Form 4: Scilex Holding Co. Executive Chairperson Ji Henry Acquires 10,000 Shares in Open Market Purchase
SEC Form 4 Filing
Executive Chairperson Ji Henry of Scilex Holding Co. reports purchasing 10,000 shares of common stock at $0.971 per share.
Summary
- On October 17, 2024, Ji Henry, the Executive Chairperson of Scilex Holding Co., purchased 10,000 shares of common stock in the open market at a price of $0.971 per share.
- Following this transaction, Ji Henry directly owns 311,273 shares of Scilex Holding Co. common stock.
- Ji Henry also indirectly owns 60,070 shares through BioVintage, Inc., 2,749 shares related to a settled put option, 292,264 shares held in family trusts, and 5,640 shares held by his spouse.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The purchase of shares by an executive can be seen as a positive sign, but it's a relatively small transaction.
Positives
- The Executive Chairperson's open market purchase could be interpreted as a sign of confidence in the company's future prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency regarding insider transactions in publicly traded companies.
Stakeholder Impact
- The purchase may have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 08/26/2022 | Reporting Person wrote a put option in Sorrento Common Stock |
| 12/30/2022 | Sorrento declared a stock dividend |
| 01/09/2023 | Record date for Sorrento's stock dividend |
| 03/17/2023 | The Put Option settled |
| 10/17/2024 | Ji Henry purchased 10,000 shares of SCLX common stock |
| 01/31/2025 | Expiration of lock-up on 2,749 shares of Common Stock |
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