Form 4: Celldex Therapeutics Director James J. Marino Transfers 10,500 Shares via Gift

Director James J. Marino of Celldex Therapeutics transferred 10,500 shares of common stock as a gift to a family member.

Summary

• James J. Marino, a director at Celldex Therapeutics, gifted 10,500 shares of common stock.
• The transaction occurred on November 18, 2024.
• The shares were transferred to an immediate family member who does not reside in the same household as Mr. Marino.
• Following the transaction, Mr. Marino directly owns 2,204 shares of Celldex Therapeutics stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC Form 4 filing for a stock transfer, which is neutral in sentiment.

Industry Context

This is a routine transaction related to insider ownership and does not indicate any specific trend in the biotechnology industry.

Comparison to Industry Standards

• Insider transactions are common and are regularly reported by directors and officers of publicly traded companies.
• The gift of shares is a personal transaction and does not reflect the company's performance or outlook.
• Similar transactions are seen across the biotechnology sector, with directors often managing their personal holdings.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a personal transfer of shares by a director.

Key Dates

Keywords

Celldex Therapeutics, James J. Marino, stock transfer, gift, director, share ownership