Form 4: Albert Friedberg Reports Transaction in VaccinEx, Inc. (VCNX)
SEC Form 4 Filing
Albert Friedberg, a director and 10% owner of VaccinEx, Inc., reported a transaction involving the acquisition of common stock and holdings of derivative securities.
Summary
- On April 19, 2024, Albert Friedberg reported acquiring 282 shares of VaccinEx, Inc. common stock at a price of $4.73 per share.
- Following the transaction, Mr. Friedberg directly owns 2,094 shares and indirectly owns shares through Pan Atlantic Holdings Ltd. (180 shares), Friedberg Global-Macro Hedge Fund Ltd. (16,724 shares), and FCMI Parent Co. (560,597 shares).
- FCMI Parent Co. also holds warrants to purchase 102,960 shares (exercise price $7.64, expiring 03/28/2029), 118,226 shares (exercise price $14, expiring 02/08/2029), and 214,285 shares (exercise price $14, expiring 10/03/2028).
- 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: 5
Explanation: The sentiment is neutral as it is a standard disclosure of insider trading activity. The purchase of shares could be seen as a slightly positive signal, but it's a small amount relative to existing holdings.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of key individuals associated with VaccinEx, Inc.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder confidence due to the insider's purchase of shares.
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. |
| 04/19/2024 | Date of transaction: Albert Friedberg acquired 282 shares of VCNX at $4.73. |
| 04/22/2024 | Date of filing of the Form 4. |
| 10/03/2028 | Expiration date of warrants to buy 214,285 common shares at $14 held by FCMI Parent Co. |
| 02/08/2029 | Expiration date of warrants to buy 118,226 common shares at $14 held by FCMI Parent Co. |
| 03/28/2029 | Expiration date of warrants to buy 102,960 common shares at $7.64 held by FCMI Parent Co. |
Keywords
VaccinEx, VCNX, Albert Friedberg, FCMI Parent Co., Insider Transaction, Form 4, Beneficial Ownership, Warrants, Common Stock, Director, 10% Owner
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.