4/A: OmniAb Executive Corrects Beneficial Ownership Report, Amends Form 4 Filing

Charles S. Berkman, Chief Legal Officer of OmniAb, Inc., files an amended Form 4 to correct an understatement of shares beneficially held following a business combination.

Summary

• Charles S. Berkman, Chief Legal Officer of OmniAb, Inc., filed an amendment to a previous Form 4 on April 23, 2024, to correct the number of shares beneficially held.
• The original filing on November 3, 2022, understated the number of shares by 12,795.
• The corrected filing reflects that Berkman beneficially owns 305,412 shares of common stock as of the filing date.
• The shares were acquired as a result of the business combination between Avista Public Acquisition Corp. II and Legacy OmniAb, which converted Legacy OmniAb shares, options, and restricted stock units into Issuer securities.
• The corrected number includes 97,769 restricted stock units and 115,346 earn-out shares.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing. While it indicates a past error, the correction itself is a positive step towards transparency and accurate reporting.

Negatives

• The original Form 4 filing on November 3, 2022, contained an error, understating the number of shares beneficially held by Charles S. Berkman.

Industry Context

Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The correction of the Form 4 filing ensures that shareholders and potential investors have accurate information regarding insider ownership, promoting trust and informed decision-making.

Key Dates