Form 4: Annexon Director Waddill Acquires 44,000 Stock Options
SEC Form 4 Filing
Director William D. Waddill acquired 44,000 stock options in Annexon, Inc. on June 5, 2024, according to a Form 4 filing.
Summary
- William D. Waddill, a director of Annexon, Inc., acquired 44,000 stock options on June 5, 2024.
- The options have an exercise price of $6.79.
- The options vest on the earlier of June 5, 2025, or the next Annual Meeting following June 5, 2024, contingent upon continuous service as a director.
- Following the transaction, Waddill directly owns 44,000 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock option grants, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock option grants to a company director, which is a common practice in publicly traded companies to incentivize and align the interests of management with shareholders.
Stakeholder Impact
- The granting of stock options to a director can align their interests with those of shareholders, potentially incentivizing them to increase shareholder value.
Key Dates
| Date | Description |
|---|---|
| 06/05/2024 | Date of transaction: acquisition of 44,000 stock options. |
| 06/05/2024 | Date the stock options were granted. |
| 06/05/2025 | Earliest vesting date for the stock options. |
| 06/05/2034 | Expiration date of the stock options. |
| 06/07/2024 | Date of the Form 4 filing. |
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