Form 4: Nuvation Bio Inc. Director Exercises Stock Options, Increasing Holdings
SEC Form 4 Filing
Director Daniel G. Welch exercised stock options at Nuvation Bio Inc., resulting in an increase in his beneficial ownership of Class A Common Stock.
Summary
- On May 24, 2024, Daniel G. Welch, a director of Nuvation Bio Inc., executed transactions involving stock options.
- Welch exercised options to acquire 293,203 shares of Class A Common Stock at a price of $1.74 per share.
- Additionally, Welch exercised options to acquire 366,744 shares of Class A Common Stock at a price of $1.64 per share.
- Following these transactions, Welch directly owns 659,947 shares of Class A Common Stock.
- Welch also holds 19,547 stock options with an exercise price of $1.74, and 0 stock options with an exercise price of $1.64.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports routine stock option exercises by a director. It doesn't inherently indicate positive or negative performance for the company.
Positives
- The exercise of stock options by a director could be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
This filing is a routine disclosure related to insider transactions and provides insight into the actions of company leadership.
Stakeholder Impact
- The increased holdings of a director may signal confidence to shareholders.
Key Dates
| Date | Description |
|---|---|
| 07/22/2020 | Start date for vesting of 293,203 options in 48 equal monthly installments. |
| 05/14/2033 | Expiration date for options to purchase 366,744 shares at $1.64. |
| 05/24/2024 | Date of stock option exercises. |
| 05/29/2024 | Date of signature on the Form 4 filing. |
| 07/21/2030 | Expiration date for options to purchase 293,203 shares at $1.74. |
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