Form 4: Phillip Frost Acquires Additional OPKO Health Shares

Phillip Frost, CEO and Chairman of OPKO Health, reports the acquisition of additional shares through a series of transactions.

Summary

• On May 17, 2024, Phillip Frost acquired 163,997 shares of OPKO Health common stock at a weighted average price of $1.2878 per share.
• The shares were purchased in multiple transactions with prices ranging from $1.285 to $1.29.
• Following the reported transaction, Phillip Frost beneficially owns 3,068,951 shares directly.
• Phillip Frost also indirectly owns 211,132,222 shares through Frost Gamma Investments Trust and 30,127,177 shares through Frost Nevada Investments Trust.
• Frost Gamma Investments Trust is a 10% owner of OPKO Health.
• Phillip Frost disclaims beneficial ownership of the indirectly held securities except to the extent of any pecuniary interest.

Sentiment

Score: 7

Explanation: Phillip Frost's purchase of shares is a positive signal, suggesting confidence in the company's prospects. However, it's a single transaction and doesn't provide a comprehensive view of the company's overall health.

Positives

• Phillip Frost's purchase of additional shares could be interpreted as a sign of confidence in OPKO Health's future prospects.

Industry Context

Insider buying is often viewed positively by investors, as it suggests that those with the most knowledge of the company believe its stock is undervalued.

Stakeholder Impact

• The share purchase could positively influence shareholder sentiment.

Key Dates