Remy Sukhija - Dec 23, 2022 Form 4 Insider Report for MADRIGAL PHARMACEUTICALS, INC. (MDGL)

Signature
/s/ Brian J. Lynch**
Stock symbol
MDGL
Transactions as of
Dec 23, 2022
Transactions value $
-$6,416,273
Form type
4
Date filed
12/28/2022, 07:00 PM
Previous filing
Feb 24, 2022
Next filing
Jan 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDGL Common Stock Options Exercise $1.81M +30K $60.26 30K Dec 23, 2022 Direct F1
transaction MDGL Common Stock Sale -$158K -593 -1.98% $266.04 29.4K Dec 23, 2022 Direct F1, F3
transaction MDGL Common Stock Sale -$296K -1.11K -3.76% $267.47 28.3K Dec 23, 2022 Direct F1, F4
transaction MDGL Common Stock Sale -$514K -1.91K -6.76% $268.50 26.4K Dec 23, 2022 Direct F1, F5
transaction MDGL Common Stock Sale -$398K -1.48K -5.59% $269.61 24.9K Dec 23, 2022 Direct F1, F6
transaction MDGL Common Stock Sale -$560K -2.07K -8.31% $270.56 22.8K Dec 23, 2022 Direct F1, F7
transaction MDGL Common Stock Sale -$566K -2.08K -9.12% $271.54 20.8K Dec 23, 2022 Direct F1, F8
transaction MDGL Common Stock Sale -$1.51M -5.53K -26.66% $272.68 15.2K Dec 23, 2022 Direct F1, F9
transaction MDGL Common Stock Sale -$676K -2.47K -16.23% $273.54 12.8K Dec 23, 2022 Direct F1, F10
transaction MDGL Common Stock Sale -$829K -3.02K -23.67% $274.56 9.73K Dec 23, 2022 Direct F1, F11
transaction MDGL Common Stock Sale -$224K -811 -8.33% $275.70 8.92K Dec 23, 2022 Direct F1, F12
transaction MDGL Common Stock Sale -$194K -700 -7.84% $276.67 8.22K Dec 23, 2022 Direct F1, F13
transaction MDGL Common Stock Sale -$194K -700 -8.51% $277.83 7.52K Dec 23, 2022 Direct F1, F14
transaction MDGL Common Stock Sale -$838K -3K -39.92% $279.15 4.52K Dec 23, 2022 Direct F1, F15
transaction MDGL Common Stock Sale -$733K -2.62K -57.96% $279.96 1.9K Dec 23, 2022 Direct F1, F16
transaction MDGL Common Stock Sale -$281K -1K -52.63% $280.92 900 Dec 23, 2022 Direct F1, F17
transaction MDGL Common Stock Sale -$113K -400 -44.44% $282.13 500 Dec 23, 2022 Direct F1, F18
transaction MDGL Common Stock Sale -$113K -400 -80% $283.43 100 Dec 23, 2022 Direct F1, F19
transaction MDGL Common Stock Sale -$28.5K -100 -100% $284.65 0 Dec 23, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MDGL Stock Option (Right to Buy) Options Exercise $0 -30K -50% $0.00 30K Dec 23, 2022 Common Stock 30K $60.26 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 All transactions reported herein were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. After giving effect to these transactions, the reporting person's Rule 10b5-1 trading plan has been concluded and no more trading will be conducted thereunder.
F2 All shares issued pursuant to the exercise of the options reported herein represent 30,000 shares underlying an overall option award of 60,000 shares. All exercised options had vested. As to the overall option for 60,000 shares, 25% of the shares underlying the option vested on April 1, 2021 and, thereafter, 6.25% of the shares vested, or will vest, on the last day of each successive three month period, provided the Reporting Person continues in service with the Issuer on each such date.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $265.76 to $266.75, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote and the footnotes below.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $266.98 to $267.85, inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $268.00 to $268.82, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $269.01 to $269.95, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $270.04 to $271.01, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $271.04 to $272.01, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $272.04 to $273.02, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $273.04 to $274.01, inclusive.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $274.19 to $275.13, inclusive.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $275.24 to $276.23, inclusive.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $276.40 to $277.31, inclusive.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $277.49 to $278.13, inclusive.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $278.53 to $279.50, inclusive.
F16 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $279.56 to $280.42, inclusive.
F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $280.61 to $281.44, inclusive.
F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $282.00 to $282.20, inclusive.
F19 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $283.11 to $283.83, inclusive.

Remarks:

** As attorney-in-fact for Reporting Person