Form 4: Gregg Williams Increases Stake in Vivani Medical Through Open Market Purchases

Gregg Williams, a director and 10% owner of Vivani Medical, has increased his beneficial ownership through a series of open market purchases of common stock.

Summary

• Gregg Williams, a director and 10% owner of Vivani Medical, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• Between May 14 and May 16, 2025, Williams purchased a total of 12,740 shares of common stock at a price of $1.01 per share.
• These purchases were made on the open market.
• Following these transactions, Williams' total beneficial ownership, including shares held directly and indirectly, increased to 13,840,895 shares.
• The indirect ownership includes shares held by Gregg G. Williams 2006 Trust (11,715,143 shares), Williams International Co. LLC (1,212,856 shares), Sam Williams Family Investments LLC (181,587 shares), and Sam B. Williams 1995 Generation-Skipping Trust (731,309 shares).
• Gregg Williams has voting and dispositive power over all of these shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects insider buying, which can be seen as positive, but it's a routine filing and the amount is not significantly large relative to the total shares outstanding.

Positives

• The director's purchase of shares could be interpreted as a sign of confidence in the company's future prospects.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the buying and selling activities of company insiders. These filings are closely watched by investors as they can provide signals about management's view of the company's prospects.

Stakeholder Impact

• The increased stake of a director could be viewed positively by shareholders.

Key Dates

Keywords

Vivani Medical, Gregg Williams, Beneficial Ownership, Form 4, Stock Purchase, Director, VANI