Form 4: Aptevo Therapeutics Director Grant Grady III Reports Stock Transactions
SEC Form 4 Filing
Director Grant Grady III reports acquisition of Aptevo Therapeutics common stock through the vesting of restricted stock units.
Summary
- On June 1, 2024, Director Grant Grady III acquired 7 shares of Aptevo Therapeutics common stock through the vesting of restricted stock units (RSUs).
- On June 2, 2024, Grady acquired 81 shares of common stock through the vesting of additional RSUs.
- The RSUs convert into common stock on a one-for-one basis.
- The reported amounts have been adjusted to reflect a 1-for-44 reverse stock split that occurred on March 5, 2024.
- The director now directly owns 117 shares of common stock as of June 1, 2024 and 198 shares as of June 2, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions by a company director, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence for publicly traded companies. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The disclosure of insider transactions provides transparency to shareholders.
Key Dates
| Date | Description |
|---|---|
| June 1, 2021 | Reporting person was granted 893 (20 post-split) RSUs, vesting in three approximately equal annual installments beginning on June 1, 2022. |
| June 1, 2022 | First vesting date of RSUs granted on June 1, 2021. |
| June 2, 2023 | Reporting person was granted 3,571 (81 post-split) RSUs, vesting in full on the first anniversary of the date of grant. |
| March 5, 2024 | Aptevo Therapeutics effected a 1-for-44 reverse stock split. |
| June 1, 2024 | Director acquired 7 shares of common stock through RSU vesting. |
| June 2, 2024 | Director acquired 81 shares of common stock through RSU vesting. |
| June 3, 2024 | Date of the Form 4 filing. |
Keywords
Aptevo Therapeutics, Grant Grady III, Form 4, SEC, Director, Stock, RSU, Reverse Stock Split
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