4/A: Anteris Technologies Director Exercises Options and Settles in Cash
SEC Form 4/A
Director John D. Seaberg exercised stock options and settled them in cash, acquiring and disposing of shares of Anteris Technologies Global Corp.
Summary
- On March 6, 2025, John D. Seaberg, a director of Anteris Technologies Global Corp., exercised 40,000 stock options at a price of $7.13.
- 36,148 options were exercised and settled in cash, with the net cash equivalent (after the exercise price) used to cover the exercise of an additional 3,852 options.
- Following the transaction, Seaberg directly owns 15,858 shares of common stock and indirectly owns 3,852 shares through Citibank, N.A. London as custodian.
- The issuance of Common Stock was finalized on March 20, 2025.
- This amendment clarifies that the shares of common stock received upon exercise are subject to the restrictions in that certain Lock-Up Agreement executed by the reporting person on November 14, 2024 in connection with Anteris Technologies Global Corp.'s initial public offering.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors monitor these filings to understand the sentiment and actions of company insiders.
Comparison to Industry Standards
- Insider transactions are a normal part of corporate governance and are regularly disclosed by directors and officers of publicly traded companies.
- The exercise of stock options is a common form of compensation for executives and directors.
- Lock-up agreements are standard practice following an IPO to prevent insiders from immediately selling their shares and potentially destabilizing the stock price.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it involves the exercise of stock options and subsequent changes in ownership.
- The lock-up agreement protects shareholders from potential dilution immediately following the IPO.
Key Dates
| Date | Description |
|---|---|
| 2022-02-08 | First vesting date of the stock options in two equal installments. |
| 2022-06-24 | Second vesting date of the stock options in two equal installments. |
| 2024-11-14 | Date of Lock-Up Agreement execution by John Seaberg in connection with Anteris Technologies Global Corp.'s initial public offering. |
| 2025-03-06 | Date of stock option exercise and cash settlement. |
| 2025-03-20 | Finalization date of the issuance of Common Stock. |
| 2025-03-21 | Date of signature on the amended Form 4. |
Keywords
Anteris Technologies, stock options, director, John Seaberg, Form 4, beneficial ownership, AVR, lock-up agreement
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