Form 4: Biohaven CEO Vlad Coric Receives Additional Shares Due to Merger Calculation Error

Biohaven CEO Vlad Coric received an additional 694 common shares on April 5, 2024, to correct a calculation error related to a merger transaction completed on January 8, 2024.

Summary

• Vlad Coric, CEO of Biohaven Ltd., received additional common shares of Biohaven due to a correction of a calculation error related to a merger transaction.
• The merger, which occurred on January 8, 2024, involved the exchange of shares of common stock of the acquired company held by Mr. Coric for 16,168 common shares of Biohaven.
• On April 5, 2024, an additional 694 common shares were issued to Mr. Coric to rectify the initial miscalculation.
• Following these transactions, Mr. Coric directly owns 1,666,466 common shares.
• He also has indirect ownership through The Vlad Coric Family Trust (840,890 shares), The Vladimir Coric Marital Trust (407,213 shares), and a 401(k) plan (109,565 shares).

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a correction of a share calculation error. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency in the market. It reflects adjustments to shareholdings following corporate actions.

Stakeholder Impact

• The correction of the share calculation ensures accurate representation of ownership, which is important for shareholders.
• The disclosure provides transparency to the market, maintaining investor confidence.

Key Dates