Form 4: Scilex Holding Co Director Jay Chun Exercises Stock Options
SEC Form 4 Filing
Director Jay Chun exercised stock options to acquire 5,000 shares of Scilex Holding Co common stock at $1.41 per share on June 20, 2024.
Summary
- On June 20, 2024, Jay Chun, a director of Scilex Holding Co, exercised nonstatutory stock options.
- This transaction involved the acquisition of 5,000 shares of common stock at a price of $1.41 per share.
- Following the transaction, Mr. Chun directly owns 107,500 shares of common stock and indirectly owns 11 shares through a child.
- He also directly owns 245,000 derivative securities in the form of nonstatutory stock options.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting a standard transaction by a company director. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.
Key Dates
| Date | Description |
|---|---|
| 10/04/2023 | Grant date of the nonstatutory stock options, vesting monthly thereafter. |
| 06/20/2024 | Date of transaction: Jay Chun exercised stock options. |
| 10/04/2033 | Expiration date of the nonstatutory stock options. |
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