Michael Patrick Donovan - 27 Dec 2022 Form 4 Insider Report for Axogen, Inc. (AXGN)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
29 Dec 2022, 20:01:14 UTC
Prior SEC filing
20 Jul 2022
Next SEC filing
20 Mar 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/Mike Donovan

Key filing fact

Michael Patrick Donovan filed Form 4 for Axogen, Inc. (AXGN) on 29 Dec 2022.

Key facts

  • This page summarizes Michael Patrick Donovan's Form 4 filing for Axogen, Inc. (AXGN).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 29 Dec 2022, 20:01.

Change

  • Previous filing in this sequence was filed on 20 Jul 2022.
  • Current net transaction value: -$2,700.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AXGN transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+1,150
Change %
+1.8%
Price
$0.000000
Shares after
65,005
Date
27 Dec 2022
Ownership
Direct
Footnotes
F1
AXGN transaction

Common Stock

Tax liability

Transaction value
$2,700
Shares
-286
Change %
-0.44%
Price
$9.44
Shares after
64,719
Date
27 Dec 2022
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AXGN transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
+1,150
Change %
Price
$0.000000*
Shares after
0
Date
27 Dec 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,150
Exercise price
Footnotes
F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

This reflects the number of restricted stock units that vested on December 27, 2022.

Footnote F2

Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of restricted stock units. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.

Footnote F3

Each restricted stock unit represents a contingent right to receive one share of Axogen, Inc. common stock.

Footnote F4

All shares of AxoGen Inc. common stock underlying the restricted stock units vested on December 27, 2022 (4 years from the grant date) based upon a vesting schedule whereby 50% of the aggregate shares vest on December 27, 2020 (24 months from the grant date) and an additional 25% of the aggregate shares vest each 12 months thereafter.

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