4/A: Anteris Technologies CEO Wayne Paterson Exercises Stock Options, Amends Filing to Clarify Lock-Up Agreement
SEC Form 4/A
Wayne Paterson, CEO of Anteris Technologies Global Corp., exercised stock options and amended a previous filing to clarify restrictions related to a lock-up agreement.
Summary
- Wayne Paterson, the CEO of Anteris Technologies Global Corp., filed an amended Form 4 with the SEC.
- The amendment clarifies that the shares of common stock received upon exercise of stock options are subject to a lock-up agreement executed on November 14, 2024, in connection with the company's IPO.
- On March 5, 2025, Paterson exercised 233,000 stock options at a price of $7.13 per share.
- A total of 220,393 options were exercised and settled in cash, with the net cash equivalent (after taxes, withholdings, and the exercise price) used to cover the exercise of an additional 12,607 options.
- Following the transaction, Paterson directly owns 20,334 shares of common stock and indirectly owns 12,607 shares held by Citibank, N.A. London as custodian.
- The issuance of Common Stock was finalized on March 20, 2025.
- The option vested in two equal installments on February 8, 2022 and June 24, 2022.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to insider transactions and is common for publicly traded companies. The lock-up agreement is a standard practice following an IPO to prevent significant stock sales by insiders that could negatively impact the stock price.
Stakeholder Impact
- The exercise of stock options by the CEO could have a minor dilutive effect on existing shareholders.
- The lock-up agreement protects shareholders from a sudden influx of shares being sold on the market.
Key Dates
| Date | Description |
|---|---|
| 2022-02-08 | First vesting date of the stock option in two equal installments. |
| 2022-06-24 | Second vesting date of the stock option in two equal installments. |
| 2024-11-14 | Date of the lock-up agreement executed by Wayne Paterson in connection with Anteris Technologies' IPO. |
| 2025-03-05 | Date of the stock option exercise. |
| 2025-03-20 | Date the issuance of Common Stock was finalized. |
| 2025-03-21 | Date of the amended filing. |
Keywords
Form 4, Anteris Technologies, Wayne Paterson, stock options, lock-up agreement, insider trading, SEC filing, AVR, CEO
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