Form 4: Scilex Holding Co: CFO Stephen Hoi Ma Executes Stock Option Transaction
SEC Form 4
Stephen Hoi Ma, CFO of Scilex Holding Co, reports the exercise of stock options and subsequent ownership of common stock.
Summary
- On June 20, 2024, Stephen Hoi Ma, the Chief Financial Officer of Scilex Holding Co, executed a transaction involving non-derivative securities.
- Ma acquired 2,000 shares of common stock at a price of $1.41 per share through the exercise of nonstatutory stock options.
- Following the transaction, Ma directly owns 16,140 shares of Scilex Holding Co common stock.
- The exercised options were part of a grant from October 4, 2023, vesting monthly, contingent on continued service.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the CFO's increased stake in the company, aligning his interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 10/04/2023 | Grant date of the nonstatutory stock options, vesting monthly thereafter. |
| 06/20/2024 | Date of transaction: Stephen Hoi Ma exercised stock options to acquire common stock. |
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