Form 4: Macrogenics VP, Controller & Treasurer Beth Ann Smith Reports Stock Transactions
SEC Form 4
Beth Ann Smith, VP, Controller & Treasurer of Macrogenics Inc, reports the vesting of restricted stock units and subsequent sale of shares on February 15, 2025.
Summary
- On February 15, 2025, Beth Ann Smith, VP, Controller & Treasurer of Macrogenics Inc, reported transactions involving the company's common stock.
- Smith exercised 1,095 restricted stock units (RSUs) that converted into common stock.
- Following the conversion, Smith sold 423 shares of common stock at a price of $2.56 per share.
- After these transactions, Smith directly owns 9,532 shares of Macrogenics Inc.
- The reported transactions were filed as a Form 4 with the SEC.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing represents routine transactions related to stock options and sales by an officer. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they represent a small portion of the overall outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/15/2023 | Reporting person was granted 3,285 restricted stock units, 33% of which vested on February 15, 2024 and 33% of which will vest each year thereafter. |
| 02/15/2024 | 33% of the 3,285 restricted stock units vested. |
| 02/15/2025 | Earliest transaction date; reporting person exercised 1,095 restricted stock units and sold 423 shares. |
| 02/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, MACROGENICS INC, MGNX, Insider Trading, Stock Sale, Restricted Stock Units, Beneficial Ownership, SEC Filing
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