekh holds a Ph.D. in Molecular Medicine and an M.A. in Biochemistry from Oxford University. We believe Dr. Parekh’s experience and background provides him with the appropriate set of skills to serve as a member of our Board of Directors.Dr. Parekh has notified the Company of his intention to resign as a member of the Board of Directors, effective on the date of the Annual Meeting. Dr. Parekh’s decision to resign from the Board of Directors did not result from any disagreement with the Company on any matter relating to our operations, policies or practices.

Class II Directors (Term Expires(Terms Expire at 20232026 Annual Meeting)

David (Dave) Johnson has served as a member of our boardBoard of directorsDirectors since January 2021. David Michael Johnson (Dave)He has 25 years of experience in biopharma. He is currently Founderthe biopharmaceutical space. Since July 2021, he has been founder and Chief Executive Officer (CEO)chief executive officer of Solve Therapeutics, Inc., a venture-backed start-up focused on developing next-generation monoclonal antibody (mAb)-based oncology therapeutics. Dave is also currently a partner at Velosity Capital, an early-stage venture group he founded in 2021.

Prior to Solve Therapeutics, DaveInc., Mr. Johnson was CEOchief executive officer of VelosBio Inc., which he founded in December 2017 based upon technology licensed from ThomasTom Kipps MD, PhD, of University of California-SanCalifornia, San Diego, and built out as a

fully functioning preclinical through clinical development organization.organization, and led through an acquisition by Merck & Co. in December 2020 for $2.75B. VelosBio was anInc. is a clinical stage, oncology-focused, biopharmaceutical company advancing novel ROR1-directed antibody-drug-conjugates (ADCs)ADCs and bispecific antibodies, (BiAbs), filing its first IND foror BiAbs. ROR1-directed-ADC VLS-101 in November 2018. Phase 1 clinical proof-of-conceptproof of concept data for the lead candidate, VLS-101 (zilovertamab vedotin), werewas presented at the American Society of Hematology meetingMeeting in the fourth quarter of 2020 (ultimatelyand published by NEJM Evidence in 2022) and the acquisition of VelosBio by Merck was completedmanuscript form in December 2020 for $2.75B.

2021. Before VelosBio DaveInc., Mr. Johnson was with Acerta Pharma, LLC, an oncology-focused pharmaceutical company focused on covalent small-molecule technology where he rose to CEO andchief executive officer. While with Acerta Pharma, LLC, he built out all facets of the corporation, including accelerating the growth of acalabrutinib to accelerate the development of Bruton-tyrosine-kinase inhibitor acalabrutinib (Calquence), rapidly movingmove from early- to late-stage clinical development and launching four global registration-directedregistration directed trials, including thean accelerated approval study that led towhich ultimately delivered acalabrutinib’s first regulatory approval. His tenure culminated in the execution of a strategic transaction with AstraZeneca valued at $7B.

Mr. Johnson is chairman of the board of Zentalis Pharmaceuticals, Inc. (Nasdaq: ZNTL), which is focused on the creation of differentiated small molecules targeting fundamental biological pathways of cancer. From April 2021 until its acquisition by Blueprint Medicine Corporation in December 2021, Mr. Johnson served as chairman of Lengo Therapeutics. Since November 2021, Mr. Johnson has also been a board member of Palleon Pharmaceuticals, Inc., a biopharmaceutical company focused on novel IO therapeutics targeting the immunosuppressive cell surface sialoglycan system associated with cancer cells. Prior to his CEOChief Executive Officer and board director roles, DaveMr. Johnson held various biopharmabiopharmaceutical roles of increasing responsibility with Calistoga Pharmaceuticals (acquired by Gilead Sciences), Gloucester Pharmaceuticals (acquired by Celgene), Millennium (acquired by Takeda), Immunex (acquired by Amgen), and Hoffman La-Roche making contributions to many drugs garnering regulatory approval. He has raised $750m+ in biopharma capital and delivered transactions valued at over $10B. DaveMr. Johnson is a coauthor on numerous publications including four New England Journal of Medicine (NEJM) manuscripts.

Dave has served on the board of directors of Zentalis Pharmaceuticals, Inc. (Nasdaq: ZNTL) since January 2020, currently serving as lead director, and Palleon Pharmaceuticals since November 2021, and he served as chairman of Lengo Therapeutics from April 2021 until its acquisition by Blueprint Medicine Corporation in December 2021. He has a bachelorsbachelor’s degree from Indiana University. We believe that Mr. Johnson’s experience as a pharmaceutical business leader provides him with the appropriate set of skills to serve as a member of our boardBoard of directors.Directors.

Karan Takhar has served as a member of our boardBoard of directorsDirectors since March 2021. Since 2013, Mr. Takhar has held roles of increasing responsibility at Matrix Capital Management, L.P., or Matrix, an investment fund focused on technology and life sciences. He currently serves as a Senior Managing Directorsenior managing director and the head of Life Sciences investing,Investing, a position he has held since February 2021. He previously served as a Managing Directormanaging director from January 2017 to January 2021 and as a Vice President from January 2016 to December 2016. Mr. Takhar has served as a member of the board of directors of Zentalis (Nasdaq: ZNTL) since December 2017. Mr. Takhar received a B.S. in Economics and Mathematics from the Massachusetts Institute of Technology. We believe Mr. Takhar’s experience investing in life sciences companies provides him with the appropriate set of skills to serve as a member of our boardBoard of directors.

Class III Directors (Term Expires at 2024 Annual Meeting)

Antony Mattessich has served as a member of our board of directors since September 2021. Mr. Mattessich is currently the Chief Executive Officer and a member of the board of directors of Ocular Therapeutix (Nasdaq: OCUL), a position he has held since August 2017. Prior to Ocular Therapeutix, beginning in 2009, he served in roles of increasing responsibility at Mundipharma International, including serving as Managing Director from May 2011 to August 2017. Previous to his time at Mundipharma, Mr. Mattessich ran the U.S. respiratory, dermatology and pediatrics group at Novartis AG, or Novartis. Before Novartis, Mr. Mattessich held several positions at Bristol-Myers Squibb, among them, Managing Director roles in Malaysia/Singapore and The Netherlands, and Head of Operations for the International Medicines Group. Mr. Mattessich holds a Masters in International Affairs from Columbia University and a B.A. from the University of California at Berkeley. We believe Mr. Mattessich’s leadership experience in biotech and pharmaceuticals provides him with the appropriate set of skills to serve as a member of our board of directors.

Sapna Srivastava, Ph.D., has served as a member of our board of directors since May 2021. Dr. Srivastava most recently served as the Interim Chief Financial Officer at eGenesis, Inc., or eGenesis, a position she has held from March 2021 until October 2021. Prior to eGenesis, she held similar roles as the Chief Financial and Strategy Officer at Abide Therapeutics, Inc. (acquired by Lundbeck) from September 2017 to January 2019 and at Intellia Therapeutics, Inc., or Intellia, from April 2015 to December 2016. In these positions, she has played a key role in equity financings including a successful initial public offering, strategic alliances, mergers and acquisitions and shaping the strategic direction of the companies. Before Intellia, Dr. Srivastava spent more than a decade as a senior biotechnology analyst for Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and ThinkEquity Partners. She has served on the board of VelosBio Inc., and currently serves on the boards of directors for Talaris Therapeutics, Inc. (Nasdaq: TALS), Nuvalent, Inc. (Nasdaq: NUVL), SQZ Biotechnologies Company (Nasdaq: SQZ) and Social Capital Suvretta Holdings Corp. II (Nasdaq: DNAB), a special purpose acquisition corporation. Dr. Srivastava holds a Ph.D. in Neuroscience from the New York University School of Medicine and a B.S. in Microbiology from St. Xavier’s College at the University of Mumbai. We believe Dr. Srivastava’s experience as an executive officer in the biopharmaceutical industry and investment banking provides her with the appropriate set of skills to serve as a member of our board of directors.Directors.

There are no family relationships between or among any of our directors or executive officers. The principal occupation and employment during the past five years of each of our directors was carried on, in each case except as specifically identified above, with a corporation or organization that is not a parent, subsidiary or other affiliate of us. There is no arrangement or understanding between any of our directors and any other person or persons pursuant to which he or she is to be selected as a director.

10


There are no material legal proceedings to which any of our directors is a party adverse to us or any of our subsidiaries or in which any such person has a material interest adverse to us.

11


PROPOSAL NO. 2 – APPROVAL OF AMENDMENT TO TENTH AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO REFLECT DELAWARE GENERAL CORPORATION LAW PROVISIONS REGARDING EXCULPATION OF OFFICERS

Background and Reasons for the Proposed Charter Amendment

Aura’s stockholders are being asked to approve an amendment to the Company’s Tenth Amended and Restated Certificate of Incorporation to limit the liability of certain of our officers as permitted by the DGCL. We refer to this proposed amendment to our Tenth Amended and Restated Certificate of Incorporation as the “Charter Amendment” in this proxy statement.

Our Board of Directors has determined that it is in the best interests of the Company and our stockholders to amend our Tenth Amended and Restated Certificate of Incorporation.

Article VII of our Tenth Amended and Restated Certificate of Incorporation currently eliminates the monetary liability of directors in certain circumstances pursuant to and consistent with the DGCL. The State of Delaware amended Section 102(b)(7) of the DGCL in 2022 to allow Delaware corporations to extend similar protections to officers. Specifically, the amendments to the DGCL allow Delaware corporations to exculpate their officers for personal liability for breaches of the duty of care in certain circumstances. For both directors and officers, the liability limitation does not apply to breaches of the duty of loyalty, acts or omissions not in good faith or acts or omissions that involve intentional misconduct or a knowing violation of law or any transaction in which the director or officer derived an improper personal benefit. In addition, for officers, amended Section 102(b)(7) of the DGCL only permits exculpation for direct claims brought by stockholders, as opposed to claims brought by or on behalf of the Company (e.g., derivative claims).

Adopting an officer exculpation provision that aligns with the protections afforded under the DGCL could prevent protracted or otherwise meritless litigation that distracts from our primary objective of creating stockholder value over the long term. The nature of the role of directors and officers often requires them to make decisions on crucial matters. Frequently, directors and officers must make decisions in response to time-sensitive opportunities and challenges, which can create substantial risk of investigations, claims, actions, suits or proceedings seeking to impose liability on the basis of hindsight, especially in the current litigious environment and regardless of merit. Our Board of Directors believes that limiting concern about personal liability will empower officers to best exercise their business judgment in furtherance of stockholder interests without the distraction of potentially being subject to claims following actions taken in good faith.

In addition, our Board of Directors believes it is important to provide protection to officers to the extent permitted by the DGCL to attract and retain executive talent. This protection has long been afforded to directors. Other public companies have updated their governing documents to align with amended Section 102(b)(7) of the DGCL, and we expect this practice to continue. The corporate law codes of several other states already permit corporations to exculpate officers in a similar manner to Section 102(b)(7) of the DGCL. Therefore, our ability to attract and retain highly qualified officer candidates may be adversely impacted if we do not implement the expanded protections now offered under the DGCL.

For the reasons stated above, in April 2024, our Board of Directors unanimously determined that the proposed Charter Amendment is advisable and in the best interest of Aura and our stockholders and authorized and approved the proposed Charter Amendment and directed that it be considered at the Annual Meeting. The Board of Directors believes the proposed Charter Amendment would better position Aura to attract top officer candidates and retain our current officers and enable the officers to exercise their business judgment in furtherance of the interests of the stockholders without the potential for distraction posed by the risk of personal liability.

The proposed Charter Amendment is not being proposed in response to any specific resignation, threat of resignation or refusal to serve by any officer.

12


Text of Proposed Charter Amendment

To ensure we are able to attract and retain key officers and in an effort to reduce litigation costs associated with frivolous lawsuits, we propose to adopt Article X so that it would state in its entirety as follows:

“ARTICLE X

LIMITATION OF OFFICER LIABILITY

To the fullest extent permitted by the DGCL, an Officer (as defined below) of the Corporation shall not be personally liable to the Corporation or its stockholders for monetary damages for breach of his or her fiduciary duty as an officer of the Corporation, except for liability (a) for any breach of the Officer’s duty of loyalty to the Corporation or its stockholders, (b) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (c) for any transaction from which the Officer derived an improper personal benefit, or (d) arising from any claim brought by or in the right of the Corporation. If the DGCL is amended after the effective date of this Certificate to authorize corporate action further eliminating or limiting the personal liability of Officers, then the liability of an Officer of the Corporation shall be eliminated or limited to the fullest extent permitted by the DGCL, as so amended. For purposes of this Article X, “Officer” shall mean an individual who has been duly appointed as an officer of the Corporation and who, at the time of an act or omission as to which liability is asserted, is deemed to have consented to service of process to the registered agent of the Corporation as contemplated by 10 Del. C. § 3114(b).

Any amendment, repeal or modification of this Article X by either of (i) the stockholders of the Corporation or (ii) an amendment to the DGCL, shall not adversely affect any right or protection existing at the time of such amendment, repeal or modification with respect to any acts or omissions occurring before such amendment, repeal or modification of a person serving as an Officer at the time of such amendment, repeal or modification.”

The proposed Charter Amendment is attached as Appendix A to this proxy statement.

Timing and Effect of the Charter Amendment

If the proposed Charter Amendment is approved by our stockholders, it will become effective immediately upon the filing of the Certificate of Amendment with the Secretary of State of the State of Delaware, which we expect to file promptly after the Annual Meeting. Other than the addition of Article X, the remainder of our Tenth Amended and Restated Certificate of Incorporation will remain unchanged after effectiveness of the Charter Amendment. If the proposed Charter Amendment is not approved by our stockholders, our Tenth Amended and Restated Certificate of Incorporation will remain unchanged. In accordance with the DGCL, the Board of Directors may elect to abandon the proposed Charter Amendment without further action by the stockholders at any time prior to the effectiveness of the filing of the Certificate of Amendment with the Secretary of State of the State of Delaware, notwithstanding stockholder approval of the proposed Charter Amendment.

Vote Required and Board of Directors’ Recommendation

To amend Aura’s Tenth Amended and Restated Certificate of Incorporation for the proposed Charter Amendment, this Proposal No. 2 must receive “for” votes from a majority of the outstanding shares of capital stock entitled to vote. Abstentions and broker non-votes, if any, will have the same effect as a vote “against” Proposal No. 2.

The Board of Directors recommends voting “FOR” Proposal No. 2 to amend Aura’s Tenth Amended and Restated Certificate of Incorporation.

13


PROPOSAL NO. 3 – RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS AURA BIOSCIENCES, INC.’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 20222024

Aura’s stockholders are being asked to ratify the appointment by the audit committee of the board of directorsAudit Committee of Ernst & Young LLP as Aura’s independent registered public accounting firm for the fiscal year ending December 31, 2022.2024. Ernst & Young LLP has served as Aura’s independent registered public accounting firm since 2016.

The audit committeeAudit Committee is solely responsible for selecting Aura’s independent registered public accounting firm for the fiscal year ending December 31, 2022.2024. Stockholder approval is not required to appoint Ernst & Young LLP as Aura’s independent registered public accounting firm. However, the boardBoard of directorsDirectors believes that submitting the appointment of Ernst & Young LLP to the stockholders for ratification is good corporate governance. If the stockholders do not ratify this appointment, the audit committeeAudit Committee will reconsider whether to retain Ernst & Young LLP. If the selection of Ernst & Young LLP is ratified, the audit committee,Audit Committee, at its discretion, may direct the appointment of a different independent registered public accounting firm at any time it decides that such a change would be in the best interest of Aura and its stockholders.

A representative of Ernst & Young LLP is expected to be present at the Annual Meeting and will have an opportunity to make a statement if he or she desires to do so and to respond to appropriate questions from our stockholders.

Aura incurred the following fees from Ernst & Young LLP for the audit of the financial statements and for other services provided during the years ended December 31, 20212023 and 2020.2022.

 

  2021   2020   2023   2022 

Audit fees (1)

  $1,173,050   $295,900   $757,370   $676,184 

Audit-Related fees

   —      —      —     —  

Tax fees (2)

   30,900    16,480   $30,000   $27,500 

All other fees

   —      —      —     —  
  

 

   

 

   

 

   

 

 

Total fees

  $1,203,950   $312,380   $787,370   $703,684 
  

 

   

 

   

 

   

 

 

 

(1)

Audit fees consist of fees billed for the audit of our annual consolidated financial statements, the review of our interim financial statements included in our quarterly reportsQuarterly Reports on Form 10-Q and services in connection with our securities offerings, including registration statements, responding to SEC comment letters, comfort letters and consents.

(2)

Tax fees consist of fees billed for tax compliance, tax advice and tax planning services, including the review and preparation of federal and state income tax returns.

During our 2023 and 2022 fiscal years, no services other than those discussed above were provided by Ernst & Young LLP.

Audit Committee Pre-approval Policy and Procedures

Our audit committeeAudit Committee has adopted policies and procedures relating to the approval of all audit and non-audit services that are to be performed by our independent registered public accounting firm. This policy provides that we will not engage our independent registered public accounting firm to render audit or non-audit services unless the service is specifically approved in advance by our audit committeeAudit Committee or the engagement is entered into pursuant to the pre-approval procedure described below.

From time to time, our audit committeeAudit Committee may pre-approve specified types of services that are expected to be provided to us by our independent registered public accounting firm during the next 12 months. Any such pre-approval details the particular service or type of services to be provided and is also generally subject to a maximum dollar amount.

14


During our 20212023 and 20202022 fiscal years, no services were provided to us by Ernst & Young LLP other than in accordance with the pre-approval policies and procedures described above.

Vote Required and Board of Directors’ Recommendation

To ratify the appointment of Ernst & Young LLP as Aura Biosciences, Inc.’s independent registered public accounting firm for the fiscal year ending December 31, 2024, this Proposal No. 3 must receive “for” votes from a majority of the votes properly cast on the proposal. Abstentions and broker non-votes, if any, will have no impact on the outcome of this vote.

The boardBoard of directorsDirectors recommends voting “FOR” Proposal No. 23 to ratify the appointment of Ernst & Young LLP as Aura Biosciences, Inc.’s independent registered public accounting firm for the fiscal year ending December 31, 2022.2024.

15


CORPORATE GOVERNANCE

Director Nomination Process

Our nominatingNominating and corporate governance committeeCorporate Governance Committee is responsible for identifying individuals qualified to serve as directors, consistent with criteria approved by our boardBoard of directors,Directors and recommending such persons to be nominated for election as directors, except where we are legally required by contract, law or otherwise to provide third parties with the right to nominate.

The process followed by our nominatingNominating and corporate governance committeeCorporate Governance Committee to identify and evaluate director candidates includes requests to board members and others for recommendations, meetings from time to time to evaluate biographical information and background material relating to potential candidates, and interviews of selected candidates by management, recruiters, members of the committee and our boardBoard of directors.Directors. The qualifications, qualities and skills that our nominatingNominating and corporate governance committeeCorporate Governance Committee believes must be met by a committee-recommended nominee for a position on our boardBoard of directorsDirectors are as follows:

 

Nominees should demonstrate high standards of personal and professional ethics and integrity.

 

Nominees should have proven achievement and competence in the nominee’s field and the ability to exercise sound business judgment.

 

Nominees should have skills that are complementary to those of the existing board.Board of Directors.

 

Nominees should have the ability to assist and support management and make significant contributions to the Company’s success.

 

Nominees should have an understanding of the fiduciary responsibilities that are required of a member of the boardBoard of directorsDirectors and the commitment of time and energy necessary to diligently carry out those responsibilities.

Stockholders may recommend individuals to the nominatingNominating and corporate governance committeeCorporate Governance Committee for consideration as potential director candidates. Any such proposals should be submitted to our corporate secretaryCorporate Secretary at our principal executive offices no later than the close of business on the 90th day nor earlier than the close of business on the 120th day prior to the one-year anniversary of the date of the preceding year’s annual meeting and should include appropriate biographical and background material to allow the nominating and corporate governance committee to properly evaluate the potential director candidate and the number of shares of our stock beneficially owned by the stockholder proposing the candidate. Stockholder proposals should be addressed to Aura Biosciences, Inc., 85 Bolton80 Guest Street, Cambridge,Boston, MA 02140,02135, Attention: Corporate Secretary. We also encourage any such proposal be submitted via email to proxy@aurabiosciences.com. Assuming that biographical and background material has been provided on a timely basis in accordance with our bylaws, any recommendations received from stockholders will be evaluated in the same manner as potential nominees proposed by the nominatingNominating and corporate governance committee.Corporate Governance Committee. If our boardBoard of directorsDirectors determines to nominate a stockholder-recommended candidate and recommends his or her election, then his or her name will be included on our proxy card for the next annual meeting of stockholders. See “Stockholder Proposals” for a discussion of submitting stockholder proposals.

Director Independence

Our common stock is listed on The Nasdaq Global Market, or the Nasdaq. Under the Nasdaq listing rules, independent directors must comprise a majority of a listed company’s board of directors within twelve months from the date of listing. In addition, the Nasdaq listing rules require that, subject to specified exceptions, each member of a listed company’s audit, compensation and nominating and corporate governance committees be independent within twelve months from the date of listing. Audit committee members must also satisfy additional independence criteria, including those set forth in Rule 10A-3 under the Securities Exchange Act of 1934, as amended, or the Exchange Act, and compensation committee members must also satisfy the independence criteria set forth in Rule 10C-1 under the Exchange Act. Under Nasdaq listing rules, a director will

only qualify as an “independent director” if, in the opinion of that company’s board of directors, that person does not have a relationship that would interfere with the exercise of independent judgment in carrying out the responsibilities of a director. In order to be considered

16


independent for purposes of Rule 10A-3 under the Exchange Act, a member of an audit committee of a listed company may not, other than in his or her capacity as a member of the audit committee, the board of directors, or any other board committee: (1) accept, directly or indirectly, any consulting, advisory or other compensatory fee from the listed company or any of its subsidiaries, other than compensation for board service; or (2) be an affiliated person of the listed company or any of its subsidiaries. In order to be considered independent for purposes of Rule 10C-1, the board of directors must consider, for each member of a compensation committee of a listed company, all factors specifically relevant to determining whether a director has a relationship to such company which is material to that director’s ability to be independent from management in connection with the duties of a compensation committee member, including, but not limited to: the source of compensation of the director, including any consulting advisory or other compensatory fee paid by such company to the director, and whether the director is affiliated with the company or any of its subsidiaries or affiliates.

In March 2022,2024, our boardBoard of directorsDirectors undertook a review of the composition of our boardBoard of directorsDirectors and its committees and the independence of each director. Based upon information requested from and provided by each director concerning his or her background, employment and affiliations, including family relationships, our boardBoard of directorsDirectors has determined that all members of the boardBoard of directors,Directors, except Elisabet de los Pinos, Ph.D., are independent directors, including for purposes of Nasdaq and the SEC rules. In making that determination, our boardBoard of directorsDirectors considered the relationships that each director has with us and all other facts and circumstances the boardBoard of directorsDirectors deemed relevant in determining independence, including the potential deemed beneficial ownership of our capital stock by each director and respective affiliations, including non-employee directors that are affiliated with certain of our major stockholders. We expect that the composition and functioning of our boardBoard of directorsDirectors and each of our committees will continue to comply with all applicable requirements of Nasdaq and the rules and regulations of the SEC. There are no family relationships among any of our directors or executive officers. Elisabet de los Pinos, Ph.D., is not an independent director under these rules because she is currently employed as the chief executive officerChief Executive Officer and presidentPresident of our company.Company.

Board Committees

Our boardBoard of directorsDirectors has established an audit committee,Audit Committee, a compensation committee,Compensation Committee, and a nominatingNominating and corporate governance committee,Corporate Governance Committee, each of which operate pursuant to a charter adopted by our boardBoard of directors.Directors. We believe that the composition and functioning of all of our committees comply with the applicable requirements of Nasdaq, the Sarbanes-Oxley Act of 2002 and the SEC rules and regulations that are applicable to us. We intend to comply with future requirements to the extent they become applicable to us.

The full text of our audit committee charter, compensation committee charterAudit Committee Charter, Compensation Committee Charter and nominatingNominating and corporate governance charterCorporate Governance Committee Charter is posted on the investor relations portion of our website at https://aurabiosciences.com/. We do not incorporate the information contained on, or accessible through, our corporate website into this prospectus, and you should not consider it a part of this prospectus.

Audit Committee

Sapna Srivastava, Ph.D., Giovanni Mariggi, Ph.D., and Antony Mattessich serve on the audit committee,Audit Committee, which is chaired by Dr. Srivastava. Our boardBoard of directorsDirectors has determined that each member of the audit committeeAudit Committee is “independent” for audit committee purposes as that term is defined in the rules of the SEC and the applicable Nasdaq rules, and each has sufficient knowledge in financial and auditing matters to serve on the audit committee.Audit Committee. Our boardBoard of directorsDirectors has designated Dr. Srivastava as an “audit committee financial expert,” as defined under the applicable rules of the SEC. During the fiscal year ended December 31, 2021,2023, the audit

committeeAudit Committee met 65 times. The reportReport of the audit committeeAudit Committee is included in this proxy statement under “Report of the Audit Committee.” The audit committee’sAudit Committee’s responsibilities include:

 

appointing, approving the compensation of, and assessing the independence of our independent registered public accounting firm;

 

pre-approving auditing and permissible non-audit services, and the terms of such services, to be provided by our independent registered public accounting firm;

 

17


reviewing the overall audit plan with our independent registered public accounting firm and members of management responsible for preparing our consolidated financial statements;

 

reviewing and discussing with management and our independent registered public accounting firm our annual and quarterly consolidated financial statements and related disclosures as well as critical accounting policies and practices used by us;

 

coordinating the oversight and reviewing the adequacy of our internal control over financial reporting;

 

establishing policies and procedures for the receipt and retention of accounting-related complaints and concerns;

 

recommending, based upon the audit committee’s review and discussions with management and our independent registered public accounting firm, whether our audited consolidated financial statements shall be included in our Annual Report on Form 10-K;

 

monitoring the integrity of our consolidated financial statements and our compliance with legal and regulatory requirements as they relate to our consolidated financial statements and accounting matters;

 

preparing the audit committee reportReport of the Audit Committee required by SEC rules to be included in our annual proxy statement;

 

reviewing all related person transactions for potential conflict of interest situations and approving all such transactions; and

 

reviewing quarterly earnings releases.releases; and

overseeing our cybersecurity risk management program.

All audit and non-audit services, other than de minimis non-audit services, to be provided to us by our independent registered public accounting firm must be approved in advance by our audit committee.Audit Committee.

Compensation Committee

David Johnson and Karan Takhar serve on the compensation committee,Compensation Committee, which is chaired by Mr. Johnson. Our boardBoard of directorsDirectors has determined that each member of the compensation committeeCompensation Committee is “independent” as defined in the applicable Nasdaq rules. During the fiscal year ended December 31, 2021,2023, the compensation committeeCompensation Committee met 67 times. The compensation committee’sCompensation Committee’s responsibilities include:

 

annually reviewing and recommending to the boardBoard of directorsDirectors the corporate goals and objectives relevant to the compensation of our Chief Executive Officer;

 

evaluating the performance of our Chief Executive Officer in light of such corporate goals and objectives and based on such evaluation, recommending to the boardBoard of directorsDirectors the cash compensation of our Chief Executive Officer;

 

determining the compensation of our other executive officers;

 

overseeing and administering our compensation and similar plans;

 

reviewing and approving the retention or termination of any consulting firm or outside advisor to assist in the evaluation of compensation matters and evaluating and assessing potential and current compensation advisors in accordance with the independence standards identified in the applicable Nasdaq rules;

retaining and approving the compensation of any compensation advisors;

 

reviewing and approving the grant of equity-based awards;

 

18


reviewing and recommending to the boardBoard of directorsDirectors the compensation of our directors; and

 

preparing our compensation committee reportCompensation Committee Report if and when required by SEC rules, if and when required, to be included in our annual proxy statement.

Nominating and Corporate Governance Committee

Antony Mattessich, David Johnson and Karan Takhar serve on the nominatingNominating and corporate governance committee,Corporate Governance Committee, which is chaired by Mr. Mattessich. Our boardBoard of directorsDirectors has determined that each member of the nominatingNominating and corporate governanceCorporate Governance committee is “independent” as defined in the applicable Nasdaq rules. The nominating and corporate governance committee was first constituted in October 2021 in connection with our IPO; they did not meet duringDuring the fiscal year ended December 31, 2021.2023, the compensation committee met 1 time. The nominatingNominating and corporate governance committee’sCorporate Governance Committee’s responsibilities include:

 

developing and recommending to the boardBoard of directorsDirectors criteria for board and committee membership;

 

establishing procedures for identifying and evaluating boardcandidates for the Board of director candidates,Directors, including nominees recommended by stockholders;

 

reviewing the composition of the boardBoard of directorsDirectors to ensure that it is composed of members containing the appropriate skills and expertise to advise us;

 

identifying individuals qualified to become members of the boardBoard of directors;Directors;

 

recommending to the boardBoard of directorsDirectors the persons to be nominated for election as directors and to each of the board’sBoard of Directors’ committees;

 

reviewing and recommending to the boardBoard of directorsDirectors appropriate corporate governance guidelines; and

 

overseeing the evaluation of our boardBoard of directors.Directors.

The nominatingNominating and corporate governance committeeCorporate Governance Committee considers candidates for boardmembership on our Board of directors membershipDirectors suggested by itsthe members of the Nominating and Corporate Governance Committee and the chief executive officer. Additionally, in selecting nominees for directors, the nominatingNominating and corporate governance committeeCorporate Governance Committee will review candidates recommended by stockholders in the same manner and using the same general criteria as candidates recruited by the committee and/or recommended by our boardBoard of directors.Directors. Any stockholder who wishes to recommend a candidate for consideration by the committeeNominating and Corporate Governance Committee as a nominee for director should follow the procedures described later in this proxy statement under the heading “Stockholder Proposals.” The nominatingNominating and corporate governance committeeCorporate Governance Committee will also consider whether to nominate any person proposed by a stockholder in accordance with the provisions of our bylaws relating to stockholder nominations as described later in this proxy statement under the heading “Stockholder Proposals.”

Identifying and Evaluating Director Nominees. Our boardBoard of directorsDirectors is responsible for filling vacancies on our boardBoard of directorsDirectors and for nominating candidates for election by our stockholders each year in the class of directors whose term expires at the relevant annual meeting. The boardBoard of directorsDirectors delegates the selection and nomination process to the nominatingNominating and corporate governance committee,Corporate Governance Committee, with the expectation that other members of the boardBoard of directors,Directors, and of management, will be requested to take part in the process as appropriate.

Generally, the nominatingNominating and corporate governance committeeCorporate Governance Committee identifies candidates for director nominees in consultation with management, through the recommendations submitted by stockholders or through such other methods as the nominatingNominating and corporate governance committeeCorporate Governance Committee deems to be helpful to identify candidates. Once

candidates have been identified, the nominatingNominating and corporate governance committeeCorporate Governance Committee confirms that the candidates meet all of the minimum qualifications for director nominees established by the nominatingNominating and corporate governance committee.Corporate Governance Committee. The nominatingNominating and corporate governance committeeCorporate Governance Committee may gather information about the candidates through interviews, detailed questionnaires, comprehensive background checks or any other means that the nominatingNominating and corporate governance committeeCorporate Governance Committee deems to be appropriate in the evaluation process. The nominatingNominating and corporate governance committeeCorporate Governance Committee then meets as a group to discuss and evaluate the qualities and skills of each candidate, both on an individual basis and taking into account the overall composition and needs of

19


our boardBoard of directors.Directors. Based on the results of the evaluation process, the nominatingNominating and corporate governance committeeCorporate Governance Committee recommends candidates for the boardBoard of directors’Directors’ approval to fill a vacancy or as director nominees for election to the boardBoard of directorsDirectors by our stockholders each year in the class of directors whose term expires at the relevant annual meeting.

Board and Committee Meetings Attendance

The full boardBoard of directorsDirectors met 1210 times during 2021.2023. During 2021,2023, each member of the boardBoard of directorsDirectors attended in person or participated in 75% or more of the aggregate of (i) the total number of meetings of the boardBoard of directorsDirectors (held during the period for which such person has been a director) and (ii) the total number of meetings held by all committees of the boardBoard of directorsDirectors on which such person served (during the periods that such person served)., except that Mr. Parekh attended less than 75% of the total aggregate of meetings of the Board of Directors and committees on which he served during the period when he was a member of the Board.

Director Attendance at Annual Meeting of Stockholders

Directors are responsible for attending the annual meeting of stockholders to the extent practicable. We did not holdheld an annual meeting of stockholders in 2021.on June 7, 2023, at which all of our directors were present.

Policy on Trading, Pledging and Hedging of Company Stock

Certain transactions in our securities (such as purchases and sales of publicly traded put and call options, and short sales) create a heightened compliance risk or could create the appearance of misalignment between management and stockholders. In addition, securities held in a margin account or pledged as collateral may be sold without consent if the owner fails to meet a margin call or defaults on the loan, thus creating the risk that a sale may occur at a time when an officer or director is aware of material, non-public information or otherwise is not permitted to trade in Companyour securities. Our insider trading policyAmended and Restated Insider Trading Policy expressly prohibits derivative transactions of our stock by our executive officers, directors, employees, consultants and designated contractors. Our insider trading policyAmended and Restated Insider Trading Policy expressly prohibits purchases of any derivative securities that provide the economic equivalent of ownership.

Compensation Committee Interlocks and Insider Participation

During fiscal 2021,year 2023, David Johnson and Karan Takhar George Golumbeski, Giovanni Mariggi, and Arthur Pappas were the only members of our compensation committee.Compensation Committee. None of the members of our compensation committeeCompensation Committee is, or has at any time during the prior three years been, one of our officers or employees. None of our executive officers currently serve, or have in the past fiscal year served, as a member of the board of directors or compensation committee of any entity that has one or more of its executive officers serving as a member of our boardBoard of directorsDirectors or our compensation committee.Compensation Committee.

Code of Business Conduct and Ethics

Our board of directorsWe have adopted a Code of Business Conduct and Ethics in connection with our initial public offering in November 2021. The Code of Business Conduct and Ethics will applythat applies to our directors, officers, and employees, including our principal executive officer, principal financial officer, principal accounting officer, or controller, or persons performing similar functions. The full text of our Code of Business Conduct and Ethics is

posted on our website at https://ir.aurabiosciences.com/corporate-governance/documents-charters. If we make any substantive amendments to, or grant any waivers from, our Code of Business Conduct and Ethics for any officer or director, we will disclose the nature of such amendment or waiver on our website or in a current report on Form 8-K.

Board Leadership Structure and Board’s Role in Risk Oversight

David Johnson is the current chairmanChairman of our boardBoard of directors.Directors. We believe that separating the positions of chief executive officerChief Executive Officer and chairpersonChairperson of the boardBoard of directorsDirectors allows our chief executive officerChief Executive Officer to focus on our day-to-day business, while allowing a chairpersonChairperson of the boardBoard of Directors to lead the boardBoard of directorsDirectors in its fundamental role of providing advice to and independent oversight of management. Our boardBoard of directorsDirectors recognizes the time, effort and energy that the chief executive officerChief Executive Officer is required to devote to her position in the current business environment, as well as the commitment required to serve as our chairperson,Chairperson, particularly as the boardBoard of directors’Directors’ oversight responsibilities continue to grow. While our amended and restated bylaws and corporate governance

20


guidelines do not require that our chairpersonChairperson and chief executive officerChief Executive Officer positions be separate, our boardBoard of directorsDirectors believes that having separate positions is the appropriate leadership structure for us at this time and demonstrates our commitment to good corporate governance. Risk is inherent to every business, and how well a business manages risk can ultimately determine its success. We face a number of risks, including risks relating to our financial condition, development and commercialization activities, operations, strategic direction and intellectual property. Management is responsible for the day-to-day management of risks we face, while our boardBoard of directors,Directors, as a whole and through its committees, has responsibility for the oversight of risk management. In its risk oversight role, our boardBoard of directorsDirectors has the responsibility to satisfy itself that the risk management processes designed and implemented by management are adequate and functioning as designed.

The role of the boardBoard of directorsDirectors in overseeing the management of our risks is conducted primarily through committees of the boardBoard of directors,Directors, as disclosed in the descriptions of each of the committees above and in the charters of each of the committees. The full boardBoard of directorsDirectors (or the appropriate board committee of the Board of Directors in the case of risks that are under the purview of a particular committee) discusses with management our major risk exposures, their potential impact on us, and the steps we take to manage them. When a board committee is responsible for evaluating and overseeing the management of a particular risk or risks, the chairman of the relevant committee reports on the discussion to the full boardBoard of directorsDirectors during the committee reports portion of the next board meeting. This enables the boardBoard of directorsDirectors and its committees to coordinate the risk oversight role, particularly with respect to risk interrelationships.

Communication with the Directors of Aura Biosciences, Inc.

Any interested party with concerns about our companyCompany may report such concerns to the boardBoard of directorsDirectors or the chairmanChairman of our boardBoard of directorsDirectors or the chairmanChairman of our nominatingNominating and corporate governance committee,Corporate Governance Committee, by submitting a written communication to the attention of such director at the following address:

c/o Aura Biosciences, Inc.

85 Bolton80 Guest Street

Cambridge,Boston, MA 0214002135

United States

You may submit your concern anonymously or confidentially by postal mail. You may also indicate whether you are a stockholder, customer, supplier or other interested party.

A copy of any such written communication may also be forwarded to Aura’s legal counsel and a copy of such communication may be retained for a reasonable period of time. The director may discuss the matter with Aura’s legal counsel, with independent advisors, with non-management directors, or with Aura’s management, or may take other action or no action as the director determines in good faith, using reasonable judgment, and applying his or her own discretion.

Communications may be forwarded to other directors if they relate to important substantive matters and include suggestions or comments that may be important for other directors to know. In general, communications relating to corporate governance and long-term corporate strategy are more likely to be forwarded than communications relating to ordinary business affairs, personal grievances and matters as to which we tend to receive repetitive or duplicative communications.

The audit committeeAudit Committee oversees the procedures for the receipt, retention and treatment of complaints received by Aura Biosciences regarding accounting, internal accounting controls or audit matters, and the confidential, anonymous submission by employees of concerns regarding questionable accounting, internal accounting controls or auditing matters. Aura Biosciences has also established a toll-free telephone number for the reporting of such activity, which is 877-554-1974.

21


NON-EMPLOYEE DIRECTOR COMPENSATION

The following table presents the total compensation for each person who served as a non-employee member of our boardBoard of directorsDirectors and received compensation for such service during fiscal year 2021. Other than as set forth in the table below, we did not pay any compensation, make any additional equity awards or non-equity awards to, or pay any other compensation to any of the non-employee members of our board of directors in fiscal year 2021.2023. Directors who also serve as employees received no additional compensation for their service as directors. During fiscal year 2021,2023, Elisabet de los Pinos, Ph.D., our Chief Executive Officer, was a member of our boardBoard of directors,Directors, as well as an employee, and received no additional compensation for her services as a director. See the section titled 2021“2023 Summary Compensation TableTable” for more information about her compensation in fiscal year 2021.2023.

20212023 Director Compensation Table

 

NAME

  FEES
EARNED
OR
PAID IN
CASH ($)
 OPTION
AWARDS
($) (1)
   TOTAL
($)
   FEES
EARNED
OR PAID
IN CASH
($)
 OPTION AWARDS
($) (1)(2)
   TOTAL ($) 

David Johnson

   14,910   938,237    953,147   $84,000  $205,280   $289,280 

George S. Golumbeski, Ph.D.(2)

   10,754 (3)   —      10,754 

Giovanni Mariggi, Ph.D.(4)

   —     —      —   

Giovanni Mariggi, Ph.D. (3)

   —    —     —  

Antony Mattessich

   12,390   471,446    483,836   $55,500  $205,280   $260,780 

Raj Parekh, Ph.D.

   7,100 (5)   140,432    147,532 

Rajesh Parekh, Ph.D.

  $40,000(4)  $205,280   $245,280 

Sapna Srivastava, Ph.D.

   26,603   331,422    358,025   $55,000  $205,280   $260,280 

Karan Takhar(6)

   —     —      —   

Karan Takhar (5)

   —    —     —  

 

(1)

Amounts represent the aggregate grant date fair value of option awards granted to our directors during our fiscal year ended December 31, 2021,2023, computed in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”)Topic 718, or FASB ASC Topic 718. A discussion of the assumptions used in determining grant date fair value may be found in Note 9 to our consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021.2023, filed with the SEC on March 27, 2024. This amount does not correspond to the actual value that may be recognized by the director upon exercise of the applicable award or sale of the underlying shares of stock. Except as noted below, none of our directors held options to purchase our common stock or any other stock awards as of December 31, 2021.2023.

(2)

Dr. Golumbeski resigned fromAs of December 31, 2023, none of our boardnon-employee directors held unvested stock awards. The table below reflects the aggregate number of outstanding stock options held by our non-employeedirectors in March 2021.as of December 31, 2023:

NAMEAGGREGATE NUMBER OF SHARES
SUBJECT TO STOCK OPTIONS HELD AS
OF DECEMBER 31, 2023 (#)

David Johnson

377,167

Giovanni Mariggi, Ph.D.

— 

Antony Mattessich

101,649

Rajesh Parekh, Ph.D.

48,000

Sapna Srivastava, Ph.D.

101,649

Karan Takhar

— 

(3)

Amount was paid pursuant to a board offer letter dated November 13, 2019, pursuant to which Dr. Golumbeski was entitled to receive $50,000 annually for his board service, paid on a quarterly basis.

(4)

Dr. Mariggi has waived all compensation and stock options for which he would otherwise be eligible as a non-employee director.

(5)(4)

These cash fees were paid directly to a fund affiliated with Dr. Parekh’s employer, Advent Life Sciences.Advent.

(6)(5)

Mr. Takhar has waived all compensation and stock options that he would otherwise be eligible to receive for his service as a non-employee director.

 

NAME

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AGGREGATE NUMBER
OF SHARES
SUBJECT TO STOCK
OPTIONS HELD AS OF
DECEMBER 31, 2021 (#)

David Johnson

345,167

George S. Golumbeski, Ph.D.

—  

Giovanni Mariggi, Ph.D.

—  

Antony Mattessich

69,649

Rajesh Parekh, Ph.D.

16,000

Sapna Srivastava, Ph.D.

69,649

Karan Takhar

—  


Non-Employee Director Compensation Policy

In connection with our initial public offering, we implementedOur non-employee directors are compensated pursuant to a formal policy pursuant to which we pay our non-employee directors a cash retainer for service on our Board of Directors and for service on each committee on which the director is a member. The Chair of each committee receives a higher retainer for such service. The fees paid to non-employee directors for service on our Board of Directors and for service on each committee of our Board of Directors on which the director is a member are eligible to receive the following cash retainers:as follows:

 

Board of Directors:

  

Members

  $40,000 

Annual retainer for non-executive chair

  $30,000 

Audit Committee:

  

Members (other than chair)

  $7,500 

Retainer for chair

  $15,000 

Compensation Committee:

  

Members (other than chair)

  $5,000 

Retainer for chair

  $10,000 

Nominating and Corporate Governance Committee:

  

Members (other than chair)

  $4,000 

Retainer for chair

  $8,000 

In addition, the non-employee director compensation policy provides that, upon initial election to our boardBoard of directors,Directors, each each non-employee director will be granted an option to purchase 32,000 shares of our common stock, or the Initial Grant. The Initial Grant will vest in equal installments on the first, second and third anniversaries of the grant date, subject to continued service through the applicable vesting date. Furthermore, on the date of each annual meeting of stockholders, each non-employee director who continues as a non-employee director following such meeting will be granted an annual option to purchase 16,000 shares of our common stock, or the Annual Grant. The Annual Grant will vest in full on the earlier of (i) the first anniversary of the grant date or (ii) our next annual meeting of stockholders, subject to continued service through the applicable vesting date. Such awards are subject to full accelerated vesting upon the sale of the company.our Company.

We will reimburse all reasonable out-of-pocket expenses incurred by directors for their attendance at meetings of our boardBoard of directorsDirectors or any committee thereof.

Employee directors will receive no additional compensation for their service as a director.

23


EXECUTIVE OFFICERS

The following table identifies our executive officers, and sets forth their current positions at Aura Biosciences, Inc., and their ages as of March 31, 2022.April 1, 2024.

 

Name

  

Position Held with Aura Biosciences, Inc.

  

Officer
Since

  

Age

  

Position Held with Aura Biosciences, Inc.

  Officer
Since
   Age 
Elisabet de los Pinos, Ph.D.  President, Chief Executive Officer and Director  2010  49  Chief Executive Officer, President and Director   2010    51 
Julie B. Feder  Chief Financial Officer  2018  52  Chief Financial Officer   2018    54 
Cadmus C. Rich, M.D.  Chief Medical Officer and Head of Research & Development  2019  56
Mark De Rosch, Ph.D.  Chief Operating Officer  2021  58
Christopher Primiano, J.D.  Chief Business Officer  2021  41

J. Jill Hopkins, M.D.

  Chief Medical Officer and President of Research and Development   2023    59 

Mark Plavsic, Ph.D.

  Chief Technology Officer   2023    63 

Conor Kilroy

  General Counsel and Secretary   2024    42 

You should refer to “Class I Directors” above for information about our Chief Executive Officer and President, Elisabet de los Pinos, Ph.D. Biographical information for our other executive officers, as of March 31, 2022,2024, is set forth below.

Julie B. Federhas served as our Chief Financial Officer since August 2018. Prior to this role, Ms. Feder served as Chief Financial Officerchief financial officer at Verastem Oncology, or Verastem, from July 2017 to June 2018, where she was responsible for developing the company’s strategic financial plan and overseeing a rapid financial and staff growth. Prior to joining Verastem, Ms. Feder served as the Chief Financial Officerchief financial officer at the Clinton Health Access Initiative, Inc., or CHAI, from September 2011 to July 2017. At CHAI, Ms. Feder was responsible for managing a global team across multiple departments and developed the global finance strategy and internal audit, treasury and global payroll functions. Prior to joining CHAI, Ms. Feder spent three years at Genzyme Corporation, as Vice Presidentvice president of Internal Audit and later as Finance Integration Leader.finance integration leader. In these roles, she managed the day-to-day operations of Genzyme’sGenzyme Corporation’s global internal audit function, while leading the Genzyme Corporation Global Finance integration following Sanofi’s acquisition of Genzyme.Genzyme Corporation. Ms. Feder began her career at Deloitte & Touche LLP, where she was Senior Managersenior manager of Audit, Consulting and Enterprise Risk Services. Ms. Feder holds a B.S. in Accounting from Yeshiva University’s Sy Syms School of Business.

Cadmus Rich,J. Jill Hopkins, M.D., M.B.A. has served as our Chief Medical Officer and HeadPresident of Research and& Development since June 2019, having previouslyOctober 2023. Prior to this role, Dr. Hopkins served as senior vice president, global head of ophthalmology and exploratory development at Novartis and chief executive officer of Gyroscope Therapeutics (formerly Nasdaq: VISN), a Novartis company, where she was responsible for the global ophthalmic pipeline and portfolio of medicines, gene therapy, devices and digital solutions to impact eye disease and reduce visual impairment globally. Previously, Dr. Hopkins spent over a decade at Roche-Genentech in roles of increasing responsibility, most recently as global head ophthalmology personalized health care. Before Roche-Genentech, she spent over 20 years in clinical retinal research and academic practice at the University of Toronto, University of Southern California and Retina-Vitreous Associates Medical Group. Dr. Hopkins has over 30 years of cross-sector experience in ophthalmology, spanning clinical care, academia, education, industry, advocacy and innovation. Dr. Hopkins received her M.D. from McMaster University and completed her Ophthalmology residency at the University of Toronto. She has completed fellowships in Retinal Disease from Moorfields Eye Hospital in London UK and in Visual Electrophysiology from the Universities of Toronto and Ottawa. Dr. Hopkins is board certified in Ophthalmology from the American Board of Ophthalmology and the Royal College of Surgeons Canada.

Mark Plavsic, Ph.D., has served as our Senior Vice President, Chief MedicalTechnology Officer from October 2017 to May 2019. Dr. Rich also currently serves as a member/manager of ClearSight LLC, a role he has held since September 2020.2023. Prior to this role, Dr. Plavsic served as chief technology officer at Fate Therapeutics, Inc. (Nasdaq: FATE), a clinical-stage biopharmaceutical company and was previously chief technical officer at Lysogene, a late-stage gene therapy company. Dr. Plavsic also spent over 10 years at Sanofi Genzyme in Technical Operations, where he was head of Product Bio-safety and Global Manufacturing Process Improvement, and in Technology Development & Manufacturing, where he was head of Gene Therapy Development. Before joining us,Sanofi Genzyme, Dr. Rich was Vice PresidentPlavsic held various technical leadership positions with AstraZeneca (Nasdaq: AZN), Q-One Biotech Ltd. and Life Technologies. Dr. Plavsic has approximately 30 years of Clinical Development and Medical Affairs at Inotek Pharmaceuticals from May 2015 to September 2017. He previously held several senior positions at Alcon Laboratories, Inc., or Alcon,global biopharmaceutical experience including overseeing the pipeline strategy and R&D projects for Alcon’s intraocular lens product line and leading global pharmaceutical clinical trial management. Dr. Rich has extensive experience in R&D, having led or participated in nearly 75 development programs, including the submission and approval of multiple devices and pharmaceutical productsend-to-end technical operations in the United States, European Union, China, JapanEurope and Brazil/Latin America. He has directly led or participatedAustralasia and successful translation and scale-up of complex biologics from preclinical development through commercial launch and distribution. Dr. Plavsic received his Ph.D. in over 150 clinical trials across multiple ophthalmologyVirology and systemic indications as an executive leader, medical director, medical monitorImmunology and principal investigator. Dr. Rich has served on the board of directors of the North Carolina Specialty Hospital and is currently a member of the board of directors and treasurer of Prevent Blindness, the nation’s longest-acting volunteer eye health and safety organization, and Sustained Nanosystems, LLC, a company developing extended release technologies for drugs. Dr. Rich holds an M.D.his DVM from the University of North Carolina at Chapel Hill School of Medicine, an M.B.A. from Regis University, a Certified Physician Executive CertificationBelgrade, and is board certified in Microbiology, subspeciality Virology from the American Association for Physician LeadershipCollege of Veterinary Microbiologists, and a B.A. in Psychology from Case Western Reserve University.Regulatory Affairs Certification credentialed.

24


Mark De Rosch, Ph.D.Conor Kilroy has served as our Chief Operating Officer since March 2021. In this role, Dr. De Rosch is responsible for leading our global operations and regulatory strategy. Prior to joining us, Dr. De Rosch served as

Chief Regulatory Officer of Epizyme, Inc., or Epizyme, from September 2019 to March 2021 and led regulatory efforts for their first approved product, TAZVERIK® (tazemetostat). Prior to Epizyme, Dr. De Rosch served as Senior Vice President, Regulatory Affairs and Quality Assurance for Nightstar Therapeutics, or Nightstar, (acquired by Biogen in 2019) from April 2018 to September 2019, where he developed and implemented global regulatory roadmaps for their gene therapy programs in choroideremia and retinitis pigmentosa. Prior to Nightstar, he served as Senior Vice President, Regulatory Affairs, Quality Assurance and Chemistry, Manufacturing and Controls at Akebia Therapeutics, Inc. from August 2014 to February 2018. Dr. De Rosch holds a Ph.D. and an M.S. in Inorganic Chemistry from the University of California, San Diego and a B.S. in Chemistry/Biochemistry from the University of Wisconsin-Parkside.

Christopher Primiano has served as our Chief Business Officer since September 2021. Prior to joining us, from March 2014 to December 2020, Mr. Primiano served in roles with increasing responsibility at Karyopharm Therapeutics, Inc., most recently as Executive Vice President, Chief Business Officer, General Counsel and Secretary. In this role, Mr. Primiano was responsible for leading Karyopharm’s business development, operations and legal departments. Prior to joining Karyopharm, Mr. Primiano worked at multiple international law firms and led internal legal and business development departments. He was a counsel at Wilmer Cutler Pickering Hale and Dorr LLP, a full-service multinational law firm, and he served as Vice President, Corporate Development, General Counsel and Secretary since April 2024. Prior to this role, Mr. Kilroy served as general counsel and secretary at Neurogastrx, Inc. from September 2021 to May 2023. Mr. Kilroy also served in roles of GlassHouse Technologies,increasing responsibility at Ironwood Pharmaceuticals, Inc. (Nasdaq: IRWD) from June 2013 to February 2021, serving as senior vice president, general counsel and secretary beginning in April 2020 and vice president, general counsel and secretary beginning in April 2019. Prior to Ironwood Pharmaceuticals, Inc., an information technology consulting company, where he led global legal operations and managed asset and subsidiary acquisition and sale activity. Mr. PrimianoKilroy served as corporate counsel, securities at Boston Scientific Corporation (NYSE: BSX). Mr. Kilroy began his career as an associate at Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP,Goodwin Procter LLP. Mr. Kilroy holds a global law firm focused on venture capitalB.A. in Politics and the emerging technology marketplace. Mr. Primiano received an M.B.A.Sociology from the Boston College Carroll School of Management,Brandeis University and a J.D. from Boston College Law School and a B.A. in Political Economy and English from Georgetown University.School.

25


EXECUTIVE COMPENSATION

Our named executive officers for the year ended December 31, 20212023 are:

 

Elisabet de los Pinos, Ph.D., our President and Chief Executive Officer;

 

Julie B. Feder, our Chief Financial Officer; and

 

Cadmus C. Rich, M.D., our former Chief Medical Officer and Head of Research & Development.

20212023 Summary Compensation Table

The following table presents the compensation awarded to, earned by or paid to each of our named executive officers for the years indicated.

 

Name and Principal Position

 Year Salary
($)
 Bonus
($)(1)
 Stock
Awards
($)(2)
 Option
Awards
($)(2)
 Non-Equity
Incentive Plan
Compensation
($)(3)
 All Other
Compensation
($)(4)
 Total
($)
 
  Year   Salary ($)   Stock
Awards
($)(1)
   Option
Awards
($)(1)
   Non-Equity
Incentive Plan
Compensation
($)(2)
   All Other
Compensation
($)(3)
 Total ($) 

Elisabet de los Pinos, Ph.D.

  2021   431,816   70,538   1,040,998   5,098,639   157,462   16,803   6,816,256    2023    585,525    1,240,688    1,908,750    289,835    19,800   4,044,598 

President, Chief Executive Officer and Director

  2020   394,890   148,913   —     533,997   —     17,100   1,094,900    2022    555,000    —     —     222,000    18,300   795,300 

Julie B. Feder

  2021   360,407   —     367,500   1,466,906   145,042   —     2,339,855    2023    437,825    496,275    763,500    166,374    —    1,863,974 

Chief Financial Officer

  2020   343,216   113,249   —     95,877   —     —     552,342              

Cadmus C. Rich, M.D.

  2021   392,816   —     367,500   1,466,906   154,002   17,400   2,398,624    2023    388,125    347,393    534,450    —     399,214(4)   1,669,182 

Chief Medical Officer and Head of Research & Development

  2020   377,280   124,488   —     113,498   —     17,100   632,366 

Former Chief Medical Officer

   2022    440,000    —     —     123,200    18,300   581,500 

 

(1)

Amounts represent discretionary cash bonuses paid to our named executive officers based on performance in 2020. Amount in 2021 includes a discretionary bonus paid to Dr. de los Pinos upon consummation of the Series E financing.

(2)

Amounts represent the aggregate grant date fair value of the restricted stock unit and option awards granted to our named executive officers during ourthe fiscal year ended December 31, 2021,2023, computed in accordance with FASB ASC Topic 718. A discussion of the assumptions used in determining grant date fair value may be found in Note 9 to our consolidated financial statements included in our Annual Report on Form 10-Kfor the fiscal year ended December 31, 2021,2023, filed with the SEC on March 23, 2022.27, 2024. This amount does not correspond to the actual value that may be recognized by the named executive officer upon exercise of the applicable award or sale of the underlying shares of stock.

(3)(2)

Amounts represent the annual bonuses paid with respect to achievement of theour Company and, if applicable, individual performance objectives for 2021.2023 and 2022.

(4)(3)

The amounts reported represent matching contributions made by us under our 401(k) plan.

(4)

Dr. Rich resigned as Chief Medical Officer effective October 16, 2023. Amount reported represents (i) $19,800 in employer matching contributions made by us under our 401(k) plan, (ii) $12,189 in accrued vacation and (iii) nine months’ of severance ($341,550) and nine months’ of benefits continuation ($25,675) paid or accrued in 2023 pursuant to a Transition Agreement as described below under “—Executive Employment Arrangements.”

Narrative to 20212023 Summary Compensation Table

Our boardBoard of directorsDirectors and compensation committeeCompensation Committee review compensation annually for our executive officers. In setting executive base salaries and bonuses and granting equity incentive awards, we consider compensation for comparable positions in the market, the historical compensation levels of our executives, individual performance as compared to our expectations and objectives, our desire to motivate our employees to achieve short- and long-term results that are in the best interests of our stockholders and a long-term commitment to our Company. We target a general competitive position, based on independent third-party benchmark analytics to inform the mix of compensation of base salary, bonus or long-term incentives.

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Our compensation committeeCompensation Committee is authorized to retain the services of one or more executive compensation advisors, as it sees fit, in connection with the establishment of our executive compensation programs and related

policies. In fiscal year 2021,2023, the compensation committeeCompensation Committee continued to retain Pay Governance to provide it with market information, analysis and other advice relating to executive compensation on an ongoing basis. The compensation committeeCompensation Committee engaged Pay Governance to, among other things, assist in developing a group of peer companies to help us determine overall compensation for our executive officers, as well as to assess each separate element of compensation. The goal was to ensure that the compensation we offer to our executive officers, individually as well as in the aggregate, is competitive and aligned with our business and executive talent requirements. We do not believe the retention of, and the work performed by, Pay Governance creates any conflict of interest because Pay Governance performs no other work for theour Company besides advising the compensation committee.Compensation Committee.

Our compensation committeeCompensation Committee is responsible for determining the compensation for all executive officers. Based on its discretion, taking into account the factors noted above, the compensation committeeCompensation Committee sets the compensation for each executive officer, including for the Chief Executive Officer, without the Chief Executive Officer present.

Base salariesSalaries

Our named executive officers each receive a base salary to compensate them for services rendered to our company.Company. The base salary payable to each named executive officer is intended to provide a fixed component of compensation reflecting the executive’s skill set, experience, role and responsibilities. Base salaries are reviewed annually, typically in connection with our annual performance review process, approved by our boardBoard of directorsDirectors or the compensation committee,Compensation Committee, and may be adjusted from time to time to realign salaries with market levels after taking into account individual responsibilities, performance and experience.

For fiscal year 2021,2023, the annual base salary for each of Dr. de los Pinos, Ms. Feder and Dr. Rich were $431,816, $360,407$585,525, $437,825 and $392,816,$455,400, respectively.

Bonuses

We pay cash bonuses to reward our executives for their performance over the fiscal year, based on the achievement of certain corporate performance goals and, if applicable, individual performance goals. We believe such bonuses properly incentivize our named executive officers and allow us to remain competitive within the marketplace. The target annual bonuses for Dr. de los Pinos, Ms. Feder and Dr. Rich for the fiscal year ended December 31, 20212023 were 45%55%, 35%40% and 35%40% of annual base salary, respectively. Based on our achievement of the applicable performance goals for 2021,2023, the Compensation Committee determined that we had achieved 110%90% of our corporate goals, and, after evaluating applicable individual performance goals, each named executive officer (other than Dr. Rich) earned the amountsamount set forth in the 20212023 Summary Compensation Table above..above. Dr. Rich resigned in October 2023 and, accordingly, was not eligible to earn a bonus for 2023 performance.

Equity Compensation

Although we do not have a formal policy with respect to the grant of equity incentive awards to our executive officers, we believe that equity grants provide our executives with a strong link to our long-term performance, create an ownership culture and help to align the interests of our executives and our stockholders. In addition, we believe that equity grants promote executive retention because they incentivize our executive officers to remain in our employment during the vesting period. Accordingly, our boardBoard of directorsDirectors or our compensation committeeCompensation Committee periodically reviewreviews the equity incentive compensation of our named executive officers and may grant equity incentive awards to them from time to time. During fiscal year 2021,2023, we granted both options to purchase shares of our common stock and restricted stock units to Dr. de los Pinos, Ms. Feder and Dr. Rich, as described in more detail in the “Outstanding Equity Awards at 2021 Fiscal Year End” table.our named executive officers.

Perquisites

We generally do not provide perquisites to our executives, other than matching contributions to our 401(k) plan, reimbursements for certain travel and relocation expenses and certain other de minimis perquisites to our executive officers, including our named executive officers.

27


Aura Biosciences, Inc. 401(k) Plan

We currently maintain a 401(k) retirement savings plan for our employees, including our named executive officers, who satisfy certain eligibility requirements. Our named executive officers are eligible to participate in the 401(k) plan on the same terms as other full-time employees. Our 401(k) plan is intended to qualify for favorable tax treatment under Section 401(a) of the Internal Revenue Code of 1986, as amended, (the “Code”),or the Code, and contains a cash or deferred feature that is intended to meet the requirements of Section 401(k) of the Code. We believe that providing a vehicle for tax-deferred retirement savings though our 401(k) plan adds to the overall desirability of our executive compensation package and further incentivizes our employees, including our named executive officers, in accordance with our compensation policies.

Executive Employment Arrangements

Elisabet de los Pinos, Ph.D.

We entered into an employment agreement with Dr. de los Pinos, who serves as our Chief Executive Officer, in January 2015, which we amended in October 2017, or as amended, the de los Pinos Employment Agreement. The de los Pinos Employment Agreement provides for Dr. de los Pinos’s at-will employment, base salary and annual target bonus. Dr. de los Pinos is also eligible to participate in the employee benefit plans available to our employees, subject to the terms of those plans.

Pursuant to the de los Pinos Employment Agreement, in the event that Dr. de los Pinos’s employment is terminated by us without “cause” or by Dr. de los Pinos for “good reason” (as defined in the de los Pinos Employment Agreement), subject to the execution and effectiveness of a release within 60 days of such termination, she will be entitled to receive (i) 12 months of base salary continuation and a pro-rata share of any bonus for which Dr. de los Pinos was eligible, (ii) continued vesting of stock options for 12 months and (iii) subject to the Dr. de los Pinos’s timely election to continue COBRA health coverage and copayment of premium amounts at the applicable active employees’ rate, we will continue to pay the share of the premiums that we would have paid to provide health insurance to Dr. de los Pinos for the 12 month severance period. In the event that such termination occurs within nine months after a “change of control” (as defined in the de los Pinos Employment Agreement), Dr. de los Pinos will, subject to the execution and effectiveness of a release within 60 days of such termination, be entitled to receive a lump sum payment equal to 12 months of base salary as of the date of termination.

The de los Pinos Employment Agreement contains non-competition and non-solicitation provisions that apply during Dr. de los Pinos’s employment with us and for one year thereafter.

Julie B. Feder

In August 2018, we entered into an employment offer letter, or the Feder Offer Letter, with Ms. Feder, who serves as ourfor the position of Chief Financial Officer. The Feder Offer Letter provides for Ms. Feder’s at-will employment, base salary, and target annual bonus. Ms. Feder is eligible to participate in the employee benefit plans available to our employees, subject to the terms of those plans.

Pursuant to the Feder Offer Letter, in the event that Ms. Feder’s employment is terminated by us without “cause” (as defined in the Feder Offer Letter), subject to her execution of a release within 60 days of such termination, Ms. Federshe will be entitled to receive (i) continuation of her annual base salary for nine months and (ii) providedsubject to Ms. Feder has properly electedFeder’s timely election to continue her healthcareCOBRA health coverage pursuantand copayment of premium amounts at the applicable active employees’ rate, a monthly cash payment equal to COBRA, the continuation of healthcare coverage premiums on the same premium-sharing basisamount that we would have paid to provide health insurance to Ms. Feder for nine months.

Ms. Feder has also entered into a Confidential Information, Non-Solicitation, and Invention Assignment Agreement with us that contains non-solicitation and non-disclosure provisions that apply during and for 12 monthsone year following her employment with us.

28


Cadmus Rich, M.D.

InOn October 2017, we entered into an employment offer letter, or the Rich Offer Letter, with16, 2023, Dr. Rich who currently servesresigned as our Chief Medical Officer and Headtransitioned into the role of Research & Development. The Rich Offer Letter provides for Dr. Rich’s at-will employment, base salarySenior Clinical Advisor until November 7, 2023, or the Departure Date. Following the Departure Date, pursuant to a Resignation and target annual bonus.Consulting Agreement with us, or the Consulting Agreement, Dr. Rich is eligiblewill remain with Aura as Senior Clinical Advisor for an additional period of nine months beginning on the Departure Date, or the Consulting Period. Pursuant to participate in the employee benefit plans availableConsulting Agreement, Dr. Rich will be entitled to our employees,continued vesting of his restricted stock units and stock options, subject to the terms and conditions of those plans.

our 2021 Stock Option and Incentive Plan, or the 2021 Plan, and associated restricted stock unit award agreements and stock option agreements. In connection with Dr. Rich’s resignation, we and Dr. Rich entered into a Transition and Release Agreement, or the Transition Agreement, effective on November 7, 2023. Pursuant to the Rich Offer Letter, in the event that Dr. Rich’s employment is terminated by us without “cause” (as defined in the Rich Offer Letter),Transition Agreement and subject to his execution ofentering into a release within 60 days of such termination, he will beclaims in favor of our Company, Dr. Rich is entitled to receive (i) severance pay equal to continuation of his annual base salary for nine months and (ii) subject to Dr. Rich’s timely election to continue COBRA health coverage and copayment of premium amounts at the applicable active employees’ rate, a monthly cash payment equal to the amount that weour Company would have paid to provide health insurance to Dr. Rich until the earlier of nine months, eligibility for nine months.

medical care coverage through other employment or termination of eligibility under COBRA. Any continued vesting relating to Dr. Rich hasRich’s existing equity awards were subject, upon the Departure Date, to his entry into the Consulting Agreement. The Transition Agreement also entered into a Confidentiality, Intellectual Property, Non-Competitionincludes customary confidentiality and Non-Solicitationnon-disparagement Agreement with us that contains non-competition and non-disclosure provisions that apply during and for one year following his employment with us.provisions.

Compensation Risk Assessment

We believe that although a portion of the compensation provided to our executive officers and other employees is performance-based, our executive compensation program does not encourage excessive or unnecessary risk taking. This is primarily due to the fact that our compensation programs are designed to encourage our executive officers and other employees to remain focused on both short-term and long-term strategic goals, in particular in connection with our pay-for-performance compensation philosophy. As a result, we do not believe that our compensation programs are reasonably likely to have a material adverse effect on us.

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Outstanding Equity Awards at Fiscal 20212023 Year-End

The following table sets forth information regarding outstanding equity awards held by our named executive officers as of fiscal year 2021:2023:

 

 OPTION AWARDS (1) STOCK AWARDS   OPTION AWARDS (1)   STOCK AWARDS 

NAME

 Grant
Date
 Number of
Securities
Underlying
Unexercised
Options
Exercisable
(#)
 Number of
Securities
Underlying
Unexercised
Options
Unexercisable
(#)
 Option
Exercise
Price
($)
 Option
Expiration
Date
 Number of
Shares or
Units of
Stock
That Have
Not Vested
(#)
 Market Value
of
Shares or
Units of
Stock
That Have
Not Vested
($) (2)
   Grant Date   Number of
Securities
Underlying
Unexercised
Options
Exercisable
(#)
   Number of
Securities
Underlying
Unexercised
Options
Unexercisable
(#)
     Option
Exercise
Price ($)
   Option
Expiration
Date
   Number of Shares
or Units of Stock
That Have
Not Vested (#)
     Market Value of
Shares or Units of
Stock That Have
Not Vested ($)
 

Elisabet de los Pinos

 10/28/2021  —     —     —     —     74,357 (3)  $1,262,582    1/19/2023    —     —      —     —     121,875   (3)     1,079,813 
 10/28/2021   318,750 (4)   14.00   10/28/2031   —     —      1/19/2023    —     187,500   (4)     10.18    1/19/2033    —      —  
 6/28/2021  77,555   542,882 (5)   5.48   6/28/2031   —     —      10/28/2021    —     —      —     —     37,178   (5)     329,397 
 3/16/2020  89,322   105,567 (6)   4.25   3/16/2030   —     —      10/28/2021    172,656    146,094   (6)     14.00    10/28/2031    —      —  
 2/6/2019  45,014   18,534 (7)   3.16   2/6/2029   —     —      6/28/2021    387,779    232,658   (7)     5.48    6/28/2031    —      —  
 2/21/2018  349,757   15,206 (8)   2.74   2/21/2028   —     —      3/16/2020    186,769    8,120   (8)     4.25    3/16/2030    —      —  
 7/7/2017  14,598   —     5.21   7/7/2027   —     —      2/6/2019    63,548    —      3.16    2/6/2029    —      —  
 4/11/2016  14,598   —     5.48   4/11/2026   —     —      2/21/2018    364,963    —      2.74    2/21/2028    —      —  
 6/2/2015  10,948   —     5.07   6/2/2025   —     —      7/7/2017    14,598    —      5.21    7/7/2027    —      —  
 10/1/2014  5,474   —     5.76   10/1/2024   —     —      4/11/2016    14,598    —      5.48    4/11/2026    —      —  

Julie B. Feder

 10/28/2021  —     —     —     —     26,250 (3)  $445,725 
 10/28/2021  —     112,500 (4)   14.00   10/28/2031   —     —      6/2/2015    10,948    —      5.07    6/2/2025    —      —  
 6/28/2021  15,694   109,853 (5)   5.48   6/28/2031   —     —      10/1/2014    5,474    —      5.76    10/1/2024    —      —  
 3/16/2020  16,041   18,950 (6)   4.25   3/16/2030   —     —   
 2/6/2019  12,924   5,324 (7)   3.16   2/6/2029   —     —   
 10/3/2018  74,713   14,944 (9)   2.74   10/3/2028   —     —   

Cadmus Rich

 10/28/2021  —     —     —     —     26,250 (3)  $445,725 

Julie Feder

   1/19/2023    —     —      —     —     48,750   (3)     431,925 
 10/28/2021  —     112,500 (4)   14.00   10/28/2031   —     —      1/19/2023    —     75,000   (4)     10.18    1/19/2033    —      —  
 6/28/2021  15,694   109,853 (5)   5.48   6/28/2031   —     —      10/28/2021    —     —      —     —     13,124   (5)     116,279 
 3/16/2020  18,983   22,439 (6)   4.25   3/16/2030   —     —      10/28/2021    60,937    51,563   (6)     14.00    10/28/2031    —      —  
 2/6/2019  12,924   5,324 (7)   3.16   2/6/2029   —     —      6/28/2021    78,471    47,076   (7)     5.48    6/28/2031    —      —  
 2/21/2018  76,947   3,344 (10)   2.74   2/21/2028   —     —      3/16/2020    33,534    1,457   (8)     4.25    3/16/2030    —      —  
 10/11/2017  29,197   —     5.21   10/11/2027      2/6/2019    18,248    —      3.16    2/6/2029    —      —  
   10/3/2018    85,757    —      2.74    10/3/2028    —      —  

Cadmus Rich (9)

   1/19/2023    —     —      —     —     34,125   (3)     302,348 
   1/19/2023    —     52,500   (4)     10.18    1/19/2033    —      —  
   10/28/2021    —     —      —     —     13,124   (5)     116,279 
   10/28/2021    60,937    51,563   (6)     14.00    10/28/2031    —      —  
   6/28/2021    78,471    47,076   (7)     5.48    6/28/2031    —      —  
   3/16/2020    39,695    1,727   (8)     4.25    3/16/2030    —      —  
   2/6/2019    18,248    —      3.16    2/6/2029    —      —  
   2/21/2018    80,291    —      2.74    2/21/2028    —      —  
   10/11/2017    29,197    —      5.21    10/11/2027    —      —  

 

(1)

Each of the outstanding equity awards in the table above granted prior to our initial public offering, or IPO, was granted pursuant to our Amended and Restated 2009 Stock IncentiveOption and Restricted Stock Plan, as amended, or the 2009 Plan, or our 2018 Equity Incentive Plan, as amended, or the 2018 Plan. Each of the outstanding equity awards in the table above granted following our initial public offeringIPO was granted pursuant to our 2021 Stock Option and Incentive Plan, or the 2021 Plan.

(2)

Amounts are equal to $16.98,$8.86, the closing price of our common stock on December 31, 2021,29, 2023, the last trading day of 2023, times the number of unvested restricted stock units.

(3)

The restricted stock units vest in four equal annual installments following January 23, 2023.

(4)

25% of the shares subject to this stock option vest on the first anniversary of January 23, 2023 with the remainder vesting thereafter in 36 equal monthly installments.

(5)

The restricted stock units vest in four equal annual installments following October 28, 2021.

(4)(6)

25% of the shares subject to this stock option vest on the first anniversary of October 28, 2021 with the remainder vesting thereafter in 36 equal monthly installments.

(5)(7)

The shares vest in 48 equal monthly installments beginning on the one-month anniversary of the vesting commencement date of March 18,June 28, 2021.

(6)(8)

The shares vest in 48 equal monthly installments beginning on the one-month anniversary of the vesting commencement date of February 6, 2020.

(7)

The shares vest in 48 equal monthly installments beginning on the one-month anniversary of the vesting commencement date of February 6, 2019.

(8)

The shares vest in 48 equal monthly installments beginning on the one-month anniversary of the vesting commencement date of February 21, 2018.

(9)

25% ofDr. Rich resigned as Chief Medical Officer effective October 16, 2023 and departed as an employee on November 7, 2023. Pursuant to the shares subjectConsulting Agreement, Dr. Rich shall continue to thisvest in all outstanding options and restricted stock option vest on the first anniversary of August 13, 2018, with the remainder vesting thereafter in 36 equal monthly installments.units during a nine-month consulting period, as described above under “—Executive Employment Arrangements.”

(10)

25% of the shares subject to this stock option vest on the first anniversary of February 21, 2018, with the remainder vesting thereafter in 36 equal monthly installments.

30


Equity Compensation Plan Information

The following table provides information as of December 31, 20212023 with respect to the shares of our common stock that may be issued under our existing equity compensation plans.

 

Plan Category

  Number of
securities
to be issued
upon exercise
of outstanding
options, warrants
and rights (#)
(a)
 Weighted
average
exercise
price of
outstanding
options,
warrants
and rights ($)
(b)
 Number of
securities
remaining
available
for future
issuance
under equity
compensation
plans
(excluding
securities in
column (a)) (#)
(c)
   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
issuance under equity
compensation plans
(excluding securities
reflected in column (a))
(#)
 
  (a) (b) (c) 

Equity compensation plans approved by security holders(1)

   4,464,911 (2)   7.04 (2)   2,377,991 (3)    6,123,753(2)   8.46(2)   6,946,623(3) 

Equity compensation plans not approved by security holders

   —     —     —      —    —    —  
  

 

  

 

  

 

   

 

  

 

  

 

 

Total

   4,464,911   7.04   2,377,991    6,123,753   8.46   6,946,623 
  

 

  

 

  

 

   

 

  

 

  

 

 

 

(1)

Includes the following plans: our Amended and Restatedthe 2009 Stock Option and Restricted Stock Plan, (the “2009 Plan”), ourthe 2018 Equity Incentive Plan, (the “2018 Plan”), ourthe 2021 Stock Option and Incentive Plan, (the “2021 Plan”) and our 2021 Employee Stock Purchase Plan, (the “2021 ESPP”).or the 2021 ESPP.

(2)

Consists of 4,232,9915,030,351 shares issuable upon the exercise of outstanding options under the 2009 Plan, the 2018 Plan, and the 2021 Plan and 231,9201,093,402 shares issuable upon the vesting of restricted stock units. This does not include purchase rights under the 2021 ESPP because the purchase right (and therefore the number of shares to be purchased) will not be determined until the end of the current purchase period. Since restricted stock units do not have any exercise price, such units are not included in the weighted average exercise price calculation.

(3)

As of December 31, 2021,2023, a total of 3,352,1663,307,871 shares of our common stock have been reserved for issuance pursuant to the 2021 Plan, which number excludes the 1,460,5822,457,539 shares that were added to the plan as a result of the automatic annual increase on January 1, 2022.2024. The 2021 Plan provides that the number of shares reserved and available for issuance under the plan will automatically increase each January 1, beginning on January 1, 2022, by 5% of the outstanding number of shares of our common stock on the immediately preceding December 31 or such lesser number of shares as determined by the compensation committee.Compensation Committee. This number will be subject to adjustment in the event of a stock split, stock dividend or other change in our capitalization. The shares of common stock underlying any awards that are forfeited, cancelled, held back upon exercise or settlement of an award to satisfy the exercise price or tax withholding, reacquired by us prior to vesting, satisfied without the issuance of stock, expire or are otherwise terminated, other than by exercise, under the 2021 Plan, the 2018 Plan and the 2009 Plan will be added back to the shares of common stock available for issuance under the 2021 Plan. TheOur Company no longer makes grants under the 2009 Plan and 2018 Plan. As of December 31, 2021,2023, a total of 335,217947,639 shares of our common stock have been reserved for issuance pursuant to the 2021 ESPP, which number excludes the 292,116335,217 shares that were added to the plan as a result of the automatic annual increase on January 1, 2022.2024. The 2021 ESPP provides that the number of shares reserved and available for issuance under the plan will automatically increase each January 1, beginning on January 1, 2022, by the lesser of (i) 335,217 shares of our common stock, (ii) 1% of the outstanding number of shares of our common stock on the immediately preceding December 31 or (iii) such lesser number of shares as determined by the compensation committee.Compensation Committee. This number will be subject to adjustment in the event of a stock split, stock dividend or other change in our capitalization.

31


CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS

Certain Relationships and Transactions

Other than the compensation agreements and other arrangements described under “Executive Compensation” and “Non-Employee Director Compensation” in this proxy statement and the transactions described below, since January 1, 2021,2022, there has not been and there is not currently proposed, any transaction or series of similar transactions to which we were, or will be, a party in which the amount involved exceeded, or will exceed, $120,000 (or, if less, 1% of the average of our total assets amounts at December 31, 20202022 and 2021)2023) and in which any director, executive officer, holder of five percent or more of any class of our capital stock or any member of the immediate family of, or entities affiliated with, any of the foregoing persons, had, or will have, a direct or indirect material interest.

Initial2022 Public Offering

In November 2021,December 2022, in connection with our initiala public offering, we sold an aggregate of 6,210,0007,705,000 shares of common stock, including the exercise in full by the underwriters of their exercise to purchase up to 810,0001,005,000 shares at a public offering price of $14.00$12.00 per share.share, or the 2022 Public Offering. The aggregate gross proceeds to us from the offering2022 Public Offering were approximately $86.9$92.5 million, before deducting underwriting discounts and commissions and other offering expenses. The following table summarizes purchases of our shares of common stock by related persons in connection with our initial public offering:the 2022 Public Offering:

 

STOCKHOLDER

  SHARES
OF
COMMON
STOCK
   TOTAL
PURCHASE
PRICE
 

Matrix Capital Management Master Fund, LP(1)

   1,785,000    24,990,000 

Entities affiliated with Medicxi(2)

   710,000    9,940,000 

STOCKHOLDER

  SHARES OF
COMMON
STOCK
   TOTAL
PURCHASE
PRICE
 

Matrix Capital Management Master Fund, L.P.(1)

   1,250,000    15,000,000 

 

(1)

Matrix Capital Management Master Fund, LP,L.P., beneficially owns more than five percent of our outstanding capital stock. Karan Takhar is an affiliate of Matrix Capital Management Master Fund, LPL.P. and a member of our boardBoard of directors.Directors.

2023 Public Offering

In November 2023, in connection with a public offering, we sold an aggregate of 11,000,000 shares of common stock at a public offering price of $9.00 per share, or the 2023 Public Offering. The aggregate gross proceeds to us from the 2023 Public Offering were approximately $99.0 million, before deducting underwriting discounts and commissions and other offering expenses. The following table summarizes purchases of our shares of common stock by related persons in connection with the 2023 Public Offering:

STOCKHOLDER

  SHARES OF
COMMON
STOCK
   TOTAL
PURCHASE
PRICE
 

Matrix Capital Management Master Fund, L.P.(1)

   1,560,000    14,040,000 

(2)(1)

Entities affiliated with Medicxi collectivelyMatrix Capital Management Master Fund, L.P., beneficially ownowns more than five percent of our outstanding capital stock. Giovanni Mariggi, Ph.D.Karan Takhar is a memberan affiliate of MedicxiMatrix Capital Management Master Fund, L.P. and a member of our boardBoard of directors.Directors.

Agreements with Stockholders

In connection with our Series E convertible preferred stock financing, we entered into investors’ rights, voting and right of first refusal and co-sale agreements containing registration rights, information rights, voting rights and rights of first refusal, among other things, with certain holders of our preferred stock and certain holders of our common stock. These stockholder agreements terminated upon the closing of our initial public offeringIPO in November 2021, except for the registration rights granted under our investors’ rights agreement, as more fully described in our Description of Securities, filed as Exhibit 4.1 to our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the SEC on March 23, 2022.27, 2024.

32


Indemnification Agreements

In connection with our initial public offering in November 2021, weWe have entered into agreements to indemnify our directors and executive officers. These agreements, among other things, require us to indemnify these individuals for certain expenses (including attorneys’ fees), judgments, fines and settlement amounts reasonably incurred by such person in any action or proceeding, including any action by or in our right, on account of any services undertaken by such person on our behalf or that person’s status as a member of our boardBoard of directorsDirectors to the maximum extent allowed under Delaware law.the DGCL.

Policies for Approval of Related Party Transactions

Our boardBoard of directorsDirectors reviews and approves transactions with directors, officers and holders of five percent or more of our voting securities and their affiliates, each a related party. Prior to our initial public offeringIPO in November 2021, the material facts as to the related party’s relationship or interest in the transaction were disclosed to our boardBoard of directorsDirectors prior to their consideration of such transaction, and the transaction was not considered approved by our boardBoard of directorsDirectors unless a majority of the directors who are not interested in the transaction approved the transaction. Further, when stockholders are entitled to vote on a transaction with a related party, the material facts of the related party’s relationship or interest in the transaction were disclosed to the stockholders, who must approve the transaction in good faith.

In connection with our initial public offeringIPO in November 2021, we adopted a written related party transactions policy that provides that such transactions must be approved by our audit committee.Audit Committee. This policy became effective on the date on which the registration statement related to our initial public offeringIPO was declared effective by the SEC. Pursuant to this policy, the audit committeeAudit Committee has the primary responsibility for reviewing and approving or disapproving “related party transactions,” which are transactions between us and related persons in which the aggregate amount involved exceeds or may be expected to exceed $120,000 and in which a related person has or will have a direct or indirect material interest. For purposes of this policy, a related person will be defined as a director, executive officer, nominee for director, or greater than 5% beneficial owner of our common stock, in each case since the beginning of the most recently completed year, and their immediate family members.

33


PRINCIPAL STOCKHOLDERS

The following table sets forth information, to the extent known by us or ascertainable from public filings, with respect to the beneficial ownership of our common stock as of March 31, 20222024 by:

 

each of our directors;

 

each of our named executive officers;

 

all of our directors and executive officers as a group; and

 

each person, or group of affiliated persons, who is known by us to beneficially own greater-than-5.0% of our common stock.

The column entitled “Shares Beneficially Owned” is based on a total of 29,217,23649,504,405 shares of our common stock outstanding as of March 31, 2022.2024.

Beneficial ownership is determined in accordance with the rules and regulations of the SEC and includes voting or investment power with respect to our common stock. Shares of our common stock subject to options that are currently exercisable or exercisable within 60 days of March 31, 20222024, as well as restricted stock units vesting within 60 days after March 31, 2024, are considered outstanding and beneficially owned by the person holding the options for the purpose of calculating the percentage ownership of that person but not for the purpose of calculating the percentage ownership of any other person. Except as otherwise noted, the persons and entities in this table have sole voting and investing power with respect to all of the shares of our common stock beneficially owned by them, subject to community property laws, where applicable.

 

Name and Address of Beneficial Owner (1)

  Shares
Beneficially
Owned
   Percentage 

> 5% Stockholders:

    

Matrix Capital Management Master Fund, LP (2)

   4,112,870    14.1

Entities affiliated with Medicxi (3)

   3,039,892    10.4

Citadel-Multi Strategy Equities Master Fund Ltd. (4)

   2,315,102    7.9

Entities affiliated with Advent Life Sciences (5)

   2,023,857    6.9

Lundbeckfond Invest A/S (6)

   2,017,652    6.9

Chiesi Ventures, LP (7)

   1,625,071    5.6

Arix Bioscience Holdings Limited (8)

   1,600,076    5.5

Named Executive Officers and Directors:

    

Elisabet de los Pinos, Ph.D. (9)

   845,434    2.8

Cadmus Rich, M.D. (10)

   176,385    * 

Julie Feder (11)

   147,338    * 

David Johnson (12)

   240,643    * 

Giovanni Mariggi, Ph.D.

   —      —   

Raj Parekh, Ph.D.

   —      —   

Sapna Srivastava, Ph.D. (13)

   13,414    * 

Karan Takhar

   —      —   

Antony Mattessich (14)

   8,944    * 

Mark De Rosch, Ph.D. (15)

   45,290    * 

All executive officers and directors as a group (15 persons) (16)

   1,477,448    5.0

Name and address of beneficial owner (1)

  Shares
Beneficially
Owned
   Percentage 

> 5% Stockholders:

    

Matrix Capital Management Master Fund, LP (2)

   6,922,870    14.0

Eventide Asset Management, LLC (3)

   5,802,682    11.7

Adage Capital Partners, L.P. (4)

   4,225,000    8.5

Citadel-Multi Strategy Equities Master Fund Ltd. (5)

   3,631,494    7.3

Entities affiliated with Medicxi (6)

   3,039,892    6.1

Named Executive Officers and Directors:

    

Elisabet de los Pinos, Ph.D. (7)

   1,553,901    3.1

Cadmus Rich, M.D. (8)

   230,824    * 

Julie Feder (9)

   341,507    * 

David Johnson (10)

   726,892    1.5

Giovanni Mariggi, Ph.D.

   —     —  

Raj Parekh, Ph.D. (11)

   32,000    * 

Sapna Srivastava, Ph.D. (12)

   72,243    * 

Karan Takhar

   —     —  

Antony Mattessich (13)

   67,776    * 

All executive officers and directors as a group (10 persons) (14)

   2,794,319    5.4

 

*

Represents beneficial ownership of less than one percent.

(1)

Unless otherwise indicated, the address for each beneficial owner is c/o Aura Biosciences, Inc., 85 Bolton80 Guest Street, Cambridge,Boston, MA 02140.02135.

(2)

Information herein is based on the Schedule 13D13D/A filed with the SEC on November 4, 2021,9, 2023, jointly, by Matrix Capital Management Company LP, (“or Investment Manager”)Manager, and David E. Goel, (togetheror together with Investment Manager, the “Reporting Persons”).Reporting Persons. Matrix Capital Management Master Fund, LP, (“Matrix”)or Matrix, is the record owner of 4,112,8706,922,870 shares of common stock. Investment Manager is the investment advisor to Matrix with respect to the shares of common stock held by Matrix. Mr. Goel serves as the Managing General Partnermanaging general partner of Investment Manager with respect to the shares of common stock held by Matrix. Karan Takhar, a member of our boardBoard of directors,Directors, is a Senior Managing Directorsenior managing director of Matrix and may be deemed to have voting and dispositive power over the shares held by Matrix. The mailing address for Matrix is 1000 Winter Street, Suite 4500, Waltham, Massachusetts 02451.

34


(3)

Information herein is based on the Schedule 13G/A filed with the SEC on December 11, 2023, jointly, by Eventide Asset Management, LLC, or Eventide, Finny Kuruvilla, M.D. Ph. D., and Robin C. John, or collectively, the Reporting Persons, with respect to the shares owned by Eventide. Eventide Healthcare & Life Sciences Fund, or Eventide Fund, a registered investment company, is the record owner of 5,802,682 shares of common stock. Eventide is the investment advisor to Eventide Fund Eventide. Finny Kuruvilla, M.D. Ph. D., and Robin C. John have the shared power to vote or direct the vote of, and/or shared power to dispose or to direct the disposition of, the shares held by Eventide and Eventide Fund. The address for each of the persons and entities named in this footnote is One International Place, Suite 4210, Boston, MA 02110.

(4)

Information herein is based on the Schedule 13G/A filed with the SEC on February 7, 2024, jointly, by Adage Capital Partners, L.P., or ACP, Adage Capital Partners GP, L.L.C., or ACPGP, Adage Capital Management, L.P., or ACM, Robert Atchinson and Phillip Gross, or together, the Reporting Persons. ACP is the record owner of 4,225,000 shares of common stock. ACPGP is the general partner of ACP. ACM is the investment manager of ACP. Mr. Atchinson is (a) a managing member of Adage Capital Advisors, L.L.C., or ACA, managing member of ACPGP, and (b) a managing member of Adage Capital Partners LLC, or ACPLLC, general partner of ACM. Mr. Gross is (a) a managing member of ACA, managing member of ACPGP, and (b) a managing member of ACPLLC, general partner of ACM. Mr. Atchinson and Mr. Gross have shared power to vote the shares beneficially owned by ACP. The address for ACP, Mr. Atchinson and Mr. Gross is 200 Clarendon Street, 52nd floor, Boston, Massachusetts 02116.

(5)

Information herein is based on the Schedule 13G/A filed with the SEC on February 14, 2024, jointly, by Citadel Advisors LLC, or Citadel Advisors, Citadel Advisors Holdings LP, or CAH, Citadel GP LLC, or CGP, Citadel Securities LLC, or Citadel Securities, Citadel Securities Group LP, or CALC4, Citadel Securities GP LLC, or CSGP, and Kenneth Griffin, or collectively, the Reporting Persons, with respect to the shares owned by Citadel Multi-Strategy Equities Master Fund Ltd., or Citadel, CRBU Holdings LLC, or CRBH, and Citadel Securities. Citadel is the record owner of 3,568,099 shares of common stock, CRBH is the record owner of 37,967 shares of common stock and Citadel Securities is the record owner of 25,428 shares of common stock. Citadel Advisors is the portfolio manager of Citadel. CAH is the sole member of Citadel Advisors. CGP is the general partner of CAH. CALC4 is the non-member manager of CRBH and Citadel Securities. CSGP is the general partner of CALC4. Kenneth Griffin owns a controlling interest in CGP and CSGP and may be deemed to have shared power to vote or direct the vote of, and/or shared power to dispose or to direct the disposition of, the shares held by Citadel, CRBU and Citadel Securities. The foregoing should not be construed as an admission that Mr. Griffin or any of the Citadel-related entities is the beneficial owner of any of our securities other than the securities actually owned by such person (if any). The address for each of the persons and entities named in this footnote is Southeast Financial Center, 200 S. Biscayne Blvd., Suite 3300, Miami, Florida 33131.

(6)

Information herein is based on the Schedule 13D filed with the SEC on November 10, 2021, jointly, by Medicxi Growth I LP, (“or Growth I”),I, Medicxi Growth Co-Invest I LP, (“Growth Co-Invest I”I, and, together with Growth I, the “Medicxi Funds”),Medicxi Funds, Medicxi Growth I GP Limited, (“or Growth I GP”)GP, and Medicxi Ventures Management (Jersey) Limited, (“or Medicxi Manager”Manager and, collectively with the Medicxi Funds and Growth I GP, the “Reporting Person”).Reporting Person. Growth I is the record owner of 2,969,352 shares of common stock and Growth Co-Invest I is the record owner of 70,540 shares of common stock. Growth I GP is the sole managing general partner of the Medicxi Funds, and Medicxi Manager is the sole manager of the Medicxi Funds. Growth I GP and Medicxi Manager may be deemed to have voting and dispositive power over the shares held by the Medicxi Funds. The share ownership reported by the Medicxi Funds does not include any shares beneficially owned by Index Ventures Life VI (Jersey) LP and Yucca (Jersey) SLP, and each of the Medicxi Funds and their affiliates disclaim beneficial ownership of the securities beneficially owned by Index Ventures Life VI (Jersey) LP, Yucca (Jersey) SLP and their affiliates. Giovanni Mariggi, Ph.D. is a member of Medicxi and a member of our boardBoard of directors.Directors. The address of the principal business office of each of the Medicxi Funds is c/o Intertrust Fund Services (Jersey) Limited, 44 Esplanade, St. Helier, Jersey JE4 9WG.

(4)

Information herein is based on the Schedule 13G/A filed with the SEC on February 14, 2022, jointly, by Citadel Advisors LLC (“Citadel Advisors”), Citadel Advisors Holdings LP (“CAH”), Citadel GP LLC (“CGP”), Citadel Securities LLC (“Citadel Securities”), Citadel Securities Group LP (“CALC4”), Citadel Securities GP LLC (“CSGP”) and Kenneth Griffin (collectively, the “Reporting Persons”) with respect to the shares owned by Citadel Multi-Strategy Equities Master Fund Ltd. (“Citadel”), and Citadel Securities. Citadel is the record owner of 2,312,666 shares of common stock and Citadel Securities is the record owner of 2,436 shares of common stock. Citadel Advisors is the portfolio manager of Citadel. CAH is the sole member of Citadel Advisors. CGP is the general partner of CAH. CALC4 is the non-member manager of Citadel Securities. Kenneth Griffin owns a controlling interest in CGP and CSGP and may be deemed to have shared power to vote or direct the vote of, and/or shared power to dispose or to direct the disposition of, the shares held by Citadel and Citadel Securities. The foregoing should not be construed as an admission that Mr. Griffin or any of the Citadel-related entities is the beneficial owner of any of our securities other than the securities actually owned by such person (if any). The address for Citadel is 131 S. Dearborn Street, 32nd Floor, Chicago, Illinois 60603.

(5)

Information herein is based on the Schedule 13G filed with the SEC on February 14, 2022, jointly, by Advent Life Sciences LLP (“Advent”), Advent Life Sciences Fund I LP (“Advent Fund I”), Advent Life Sciences Fund III LP (“Advent Fund III”), ALS III Carry and Co-Invest LP (“ALS III”), Advent-Harrington Impact Fund LP (“Advent-Harrington”) and Rajesh Parekh, Ph.D. (collectively, the “Reporting Persons”). Advent is the record owner of 60,692 shares of common stock, Advent Fund I is the beneficial owner of 1,438,869 shares of common stock, Advent Fund III is the beneficial owner of 380,378 shares of common stock, ALS III is the beneficial owner of 16,269 shares of common stock and Advent-Harrington is the beneficial owner of 127,649 shares of common stock.. Advent is the manager of Advent Fund I, Advent Fund III, ALS III and Advent-Harrington (collectively, the “Advent Funds”) and has voting and dispositive power over the shares held by the Advent Funds. Rajesh Parekh, Ph.D., a member of our board of directors, is a General Partner of Advent, and may be deemed to have voting and dispositive power over the shares held by Advent and the Advent Funds. The address of each of the entities is 27 Fitzroy Square, London, United Kingdom W1T 6ES.

(6)

Information herein is based on the Schedule 13G filed with the SEC on January 26, 2022 by Lundbeckfond Invest A/S (“Lundbeckfond”) and Lene Skole (together with Lundbeckfond, the “Reporting Person”).

Lundbeckfond is the record owner of 2,017,652 shares of common stock. Lundbeckfond is wholly-owned by the Lundbeck Foundation, and the board of directors of the Lundbeckfond Foundation consists of Jørgen Huno Rasmussen, Steffen Kragh, Lars Holmqvist, Susanne Krüger Kjær, Michael Kjær, Peter Schütze, Gunhild Waldemar, Ludovic Tranholm Otterbein, Vagn Flink Møller Pedersen, Henrik Villsen Andersen and Peter Adler Würtzen. The board of directors of the Lundbeck Foundation serve as the board members of Lundbeckfond. No individual member of the Lundbeckfond board of directors is deemed to hold any beneficial ownership or reportable pecuniary interest in the shares held by Lundbeckfond. The board of directors of Lundbeckfond makes decisions with respect to investments made by Lundbeckfond, and the board of directors of Lundbeckfond and Lene Skole, the chief executive officer of Lundbeckfond, may be deemed to share voting and investment authority over the shares held by Lundbeckfond. Mette Kirstine Agger, a current member of our board of directors, is a Managing Partner at Lundbeckfond Ventures, which is an affiliate of Lundbeckfond. The address of Lundbeckfond Invest A/S is Scherfigsvej 7 DK-2100, Copenhagen Ø, Denmark.
(7)

Information herein is based on the Schedule 13G filed with the SEC on November 12, 2021, jointly, by Chiesi Ventures, LP (“Chiesi Ventures”), Chiesi Ventures, Inc. (“Chiesi”) and Giacomo Chiesi (collectively, the “Reporting Person”). Chiesi Ventures is the record owner of 1,625,071 shares of common stock. Chiesi, as General Partner of Chiesi Ventures, may be deemed to have voting and investment authority over the shares held by Chiesi Ventures, and Mr. Giacomo Chiesi is President of, and may be deemed to have control of, Chiesi. By virtue of their respectively relationships with Chiesi Ventures, each of Chiesi and Mr. Chiesi may be deemed to indirectly beneficially own the shares of which Chiesi Ventures is the record owner. The address of Chiesi Ventures, LP is 1 Broadway #14, Cambridge, MA 02142.

(8)

Information herein is based on the Schedule 13G/A filed with the SEC on February 10, 2022, jointly, by Arix Bioscience Plc (“Arix Plc”) and Arix Bioscience Holdings Limited (“Arix Ltd.” and collectively, the “Reporting Persons”). Arix Ltd. is the record owner of 1,600,076 shares of common stock. Arix Plc is the sole owner and parent of Arix Ltd. and may be deemed to indirectly beneficially own the shares held by Arix Ltd. The Arix Investment Committee, composed of Mark Chin, Peregrine Moncreiffe, Isaac Kohlberg and Maureen O’Connell, may be deemed to share voting and investment power over the shares held by Arix Ltd. The address of Arix Ltd. is 20 Berkeley Square, London, W1J 6EQ, United Kingdom.

(9)

Consists of (i) 131,412 shares of common stock held of record by EdlP Revocable Trust, (ii) 36,503 shares of common stock issuable upon the vesting of restricted stock units within 60 days after March 31, 2024, and (ii)(iii) options to purchase 714,0221,385,986 shares of our common stock that are exercisable within 60 days of March 31, 2022.2024.

35


(10)(8)

Consists of options to purchase 176,385230,824 shares of our common stock that are exercisable within 60 days of March 31, 2022.2024.

(11)(9)

Consists of (i) 13,305 shares of common stock issuable upon the vesting of restricted stock units within 60 days after March 31, 2024, and (ii) options to purchase 147,388328,202 shares of our common stock that are exercisable within 60 days of March 31, 2022.2024.

(12)(10)

Consists of (i) 139,672 shares of common stock held by Velosity Capital Management LLC, an entity that Mr. Johnson is the sole member of, (ii) 135,667 shares of common stock held individually, (iii) 150,000 shares of common stock held in irrevocable trusts, and (ii)(iv) options to purchase 100,971301,553 shares of our common stock that are exercisable within 60 days of March 31, 2022,2024, which are individually held by Mr. Johnson.

(13)(11)

Consists of options to purchase 13,41432,000 shares of our common stock that are exercisable within 60 days of March 31, 2022.2024.

(14)(12)

Consists of options to purchase 8,94472,243 shares of our common stock that are exercisable within 60 days of March 31, 2022.2024.

(15)(13)

Consists of options to purchase 45,29067,776 shares of our common stock that are exercisable within 60 days of March 31, 2022.2024.

(16)(14)

Consists of 271,084556,751 shares of our common stock, 49,808 shares of common stock issuable upon the vesting of restricted stock units within 60 days after March 31, 2024, and options to purchase 1,206,3642,187,760 shares of our common stock that are exercisable within 60 days of March 31, 2022.2024. Excludes shares held by Dr. Rich, who is not a current executive officer.

36


REPORT OF THE AUDIT COMMITTEE

The audit committeeAudit Committee is appointed by the boardBoard of directorsDirectors to assist the boardBoard of directorsDirectors in fulfilling its oversight responsibilities with respect to (1) the integrity of Aura’s financial statements and financial reporting process and systems of internal controls regarding finance, accounting, and compliance with legal and regulatory requirements, (2) the qualifications, independence, and performance of Aura’s independent registered public accounting firm, (3) the performance of Aura’s internal audit function, if any, and (4) other matters as set forth in the charter of the audit committee approved by the boardBoard of directors.Directors.

Management is responsible for the preparation of Aura’s consolidated financial statements and the financial reporting process, including its system of internal control over financial reporting and its disclosure controls and procedures. The independent registered public accounting firm is responsible for performing an audit of Aura’s financial statements in accordance with the standards of the Public Company Accounting Oversight Board (PCAOB) and issuing a report thereon. The audit committee’s responsibility is to monitor and oversee these processes.

In connection with these responsibilities, the audit committeeAudit Committee reviewed and discussed with management and the independent registered public accounting firm the audited consolidated financial statements of Aura Biosciences, Inc. for the fiscal year ended December 31, 2021.2023. The audit committeeAudit Committee also discussed with the independent registered public accounting firm the matters required to be discussed by the PCAOB’s Auditing Standard No. 1301, Communication with Audit Committees. In addition, the audit committeeAudit Committee received written communications from the independent registered public accounting firm confirming their independence as required by the applicable requirements of the PCAOB and has discussed with the independent registered public accounting firm their independence.

Based on the reviews and discussions referred to above, the audit committeeAudit Committee recommended to the boardBoard of directorsDirectors that the audited consolidated financial statements of Aura Biosciences be included in Aura’s 20212023 Annual Report, that was filed with the SEC. The information contained in this report shall not be deemed to be (1) “soliciting material,” (2) “filed” with the SEC, (3) subject to Regulations 14A or 14C of the Exchange Act, or (4) subject to the liabilities of Section 18 of the Exchange Act. This report shall not be deemed incorporated by reference into any of our other filings under the Exchange Act or the Securities Act, except to the extent that we specifically incorporate it by reference into such filing.

THE AUDIT COMMITTEE OF THE BOARD OF

THE AUDIT COMMITTEE OF THE BOARD OF
DIRECTORS OF AURA BIOSCIENCES, INC.
Sapna Srivastava, Ph.D., Chairperson
Giovanni Mariggi, Ph.D.
Antony Mattessich

DIRECTORS OF AURA BIOSCIENCES, INC.

Sapna Srivastava, Ph.D., Chairperson

Giovanni Mariggi, Ph.D.

Antony Mattessich

April 28, 202225, 2024

37


HOUSEHOLDING

Some banks, brokers and other nominee record holders may be participating in the practice of “householding” proxy statements and annual reports. This means that only one copy of our documents, including the Annual Report to stockholders and proxy statement, may have been sent to multiple stockholders in your household. We will promptly deliver a separate copy of either document to you upon written or oral request to Aura Biosciences, Inc., 85 Bolton80 Guest Street, Cambridge,Boston, MA 02140,02135, Attention: Corporate Secretary, telephone: (617) 500-8864. If you want to receive separate copies of the proxy statement or Annual Report to stockholders in the future, or if you are receiving multiple copies and would like to receive only one copy per household, you should contact your bank, broker or other nominee record holder, or you may contact us at the above address and phone number.

STOCKHOLDER PROPOSALS

A stockholder who would like to have a proposal considered for inclusion in our 20232025 proxy statement must submit the proposal in accordance with the procedures outlined in Rule 14a-8 of the Exchange Act so that it is received by us no later than December 29, 2022.26, 2024. However, if the date of the 20232025 Annual Meeting of Stockholders is changed by more than 30 days from the date of the previous year’s meeting, then the deadline is a reasonable time before we begin to print and send our proxy statement for the 20232025 Annual Meeting of Stockholders. The SEC rules set standards for eligibility and specify the types of stockholder proposals that may be excluded from a proxy statement. Stockholder proposals shouldmust be addresseddelivered by mail to Aura Biosciences, Inc., 85 Bolton80 Guest Street, Cambridge,Boston, MA 02140,02135, Attention: Corporate Secretary. We also encourage you to submit any such proposals via email to proxy@aurabiosciences.com.

To comply with the universal proxy rules, (once effective), stockholders who intend to solicit proxies in support of director nominees other than the Company’s nominees must provide notice that sets forth the information required by Rule 14a-19 under the Securities Exchange Act of 1934 no later than April 16, 2023.21, 2025.

If a stockholder wishes to propose a nomination of persons for election to our boardBoard of directorsDirectors or present a proposal at an annual meeting but does not wish to have the proposal considered for inclusion in our proxy statement and proxy card, our bylaws establish an advance notice procedure for such nominations and proposals. Stockholders at an annual meeting may only consider proposals or nominations specified in the notice of meeting or brought before the meeting by or at the direction of the boardBoard of directorsDirectors or by a stockholder of record on the record date for the meeting, who is entitled to vote at the meeting and who has delivered timely notice in proper form to our corporate secretary of the stockholder’s intention to bring such business before the meeting.

The required notice must be in writing and received by our corporate secretaryCorporate Secretary at our principal executive offices not less than 90 days nor more than 120 days prior to the first anniversary of the preceding year’s annual meeting. However, in the event that the date of the annual meeting is advanced by more than 30 days, or delayed by more than 60 days, from the first anniversary of the preceding year’s annual meeting, a stockholder’s notice must be so received no earlier than the 120th day prior to such annual meeting and not later than the close of business on the later of (A) the 90th day prior to such annual meeting and (B) the tenth day following the day on which notice of the date of such annual meeting was mailed or public disclosure of the date of such annual meeting was made, whichever first occurs. For stockholder proposals to be brought before the 20232025 Annual Meeting of Stockholders, the required notice must be received by our corporate secretaryCorporate Secretary at our principal executive offices no earlier than February 15, 202320, 2025 and no later than March 17, 2023.22, 2025. Stockholder proposals and the required notice should be addressed to Aura Biosciences, Inc., 85 Bolton80 Guest Street, Cambridge,Boston, MA 02140,02135, Attention: Corporate Secretary.

OTHER MATTERS

Our boardBoard of directorsDirectors does not know of any other matters to be brought before the Annual Meeting. If any other matters not mentioned in this proxy statement are properly brought before the meeting, the individuals named in the enclosed proxy intend to use their discretionary voting authority under the proxy to vote the proxy in accordance with their best judgment on those matters.

38


LOGOAppendix A

aura CERTIFICATE OF AMENDMENT

TO THE

TENTH AMENDED AND RESTATED CERTIFICATE OF INCORPORATION

OF

AURA BIOSCIENCES, INC. 85 BOLTON STREET CAMBRIDGE, MASSACHUSETTS 02140 UNITED STATES SCAN TO VIEW MATERIALS & VOTE VOTE BY INTERNET Before

(Pursuant to Section 242 of the

General Corporation Law of the State of Delaware)

Aura Biosciences, Inc., a corporation organized and existing under the laws of the State of Delaware (the “Corporation”), hereby certifies as follows:

1. The Meeting - GoCorporation was originally incorporated pursuant to www.proxyvote.comthe General Corporation Law of the State of Delaware (the “DGCL”) on January 13, 2009. A Tenth Amended and Restated Certificate of Incorporation was filed with the Secretary of State of the State of Delaware on November 2, 2021 (the “Charter”). Pursuant to Section 242 of the DGCL, this Certificate of Amendment (this “Amendment”) amends certain provisions of the Charter.

2. This Amendment has been approved and duly adopted by the Corporation’s Board of Directors and stockholders in accordance with the provisions of Section 242 of the DGCL.

3. The Charter is hereby amended by adding a new Article X to read in its entirety as follows:

“ARTICLE X

LIMITATION OF OFFICER LIABILITY

To the fullest extent permitted by the DGCL, an Officer (as defined below) of the Corporation shall not be personally liable to the Corporation or scanits stockholders for monetary damages for breach of his or her fiduciary duty as an officer of the QR Barcode above UseCorporation, except for liability (a) for any breach of the InternetOfficer’s duty of loyalty to transmit your voting instructions andthe Corporation or its stockholders, (b) for electronic deliveryacts or omissions not in good faith or which involve intentional misconduct or a knowing violation of information up until 11:59 p.m. Eastern Time on June 14, 2022. Have your proxy card in hand when you accesslaw, (c) for any transaction from which the web site and follow the instructions to obtain your records and to createOfficer derived an electronic voting instruction form. During The Meeting—Go to www.virtualshareholdermeeting.com/AURA2022 You may attend the meeting via the Internet and vote during the meeting. Have the information that is printedimproper personal benefit, or (d) arising from any claim brought by or in the box markedright of the Corporation. If the DGCL is amended after the effective date of this Certificate to authorize corporate action further eliminating or limiting the personal liability of Officers, then the liability of an Officer of the Corporation shall be eliminated or limited to the fullest extent permitted by the arrow availableDGCL, as so amended. For purposes of this Article X, “Officer” shall mean an individual who has been duly appointed as an officer of the Corporation and followwho, at the instructions. VOTE BY PHONE—1-800-690-6903 Usetime of an act or omission as to which liability is asserted, is deemed to have consented to service of process to the registered agent of the Corporation as contemplated by 10 Del. C. § 3114(b).

Any amendment, repeal or modification of this Article X by either of (i) the stockholders of the Corporation or (ii) an amendment to the DGCL, shall not adversely affect any touch-tone telephoneright or protection existing at the time of such amendment, repeal or modification with respect to transmit your voting instructions up until 11:59 p.m. Eastern Timeany acts or omissions occurring before such amendment, repeal or modification of a person serving as an Officer at the time of such amendment, repeal or modification.”

IN WITNESS WHEREOF, this Amendment, having been duly adopted in accordance with Section 242 of the DGCL, has been duly executed by a duly authorized officer of the Corporation on June 14, 2022. Have your proxy card in hand when you call and then follow the instructions. VOTE BY MAIL Mark, sign and date your proxy card and return it in the postage-paid envelope we have provided or return it to Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717. this [_] day of [_], 2024.

AURA BIOSCIENCES, INC.

By:

Name: Elisabet de los Pinos, Ph.D.

Title: President and Chief Executive Officer

39


LOGOLOGO

AURA BIOSCIENCES, INC.

80 GUEST STREET

BOSTON, MA 02135

UNITED STATES

VOTE BY INTERNET

Before The Meeting - Go to www.proxyvote.com or scan the QR Barcode above

Use the Internet to transmit your voting instructions and for electronic delivery of information

up until 11:59 p.m. Eastern Time on June 19, 2024. Have your proxy card in hand when

you access the web site and follow the instructions to obtain your records and to create an

electronic voting instruction form.

During The Meeting - Go to www.virtualshareholdermeeting.com/AURA2024
You may attend the meeting via the Internet and vote during the meeting. Have the information that is printed in the box marked by the arrow available and follow the instructions.
VOTE BY PHONE - 1-800-690-6903
Use any touch-tone telephone to transmit your voting instructions up until 11:59 p.m. Eastern Time on June 19, 2024. Have your proxy card in hand when you call and then follow the instructions.
VOTE BY MAIL
Mark, sign and date your proxy card and return it in the postage-paid envelope we have provided or return it to Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717.

TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS: D85514-P73905

V47839-P04605      KEEP THIS PORTION FOR YOUR RECORDS

— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — 

THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED.    DETACH AND RETURN THIS PORTION ONLY AURA BIOSCIENCES, INC. The Board of Directors recommends you vote FOR the following: 1. To elect three Class I directors to our board of directors, to serve until the 2025 annual meeting of stockholders and until their successor has been duly elected and qualified, or until their earlier death, resignation or removal; Nominees: 01) Elisabet de los Pinos, Ph.D. 02) Giovanni Mariggi, Ph.D. 03) Raj Parekh, Ph.D. For Withhold For All To withhold authority to vote for any individual All All Except nominee(s), mark “For All Except” and write the number(s) of the nominee(s) on the line below. The Board of Directors recommends you vote FOR the following proposal: 2. To ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2022. NOTE: Such other business as may properly come before the meeting or any adjournment thereof. For Against Abstain Please sign exactly as your name(s) appear(s) hereon. When signing as attorney, executor, administrator, or other fiduciary, please give full title as such. Joint owners should each sign personally. All holders must sign. If a corporation or partnership, please sign in full corporate or partnership name by authorized officer. Signature [PLEASE SIGN WITHIN BOX] Date Signature (Joint Owners) Date

AURA BIOSCIENCES, INC.

The Board of Directors recommends you vote FORthe following:

For

All

Withhold

All

For All  

Except  

To withhold authority to vote for any individual nominee(s), mark “For All Except” and write the number(s) of the nominee(s) on the line below.

1. To elect two Class III directors to our Board of Directors, to serve until the 2027 annual meeting of stockholders and until their successor has been duly elected and qualified, or until their earlier death, resignation or removal;

    Nominees:

    01)  Antony Mattessich
    02)  Sapna Srivastava, Ph.D.

The Board of Directors recommends you vote FOR the following proposals:

ForAgainstAbstain

2. To approve an amendment to our Tenth Amended and Restated Certificate of Incorporation to reflect Delaware General Corporation Law provisions regarding exculpation of officers.

3. To ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2024.

NOTE: Such other business as may properly come before the meeting or any adjournment thereof.

Please sign exactly as your name(s) appear(s) hereon. When signing as attorney, executor, administrator, or other fiduciary, please give full title as such. Joint owners should each sign personally. All holders must sign. If a corporation or partnership, please sign in full corporate or partnership name by authorized officer.

Signature [PLEASE SIGN WITHIN BOX]DateSignature (Joint Owners)Date


LOGO

Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting:

The Notice and Proxy Statement and 10-K are available at www.proxyvote.com. D85515-P73905 AURA BIOSCIENCES, INC. Annual Meeting of Stockholders June 15, 2022 10:30 AM, EDT This proxy is solicited by the Board of Directors The stockholder(s) hereby appoint(s) Elisabet de los Pinos, Ph.D. and Julie Feder, or either of them, as proxies, each with the power to appoint her substitute, and hereby authorize(s) them to represent and to vote, as designated on the reverse side of this ballot, all of the shares of Common Stock of AURA BIOSCIENCES, INC. that the stockholder(s) is/are entitled to vote at the Annual Meeting of Stockholders to be held at 10:30 AM, EDT on June 15, 2022, at www.virtualshareholdermeeting.com/AURA2022, and any adjournment or postponement thereof. Receipt of the Notice of the 2022 Annual Meeting of the Stockholders, Proxy Statement and 2021 Annual Report is hereby acknowledged. This proxy, when properly executed, will be voted in the manner directed herein. If no such direction is made, this proxy will be voted in accordance with the Board of Directors’ recommendations. Continued and to be signed on reverse side

— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — 

V47840-P04605  

AURA BIOSCIENCES, INC.

Annual Meeting of Stockholders

June 20, 2024 9:30 AM, Eastern Time

This proxy is solicited by the Board of Directors

The stockholder(s) hereby appoint(s) Elisabet de los Pinos, Ph.D. and Julie Feder, or either of them, as proxies, each with the power to appoint their substitute, and hereby authorize(s) them to represent and to vote, as designated on the reverse side of this ballot, all of the shares of Common Stock of AURA BIOSCIENCES, INC. that the stockholder(s) is/are entitled to vote at the Annual Meeting of Stockholders to be held at 9:30 AM, Eastern Time on June 20, 2024, at www.virtualshareholdermeeting.com/AURA2024, and any adjournment or postponement thereof. Receipt of the Notice of the 2024 Annual Meeting of the Stockholders, Proxy Statement and 2023 Annual Report is hereby acknowledged.

This proxy, when properly executed, will be voted in the manner directed herein. If no such direction is made, this proxy will be voted in accordance with the Board of Directors’ recommendations.

Continued and to be signed on reverse side