Form 4: Albert Friedberg Reports Purchase of VaccinEx Shares
SEC Form 4
Albert Friedberg, a director and 10% owner of VaccinEx, Inc., reports purchasing shares and holding warrants both directly and indirectly through related entities.
Summary
- On August 1, 2024, Albert Friedberg acquired 11,703 shares of VaccinEx, Inc. at a price of $4.72 per share.
- Following this transaction, Mr. Friedberg directly owns 2,094 shares and indirectly owns 774,118 shares through FCMI Parent Co., 16,724 shares through Friedberg Global-Macro Hedge Fund Ltd., and 180 shares through Pan Atlantic Holdings Ltd.
- Mr. Friedberg also indirectly holds warrants to purchase 102,960, 118,226, and 214,285 shares of common stock through FCMI Parent Co. with exercise prices of $7.64 and $14.
- Mr. Friedberg disclaims beneficial ownership of shares held by Pan Atlantic Holdings Ltd., Friedberg Global-Macro Hedge Fund Ltd., and FCMI Parent Co. except to the extent of his pecuniary interest.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The purchase of shares by a director suggests confidence, but the disclaimer of beneficial ownership through related entities tempers the positive signal.
Positives
- The purchase of shares by a director and significant shareholder could be interpreted positively by the market, signaling confidence in the company's prospects.
Industry Context
This filing reflects insider activity in the biopharmaceutical sector, where monitoring insider transactions is common to gauge sentiment and potential future performance.
Stakeholder Impact
- The share purchase could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 10/03/2023 | Date of warrant expiration for 214,285 shares at $14 held by FCMI Parent Co. |
| 02/08/2024 | Date of warrant expiration for 118,226 shares at $14 held by FCMI Parent Co. |
| 03/28/2024 | Date of warrant expiration for 102,960 shares at $7.64 held by FCMI Parent Co. |
| 08/01/2024 | Date of share purchase by Albert Friedberg. |
| 08/02/2024 | Date of Form 4 filing. |
| 10/03/2028 | Expiration date of warrant for 214,285 shares at $14 held by FCMI Parent Co. |
| 02/08/2029 | Expiration date of warrant for 118,226 shares at $14 held by FCMI Parent Co. |
| 03/28/2029 | Expiration date of warrant for 102,960 shares at $7.64 held by FCMI Parent Co. |
Keywords
VaccinEx, VCNX, Albert Friedberg, share purchase, beneficial ownership, FCMI Parent Co., Pan Atlantic Holdings Ltd., Friedberg Global-Macro Hedge Fund Ltd., warrants, director, 10% owner
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